Capital must flow not only from deposits into credits, but also from saving in private companies which create jobs and that is why it is important to have a developed capital and banling market, says Cristian Popa, a member of the Administration Board of the National Bank of Romania at the 12th edition of BVB Awards 2025, the annual ceremony awarding performances in the capital market in 2024. He referred to the increase of the number of stock market investors, mentioning that in 2015 there were 60,000-70,000 investors and 202,000 in 2024. At the same time, Popa reminded that the increase of GDP/ capita seven times and of the number of highway kilometers have grown ten times in the last 20 years. “There are figures that should be mentioned, especially in the context in which we operate now. Figures about the number of highway kilometers in Romania are undeniable: 113 km in 2003, 1074 in 2023, over 1,200 at present, an increase by ten times. GDP per capita was 2,400 euros 20 years ago, now it is 17,000 euros, that is an increase by 7 times. Direct foreign investments were 9.6 billion euros in 2003, 118 billion euros in 2023,”Popa said. He pointed out that Romania has known an important development, sometimes forgotten. “It is a fantastic development we tend to forget sometimes. We simply forget where we forget where we started from and where we are now. The average Romanian lives 80% of the life span of an average European. We must say that being and EU member helped Romania a lot, as well as the money coming from EU, 66 billion euros. These high contributions helped develop Romania by building roads, bridges , hospitals and helped us get where we are. I think it is important to remind those figures, because sometimes we lose the perspective being preoccupied by the present and foregetting to consider achievements,” Popa pointed out.
Independent candidate and Bucharest mayor Nicușor Dan, who is credited with a real chance to reach the run-off round of the presidential elections in Romania, said on Tuesday, April 15, that his official Instagram, Facebook, and TikTok accounts were under attack. According to the mayor, thousands of new followers and positive comments have appeared in […]
The Holy Light will be brought from Jerusalem to Bucharest on the evening of Saturday, April 19, and then distributed to other areas of the country, according to a press release published by Basilica.ro. The Easter Holy Light will be brought from Jerusalem by Archimandrite Teofil Anăstăsoaie, the representative of the Romanian Patriarchate at the […]
Four people have been detained for 24 hours following the violent protest in front of Romania’s Central Electoral Bureau in March, where supporters of former presidential candidate Călin Georgescu clashed with law enforcement. The individuals are accused of throwing objects at gendarmes, injuring at least one officer, and overturning...
The delegation of the United States Congress, led by Vern Buchanan, conveyed messages of support for Romania’s accession to the Visa Waiver Program during their meeting with government officials at the Victoria Palace in Bucharest on Tuesday, April 15. The American officials pledged to push for the country’s inclusion “as soon as possible.” “Representatives from […]
Crin Antonescu, the presidential candidate of the PSD-PNL-UDMR governing coalition, denied being a collaborator of the communist-era political police, the Securitate, in a press conference on Tuesday, April 15. The conference was called after the National Council for the Study of the Securitate Archives (CNSAS) announced that, in 1988, Antonescu gave a statement to the […]
Leventer Medical Group, a leading dermato-oncology center in Southeast Europe and a pioneer of Mohs micrographic surgery in the region, has received a strategic investment from private equity firm 7X Partners, which has acquired a 40% stake in the company. The partnership supports the development of Romania’s first private hospital dedicated to the integrated treatment […]
