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.
INVOLI, together with Vantage Towers Romania, proudly announces an enhanced strategic partnership aimed at transforming air traffic surveillance throughout Romania regional airports. This initiative marks a significant step in our joint commitment to advancing safety and operational efficiency across all levels of Romanian airspace. Partnership Overview Extended Collaboration: Building on the successful implementation of the […]
Emanuele Nicola Affaticati, a young boy of Romanian origin, will be given the recognition of "Alfiere della Repubblica" (Standard Bearer of the Republic) in Italy for preventing a murder. Emanuele lives in the town of Fiorenzuola D’Arda, in the Piacenza area. In December 2022, he foiled the plan of a man who intended to kill […]
The salaries in the local business services industry have seen a 4% increase in March 2024 compared to September 2023, according to the HR Barometer conducted by the Business Service Leaders Association (ABSL) and PwC Romania. Bucharest leads in salary increase levels at 4.7%, while the region of Banat - Transylvania witnessed an increase of only 2.1%. […]
Romania's Central Electoral Bureau recently published the definitive list of candidacies for the European Parliament elections. According to the BEC decision, 12 political formations and electoral alliances, as well as 4 independents, will participate in the European elections. The candidacies submitted by the Electoral Alliance of Social Democrats and Liberals (PSD-PNL), the United Right Alliance […]
Liberal (PNL) candidate for mayor of Bucharest, Sebastian Burduja, who recently presented his plan for the city, argued that the Romanian capital should strive to become a port on the Danube. The project was first envisioned roughly 170 years ago, in the 1850s, by the Romanian authorities at the time. "It's a project that I […]
Romania will host the third hydrogen bus roadshow this spring as part of the JIVE projects supported and funded by the Clean Hydrogen Partnership, followed by Greece, Bosnia Herzegovina, and Bulgaria. During the first JIVE project CEE roadshow, which ran between November 2022 and January 2023, the bus traveled across Slovenia, Croatia, Czechia, Slovakia, and […]
