Romania’s gross external debt, including the inter-group loans contracted by FDI companies in Romania from their parent groups, reached EUR 180 billion at the end of July, EUR 21.5 bln more compared to July 2023, according to data published by the central bank BNR.
The debt-to-GDP ratio increased to 53.5% from 52.5% one year earlier.
Out of the EUR 21 bln rise in the external public debt, EUR 14.7 bln was contributed by the government, which has borrowed heavily over the past...
THAIco SPA, a leader in the Romanian luxury SPA services market, has launched its fourth location following an investment of over EUR 600,000 and has two other openings planned for this year. The total estimated investment for 2024 exceeds EUR 3.5 million. The new wellness center is located in the northern area of Bucharest. At […]
A recent poll by INSCOP Research shows that two-thirds of Romanians see immigrants more as an opportunity for Romania because they help the economy by taking jobs not done by locals. Young people, those with higher and medium education levels, as well as residents of Bucharest, are more favorable toward immigrants than the average population. […]
Bucharest Gaming Week, the event that brings together gamers and the newest and most popular games of the moment, will take place for nine days, between October 5 and 13, in a hybrid format. The Palace of Parliament hosts the central event of the eighth edition on October 12-13. In three of the Parliament's impressive […]
The president of Romania’s lower legislative chamber, Daniel Suciu, recently proposed extra security checks at the entrance to the Palace of the Parliament. His statements come after a man set fire to a store in the tourist area of the building, which is situated before the existing security filters. Between 200,000 and 240,000 people visit the Palace […]
Climate Change Summit, a leading event in Central and Eastern Europe dedicated to climate change solutions, premieres Immersive Call to Climate Action, an immersive experience that puts into focus the urgent need for concrete actions to combat climate change. The show will be hosted by ISPACE, at Mega Mall in Bucharest, between September 18 and […]
The program includes internationally accredited courses, 100 hours of in-depth business training, and an entrepreneurial project where participants apply the theory in practice. Sessions are led by successful entrepreneurs and executive directors of companies in Romania. The program will take place over 10 weekends from January 10 to March 29, 2025. ...
