Romania's Government will give national railway administrator CFR a loan to pay its arrears to the private energy suppliers and will issue an ordinance whereby CFR will pay only the principal on its debt to state-owned supplier Electrica, but in several tranches and with no penalties.
"A downgrade to junk is now less likely, but not impossible and will depend on medium-term fiscal plans," JP Morgan analysts said in a note to investors speaking of the outcome of the presidential elections in Romania. The markets reacted positively to the win of pro-EU candidate Nicusor Dan, but the investors still expect the […]
Romanian financial markets reacted positively on May 19 to the outcome of the country's presidential election, reflecting renewed investor confidence in political stability and expectations of fiscal normalisation. The Romanian leu appreciated by 1.4%, 10-year government bond yields dropped by 60 basis points to 7.41%/7.16%, and the Bucharest Stock Exchange main indices surged by more […]
President-elect Nicușor Dan held a phone conversation with Moldovan president Maia Sandu on Monday, May 19, reaffirming Romania's strong support for Moldova's European aspirations. In a post on X following the call, Dan thanked Sandu for
Romania will remain a staunch ally in NATO while focusing on defense investments, newly-elected president Nicușor Dan said after a call with NATO secretary general Mark Rutte. “Romania will continue to be a staunch ally. At the same time, we count on @NATO to deliver ironclad security for Romania. We will focus on defense investments […]
The central Romania city of Brașov will turn into the third entry point to the long-distance trail Via Transilvanica, after Putna and Drobeta Turnu Severin, according to Biz Brașov. The trail, which spans some 1,400 km at the moment, starts in the northern Romania region of Bucovina, at Putna, crosses Transylvania, and ends at Drobeta […]
The European Commission has revised down its economic forecast for Romania, predicting a modest GDP growth of just 1.4% in 2025 - below the 2.5% projected in its previous autumn outlook. The updated Spring Forecast also anticipates a slight recovery to 2.2% in 2026, but warns that economic momentum could be constrained by rising uncertainty […]
