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.
Radu Miruță, currently Romania’s economy minister, was proposed to lead the Defense Ministry. He will also hold the position of deputy prime minister. In his place, senator Irineu Darău has been proposed to take the helm of the Economy Ministry. The Defense and Economy Ministries are handled by the center-right reformist party Save Romania Union […]
Carrefour Romania has expanded its proximity retail network, reaching 200 Express stores and 191 Market locations nationwide, as part of its strategy to strengthen convenience formats. The retailer announced that the 200th Carrefour Express store will open on December 22. In 2025 alone, Carrefour opened 27 Express stores, including 19 company-operated units and eight franchise […]
Bucharest Tribunal rejected on Wednesday, December 17, an appeal filed by former presidential candidate Călin Georgescu against a lower court decision to keep him under judicial control in a case in which he is accused of promoting legionary ideology. The ruling is final,
European chief prosecutor Laura Codruța Kovesi, the former head of Romania's National Anticorruption Directorate (DNA), said she was “shocked” by the revelations made by magistrates in the Recorder documentary ‘Captured Justice,' released on December 9. The media investigation, which fueled major street protests in Romania, details how...
Romania is among 19 European Union member states asking the European Commission to allocate funding for the creation of migrant return centres to be located outside the EU, amid a broader tightening of the bloc’s migration policy, Agerpres reported. The request follows decisions taken by...
The minister of economy, Radu Miruţă, announced that the Agency for Monitoring and Evaluation of Public Enterprises' Performance (AMEPIP) fined him, as a natural person, for "wanting a clean and fair management at a state-owned company" - Avioane Craiova. The fine is apparently linked to comments made by minister Miruţă about the management teams appointed […]
