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.
Over 136,000 non-EU citizens held residence permits for employment in Romania at the end of August this year, most of them coming from Nepal, Sri Lanka, Turkey, Moldova, and India, and two out of three immigrants live in Bucharest, Ilfov, Constanța, Timiș, and Cluj, according to a study conducted by the Economic and Social Council. […]
Romanian prosecutors conducted house searches in 12 locations in Bucharest and two in Târgu Mureș on Wednesday, November 26, in a case targeting former employees of bankrupt insurer Euroins. Specifically, the searches targeted 10 individuals who held executive management positions within Euroins, as well as the headquarters of legal entities controlled by the Bulgarian shareholders […]
Prices in Bucharest’s premium residential market have doubled over the past few years, reaching record highs amid a severe shortage of supply in the city’s most exclusive neighborhoods, Cushman & Wakefield Echinox said. Areas such as Primăverii, Kiseleff, Aviatorilor, and Dorobanți continue to dominate demand. Over the past 2 or 3 years, prices for premium […]
The Romanian Consulate in New York shared on social media the story of George Pomuț (George Pomutz, born Gheorghe Pomuț), the Romanian-American who facilitated the sale of Alaska to the US. Despite his role in US history, the Romanian is largely unknown today, the Consulate noted. Pomuț was born in the Hungarian town of Gyula, […]
Shares of Cris-Tim Family Holding (BVB: CFH) began trading on the Bucharest Stock Exchange on November 26 after an IPO worth RON 454.35 million (EUR 89.3 million) conducted last month. Cris-Tim is now the largest entrepreneurial company in the food sector on the BVB Main Market. The funds raised from institutional and over 8,000 retail […]
The Fabrica de Glucoză area is undergoing one of the fastest urban transformations in Bucharest, strengthening its position as one of the most dynamic residential and investment hubs in the northern part of the city. The modernization of infrastructure, the reconfiguration of the Dimitrie Pompeiu – Fabrica de Glucoză – Pipera axis, and the overall […]
