Chairman of the National Liberal Party (PNL), Florin Citu declared on Friday, in Alba Iulia, that he is worried about the evolution of some economic indicators, the former prime minister adding that any sign from the rating agencies showing that Romania is not moving in the right direction, will mean even higher borrowing costs."I am concerned about the evolution of economic indicators that are linked, of course, to inflation, interest rates. We usually see an increase in inflation and interest rates before an economic crisis. And it only depends on the solutions we will take at government level so as not to have an economic crisis. We will find and we have solutions, we just have to sit down and look for them, because if we managed to find solutions when the economy was closed for two months - there is no bigger challenge to get the economy out of such a crisis - we will also find now. You just have to accept that there is a problem and then come up with a solution," the PNL leader told a news conference.Asked by journalists if the Ministry of Finance' s high borrowing costs were discussed within the coalition, Florin Citu replied that he had spoken about these concerns of his both publicly and within the coalition."I am confident that we will have a coalition (reunion) in the next period in which the Minister of Finance will explain whether these concerns of mine are shared by them as well. I hope that the evolution of interest rates or the measures we will take will not lead to an even higher increase in interest rates, in inflation. We are waiting for Romania's evaluation by the rating agencies in March and any sign from the rating agencies showing that Romania is not going in the right direction will mean even higher borrowing costs for Romania. That is why we must be very careful with the measures we take. All of them should go in the direction of maintaining the deficit at least at the level we assumed at the beginning of the year," he explained.
EVERGENT Investments, an investment company listed under the ticker EVER, reports a net result of RON 273.81 million, 2.8 times higher than the budgeted level for the entire year of 2024. The net result is the company’s main financial performance indicator, comprised of RON 144.02 million in net profit and RON 129.79 million in net […]
One United Properties (BVB: ONE), the leading green investor and developer of residential, mixed-use, and office real estate...
La French Tech Bucharest announces the third edition of its highly-anticipated flagship event, Inspiring Women in Business, set to take place on November 21st, 2024, at the Romanian - American University (Expoziției Boulevard, Number 1B, Bucharest), starting at 18:30. This prestigious event will spotlight influential women who are leading businesses through transformative times, showcasing their achievements, […]
Eltra Logis, one of the main players in the niche logistics, transport, and storage market, is strengthening its position in the pharmaceutical industry, which now generates 40% of the company's turnover. This consideration comes based on the significant consumption of medicines in Romania and the development of local production capacities in the pharmaceutical sector. The […]
The Nexus Gaming team, which represented Romania at the IESF World Esports Championship, defeated Portugal’s team in the final to become world Counter Strike 2 champions. The Romanian team is composed of experienced players Ciocardau, Xellow, BTN, Ragga, and Adron. During the IESF WEC24 championship, they defeated some of the strongest teams, many of which […]
Well-known American actor John Malkovich, who was on stage last week at the National Theatre in Timișoara, visited the city’s first official souvenir shop on Friday, November 15. The visit was announced by Timișoara mayor Dominic Fritz. "Even Hollywood has come to the new souvenir shop. We’re delighted that John Malkovich found high-quality mementos from […]
