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.
Romanian restaurant chain Spartan, which local entrepreneur Stefan Mandachi sold last year to the brand’s main franchised investors, said it recorded a turnover of EUR 48 million in 2023 and announced plans for local and international expansion. The quick-service restaurant network has reached 75 locations and sold Greek-inspired products to over 7 million customers last […]
Remote Butler, an app developed by an IT company from Cluj-Napoca, Romania, that allows registered waiters to practice their profession regardless of their location, will also include people with disabilities. Moreover, it will also use sign language to make it more pleasant for people with speech impairments to access the services of the restaurants they […]
Techsylvania, the premier tech conference renowned for its ability to unite visionaries in the world of technology, is gearing up for its highly anticipated event in 2024. With a focus on fostering collaboration, sparking innovation, and providing unparalleled networking opportunities, Techsylvania 2024 promises to be an event like no other. Among the most exciting aspects […]
‘Small actions influence significant and unforeseen consequences’ This is the root of the Butterfly Effect and the theme behind the inaugural edition of TEDx ISB. We are thrilled to share the resounding success of this event’s first edition, held on the 6th of April 2024. TEDx events are...
flydubai decided to open a new office in Bucharest, in the Eminescu Offices building, according to Cushman & Wakefield Echinox, the real estate consultancy company that brokered the lease. Founded in 2008, flydubai is a low-cost airline based in the United Arab Emirates (UAE). Elena Iaru, Consultant Office Agency, Cushman & Wakefield Echinox, said: “We […]
Alstom announced on April 23 that it completed a new maintenance facility in Bucharest for electric rolling stock. According to the company, Alstom Grivita Depot is Romania’s first established depot dedicated to the maintenance and testing of electric trains and locomotives. The first EMU from...
