Prime Minister Nicolae Ciuca and governor of the National Bank of Romania (BNR) Mugur Isarescu discussed this Friday the main economic and financial developments, against the backdrop of the economic recovery, the energy crisis and endeavors for a solid and credible budget for 2022, said the government's spokesman Dan Carbunaru.This is the first meeting of the Prime Minister with the BNR governor, and presidential advisor on economic affairs Cosmin Marinescu was also invited to attend."The meeting took place during the break of today's government meeting and was aimed at strengthening the institutional dialogue, while tackling the main developments and concerns in the Romanian economy and the financial environment in the current context of economic recovery, energy crisis and the need to work out a solid and credible budget for 2022, capable of giving confidence to the investment milieu and support the financial stability Romania needs in the next period," Carbunaru explained.The talks also focused on the need to increase the administrative capacity to absorb European funds, he added."The meeting highlighted the need for an effective institutional dialogue through the convergent involvement of state authorities, and also reviewed the main challenges we currently face, such as the need to increase the administrative capacity to absorb European funds, as regards both the resources available under the National Recovery and Resilience Plan, and those under the operational programs," Carbunaru said.
Romanian businessman Ovidiu Budeanu, the developer and owner of Arena Mall Bacău, is expanding the shopping center in a EUR 65 million project set to be completed next year. The investment will increase the mall’s surface area by 70%, with expansion works having commenced in 2023,
ROCA Industry, the industrial holding company listed on the main market of the Bucharest Stock Exchange, has invested more than EUR 6.5 million in its operations in the Republic of Moldova, the company announced. The investment aligns with its strategy to expand regional production capacity and optimise operations in the building materials sector. In 2022, […]
Prime minister Marcel Ciolacu said on February 21 that Romania will request the amendment of the National Recovery and Resilience Plan (PNNR), and this will most likely be done in March, according to Spotmedia.ro. Ciolacu met in Brussels with the president of the European Commission, Ursula von...
International rating agency Fitch affirmed Romania's BBB-/negative sovereign rating, noting, besides the twin current account and budget deficits, the political instability caused by repeated presidential elections and a more fragile majority in parliament for the ruling coalition. "Fitch also lists the challenges for the next period and gives a clear signal that we must continue […]
Romania's interim president Ilie Bolojan and prime minister Marcel Ciolacu have congratulated Friedrich Merz and the Christian Democratic alliance CDU/CSU for winning the parliamentary elections in Germany. They both noted the importance of stronger bilateral relations between the two countries. "Congratulations to Friedrich Merz & our friends from the CDU/CSU for winning the parliamentary elections […]
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...
