The International Monetary Fund (IMF) delegation present in Bucharest these days did not ask Romania for drastic measures, tax increases or austerity measures, stated the minister of finance, Tanczos Barna, who met on Thursday with the new head of the IMF mission in Romania, Joong Shik Kang."By gradually restoring the budget balance, we will be able to avoid exactly those painful measures that Romania was forced to take during the 2009 crisis and which, rightly, still generate fear among the people regarding the visits of the International Monetary Fund. The International Monetary Fund delegation is on an informal working visit to Bucharest and, contrary to the alarmist rumors of the last few days, did not ask Romania for drastic measures, tax increases or austerity measures," the minister of finance wrote on his Facebook page.Tanczos Barna stated that, during the discussion with the representative of the international financial institution, he reaffirmed the commitment of the Romanian authorities to reduce the budget deficit and create a more flexible state in the next 7 years, increasing allocations for investments that support the economy."We agreed that Romania must regain the trust of international partners and investors, and this is possible only by respecting the commitments assumed and by bringing stability and predictability to the country's finances. We have already taken the first step, by adopting the budget, and now a consistent implementation is necessary," the same source emphasised.An International Monetary Fund mission is visiting Bucharest, from February 3 to 7, for an analysis of the latest economic developments and an update of the forecasts.Currently, Romania does not have an ongoing financing agreement with the International Monetary Fund, but the financial institution annually assesses the development of the Romanian economy, based on consultations on Article IV.
The Foreign Investors Council (FIC) has appointed Ruxandra Băndilă as its executive director. Băndilă will coordinate FIC's activity and "will contribute to strengthening the dialogue with authorities, consolidating the organization's positioning as a reliable partner in promoting a stable and predictable business environment, as well as supporting Romania's becoming a competitive and attractive destination for […]
Only about 44% of employees in Romania say they have used AI in the past year, while the average usage rate in the 48 countries included in the report was 57%, according to the PwC Workforce Hopes and Fears Survey 2025 report. India and Vietnam are at the top, with 84%, followed by China (78%). […]
A new four-star hotel is set to rise next to Bucharest’s Henri Coandă International Airport, following a EUR 45.5 million investment announced by real estate developer D. GROUP. The Wyndham Garden Bucharest Airport Hotel, scheduled to open in July 2027, will introduce the Wyndham Garden brand to Romania for the first time. Located 150 metres […]
Romania ranks 3rd in a European heatwave vulnerability ranking and will experience 3 heatwave events annually, lasting 17 cumulative days with average temperatures of 36.82°C, placing it ahead of all Mediterranean countries, according to new research from climate system experts at Reinders Corporation. The study analysed climate modelling data, heatwave frequency, and average temperatures across […]
Romania’s former prime minister, Marcel Ciolacu, won around 52% of the votes cast for the leadership of the Buzău County Council, a position he previously held. Ciolacu, backed by the Social Democratic Party (PSD), was followed by the candidate of the far-right party Alliance for the Union of Romanians (AUR), Ștefan Avrămescu, with 27% of […]
Romanian producers from Timiș and Tulcea claimed three gold medals at the 2025 edition of the Concours International de Lyon, one of Europe’s leading cheese and dairy competitions. Held in Lyon, the event brought together products from 15 countries and awarded a total of 680 medals, including 459 gold and 221 silver. From Romania, Asociația […]
