The rating agency Fitch reconfirmed Friday, October 22, 2021, the sovereign rating related to the government debt of Romania to the BBB- for the long-term debt in foreign currency and the negative outlook. "The agency's decision represents a signal for Romania to continue at a sustained pace the fiscal-budgetary policies, the reform and investment plans assumed for the next years", declared the Minister of Finance, Dan Vîlceanu. The level of the rating recommended for investments is supported by the level of government debt and its associated service below the level of countries in the same rating category, as well as the level of GDP per capita, indicators of governance and human capital development, and membership. to the European Union. At the same time, the agency notes that these factors underpinning the rating are offset by still high twin deficits, a weak historical level of fiscal consolidation and a relatively high level of net external debt.
President Nicușor Dan has signed a decree awarding Major General Matthew J. Van Wagenen one of Romania’s highest military honors, the “Military Virtue” Order, Knight rank, the Presidency announced on Wednesday, November 19. The decoration recognizes the US General’s career in senior command and staff positions...
The City Hall of Brașov, a popular mountain resort in central Romania, announced that the narrow Strada Sforii (Rope Street), one of the city's best-known tourist attractions, will be temporarily closed. The authorities cited urgent public safety concerns after experts warned that crumbling plaster from nearby buildings poses a risk to visitors. Mayor George Scripcaru […]
The incoming US ambassador to Romania, Darryl Nirenberg, appeared before the Foreign Affairs Committee in the US Congress on Thursday, November 19, as part of the process of confirming his nomination. During his statements, Nirenberg said that “America’s relationship with Romania has grown into a stable and strategic alliance with cooperation across a range of […]
Train ticket prices will rise by nearly 10% starting December 14, when the new 2025–2026 railway timetable comes into effect in Romania, officials confirmed on Wednesday, as reported by Agerpres. The increase of 9.88% reflects the annual inflation index published by the National Institute of Statistics (INS), in line with...
The Romanian IT sector recorded the largest salary increases in 2025, of approximately 11% compared to last year, although the beginning of the year came with the elimination of the tax facilities, according to Salario data, the comparison tool used by recruitment website eJobs. As such, IT remains the sector that pays best at the […]
Deputy prime minister Oana Gheorghiu will lead a working group tasked with reforming Romania's loss-making state-owned companies, prime minister Ilie Bolojan said in an interview with ProTV, as reported by G4media.ro. Her predecessor, Dragos Anastasiu,
