The agency Standard& Poor?s reconfirms, on Friday 15th April this year the sovereign rating for the governmental debt of Romania at BBB-/A-3 for the long and short term debt in local and foreign currency, as well as the outlook stable, shows the press release sent by the Ministry of Finances. According to the agency, Romania’s rating is supported by the statute of member of the European Union and the robust access to financing on the international capital markets. Similarly, the risks generated by the conflict in Ukraine are diminished by the perspective of absorption of an important volume of European funds (Romania being one of the main beneficiaries of the structural funds included in the Multiannual Framework of the EU and the Facility for Recovdry and Resilience) as well as the low energy dependence of our country on the natural gas and oil coming from Russia. ‘The Romanian government takes efficient measures to counteract the effects of the energy crisis and the war in Ukraine. We are not the only ones to say that, Standard&Poor’s are also confirming the country rating and the high degree of safety for investors keeing the stable perspective’ said minister Adrian Caciu. According to the ageny, sustainable economic growth cumulated with the reduction of the fiscal deficit of the government could lead to the consolidation of the productive capacity of Romania’s economy and as a result to a possible action of improving the sovereign rating of our country.
Pulitzer Prize winner Junot Díaz, Tracy Chevalier, the author of the international best seller Girl with a Pearl Earring, and French author Michel Bussi, known for his widely translated thriller novels, are among the authors set to attend this year’s Iași International Literature and Translation Festival (FILIT), the largest literary festival in the country. They […]
Bucharest is about to welcome a culinary moment like no other. This September, the JW Marriott Bucharest Grand Hotel will host Michelin-starred Chef Theodor Falser - a name synonymous with nature-inspired haute cuisine - for three exclusive evenings that promise to delight the senses and tell stories through food. The Chef Who Cooks Nature Theodor […]
The International Monetary Fund (IMF) has endorsed Romania’s latest fiscal measures, forecasting that the economy will grow by 1% in 2025 and 1.4% in 2026, the government said Friday, September 12, after talks with a visiting IMF delegation. The delegation, led by Joong Shik Kang, met prime minister Ilie Bolojan in Bucharest to discuss the […]
The George Ciprian Theater in Buzău has unveiled “E-Waste E-Motion,” the first performance in Romania in which all characters are played by small autonomous robots, blending art, technology, and sustainability in an experimental theatrical project. “E-Waste E-Motion” is part of a broader artistic research initiative supported by the National University of Theatre and Film (UNATC) […]
With extensive experience in the luxury hospitality sector, gained as General Manager of Sofitel Legend The Grand Amsterdam and Hotel Okura Amsterdam (LHW), as well as in various Director of Operations and Business Development roles, Ms. Emmy Stoel is a seasoned professional whose career reflects a deep passion for excellence in guest service, having successfully […]
Update: The woman made her first statements on Friday afternoon after being questioned. According to Digi24, she told journalists outside a police station in Bucharest that the items were family heirlooms from the Soviet era, and that she...
