A mission of the International Monetary Fund (IMF) will visit Bucharest February 3-7, 2025, Geoff Gottlieb, IMF Senior Regional Representative for Central, Eastern and Southeastern Europe, announced in a press release sent on Thursday."The Fund's team will meet with the representatives of the new Romanian Government and the National Bank of Romania to review recent economic and financial developments and update the macroeconomic outlook. The mission will be headed by Mr. Joong Shik Kang, who has replaced Mr. Jan Kees Martijn as Romania mission chief. Mr. Martijn has been assigned to a new post in line with the IMF's internal policies.'Joong Shik Kang, a South Korean national, is currently the head of the IMF mission in Romania and Greece. Previously, he was Head of the IMF Mission in Hong Kong and Deputy Head of the IMF Mission in China. Previously, he was Assistant Director of the Asia and Pacific Department and Head of the IMF Mission to the Marshall Islands. He studied economics at the University of Seoul and holds a Ph.D. in economics from the University of Wisconsin-Madison.Currently, Romania does not have an ongoing financing agreement with the International Monetary Fund, but the financial institution annually assesses the evolution of the Romanian economy based on Article IV consultations.The consultations are a supervisory exercise that is mandatory for all member states. The purpose of Article IV consultations is to examine the financial and economic situation at national level and to make general recommendations on monetary, financial and economic policies to be pursued in order to ensure stability and positive developments in the economy.
Romanian director Radu Jude has won the Silver Bear for Best Screenplay for Kontinental '25 at this year's Berlin International Film Festival/ Berlinale. Kontinental '25 is Jude’s third film awarded in Berlinale’s main competition, after Aferim!, which earned...
With nearly 1,300 real estate transactions in 2024, the company tripled its sales volume compared to 2023. The total value of real estate transactions reached EUR 146 million in 2024. There were 114 transactions in January 2025, double the number in January 2024. With a total of almost 1,300 real estate transactions, North Bucharest Investments […]
Forvis Mazars Group, the international audit, tax and advisory services partnership, releases today its annual CEE M&A report, prepared in association with Mergermarket. It reveals that dealmaking in the CEE region suffered a decline in overall deal value, although a marginal rise in deal volume shows the market’s underlying robustness. The Investing in CEE: Inbound […]
With a total of almost 1,300 real estate transactions, North Bucharest Investments (NBI) managed to triple its sales volume compared to 2023, and the total value of transactions reached €146 million in 2024. This amount reflects an increase of 133% compared to the previous year and consolidates the company's leading position on the real estate […]
French president Emmanuel Macron said that Russia manipulated elections in Romania and that the cancellation of last year's presidential elections did not shock him as a result of that intervention. Macron made the comments during a session of questions from users on social media regarding the situation in Ukraine. Over one hour, he...
Romania’s Ministry of Education released the latest edition of the National Metaranking, identifying the top universities in the country. The ranking has undergone minor changes compared to last year’s edition or the last independent metaranking published in the fall by academic experts. The Transilvania University of Brașov has entered the top 5 universities in Romania, […]
