Greece’s public finances could collapse as early as next month, leaving salaries and pensions unpaid unless a stable government emerges from the June 17 election, according to Lucas Papademos, the technocrat prime minister who left office after this month’s inconclusive vote, CNN informs. Mounting anxiety that Greece is headed for further political instability and a [...]
"A downgrade to junk is now less likely, but not impossible and will depend on medium-term fiscal plans," JP Morgan analysts said in a note to investors speaking of the outcome of the presidential elections in Romania. The markets reacted positively to the win of pro-EU candidate Nicusor Dan, but the investors still expect the […]
Romanian financial markets reacted positively on May 19 to the outcome of the country's presidential election, reflecting renewed investor confidence in political stability and expectations of fiscal normalisation. The Romanian leu appreciated by 1.4%, 10-year government bond yields dropped by 60 basis points to 7.41%/7.16%, and the Bucharest Stock Exchange main indices surged by more […]
President-elect Nicușor Dan held a phone conversation with Moldovan president Maia Sandu on Monday, May 19, reaffirming Romania's strong support for Moldova's European aspirations. In a post on X following the call, Dan thanked Sandu for
Romania will remain a staunch ally in NATO while focusing on defense investments, newly-elected president Nicușor Dan said after a call with NATO secretary general Mark Rutte. “Romania will continue to be a staunch ally. At the same time, we count on @NATO to deliver ironclad security for Romania. We will focus on defense investments […]
The central Romania city of Brașov will turn into the third entry point to the long-distance trail Via Transilvanica, after Putna and Drobeta Turnu Severin, according to Biz Brașov. The trail, which spans some 1,400 km at the moment, starts in the northern Romania region of Bucovina, at Putna, crosses Transylvania, and ends at Drobeta […]
The European Commission has revised down its economic forecast for Romania, predicting a modest GDP growth of just 1.4% in 2025 - below the 2.5% projected in its previous autumn outlook. The updated Spring Forecast also anticipates a slight recovery to 2.2% in 2026, but warns that economic momentum could be constrained by rising uncertainty […]
