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Fitch: Political situation poses no immediate risk to country’s credit rating

July 12, 2012

The main risks are the structural issues and the exposure to the crisis in Greece and the Euro Zone. Romania will exit the excessive deficit procedure of the EU at the middle of next year, the financial rating agency adds. Political instability in Romania does not represent an immediate risk for the country’s credit rating, [...]

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Romania’s Şipot Villa set to reopen by the end of the year after two years of restoration work

The Şipot Villa, the place where the project for Romania’s famous Peleş Castle was conceived, is set to reopen by the end of this year as a cultural and tourist destination in the Sinaia mountain resort. The Villa is also known as the "House of Architects," a part of the Royal Domain of Peleş. The […]

Photo exhibition, album highlight stories of Romania’s Făgăraș Mountains

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Republic of Moldova to hold presidential election on October 20

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Documentary about Romanian tennis star Ilie Ilie Năstase in Rome Film Festival selection

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Almost 7,000 Romanians living abroad registered to vote by mail in upcoming elections

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Only 1.5% of Romanian companies used AI in 2023, below the EU average of 8%

Only 1.5% of companies in Romania with more than 10 employees used Artificial Intelligence technologies in 2023, significantly below the European Union average of 8%, according to Eurostat data, as highlighted by economist Cristian Popa, member of the board of directors of the National Bank of Romania (BNR).  "The AI train is leaving. Are we […]