The S&P rating agency reconfirmed, on April 12, the rating related to Romania's governmental debt at BBB-/A3 for long-term and short-term debt in foreign currency, as well as the stable outlook, the Ministry of Finance (MF) announced on Monday.According to a press release, the decision to reconfirm the sovereign rating and maintain the stable outlook is supported, in the agency's opinion, by the moderate stock of external and governmental debt and the solid growth prospects of our country in the next two years.At the same time, S&P anticipates that Romania's commitments within the European Union's Recovery and Resilience Mechanism will continue to anchor the political reforms of the Romanian authorities."The report confirms that the investments we finance with European money and for which we provide co-financing will support a substantial economic growth perspective of approximately 3.6%, on average, between 2025 and 2027. For us, it is a recognition of the constant efforts to to manage external and governmental debt in a responsible way, while focusing on the structural reforms we have undertaken. At the same time, it is a signal of confidence for investors that Romania remains on a positive development trajectory." finance minister Marcel Bolos said.In the evaluation, S&P highlights both the resilience demonstrated by the labor market in our country, and the fact that unemployment remains close to the historical lows recorded.The main factors that could lead to the improvement of the country's rating or the outlook are the substantial reduction of the fiscal deficit and the registration of a downward trend of public debt as a share of GDP. At the same time, the decrease in the costs of servicing the governmental public debt by improving the debt structure and the strong reduction of external deficits can represent other positive factors for Romania's credit rating, the release states.The main factors that could lead to a worsening of the country's rating or the outlook are: the increase in government deficits and the level of public debt as a percentage of GDP over the agency's current projections.
The restructuring plan laid out by Liberty Galați was validated by the Galați Court on Friday, August 1, after having been approved by 52% of the ailing plant’s creditors last month. The plan, approved by creditors and confirmed by the Galați Court, sets out firm measures to restructure both the company’s operational activity and the […]
Animest, Romania’s leading animation film festival, returns to Bucharest this autumn with a special 20th anniversary edition. Running from October 3 to 12, the festival invites audiences to explore the theme of "the journey” - a metaphor for both its two-decade history and the personal, emotional paths traced through animated storytelling, the organizers said. Last […]
An article delving into the benefits of hydrotherapy, published by the famous US newspaper The New York Times, features a recommendation for six wellness centers, including Romania’s Therme center. According to the article, “studies show that immersion in water, hot or cold, can calm the nervous system, reduce joint pain and inflammation, stimulate circulation, lower […]
Plastic surgeon Tiberiu Paul Neagu, head of the Burns Center at Floreasca Hospital, one of the major hospitals in Bucharest, was dismissed on Monday, August 4, after a patient was transferred to Belgium following multiple multi-resistant hospital-acquired infections. The scandal broke out when a patient with burns over 70% of her body, who had been […]
The Buzău Land/Ținutul Buzăului UNESCO Global Geopark has received high praise from evaluators following a three-day official visit aimed at assessing its progress and determining whether the site will retain its UNESCO geopark status. The visit, conducted in June by Goran Radonic (Croatia) and Iván Cortijo Sánchez (Spain), concluded with positive feedback for the geopark […]
One United Properties (BVB: ONE), a publicly listed developer that has so far been focused on Bucharest, announced the signing of a promissory sale and purchase agreement for land located in a prime central area of Sibiu. The site, located on the former FLARO industrial platform, offers significant potential for urban regeneration, according to company […]
