ING Bank estimates that the National Bank of Romania (BNR) will maintain the key interest rate at 6.50% at the meeting on January 15 due to persistent inflationary risks, according to a bank's research note. The position tends to reflect consensus expectations.
"While economic growth concerns are not to be taken lightly, we think the Bank will need to see its risk heatmap turning less red before proceeding again with its cautious easing cycle," the report reads.
In this context,...
Romania has awarded the first contract under the National Company for Road Investments (CNIR), selecting a consortium led by SA&PE Construct S.R.L. in partnership with Tehnostrade S.R.L., Spedition UMB, and Euro Asfalt to design and construct Section 1C Sărățeni-Joseni on the A8 Highway, also known as the “Union Highway.” The contract, worth roughly EUR 1 […]
Radisson Blu Hotel, Bucharest and Park Inn by Radisson Bucharest Hotel & Residence welcome Atakan Turhan as their new General Manager, effective February 2025. With over three decades of expertise in the hospitality industry – 20 of them within Radisson Hotel Group – Atakan Turhan brings a wealth of experience in hotel operations, strategic growth, […]
Romania is set to bring high-speed internet to nearly 1,000 remote localities as part of a EUR 94 million investment under the National Recovery and Resilience Plan (PNRR). Economy, digitalization, entrepreneurship, and tourism minister Bogdan Ivan signed the financing agreements on Wednesday, March 5. The project will enable the expansion of fiber-optic networks to 994 […]
On Thursday, March 6, Romanian prosecutors at the Directorate for Investigating Organized Crime and Terrorism (DIICOT) detained six individuals, including a retired general aged 100, accusing them of organized crime and treason. Two of the defendants traveled to Moscow in January and allegedly negotiated with Russian agents for Romania’s withdrawal from NATO. According to the […]
Without an explicit source, an online petition was launched for the presidential candidacy of acting president Ilie Bolojan. Launched by the user "Ilie," the petition was signed by 4,258 on the first day, G4media.ro reported. The author of the petition seems to come from...
Two polls released on March 5 in Romania support the idea that the ruling coalition formed by Liberals (PNL), Social Democrats (PSD), and Hungarian party UDMR should not replace its presidential candidate Crin Antonescu. The polls were published as Antonescu's position as a presidential candidate seems at risk: on the one hand, his scores in […]
