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.
The Romanian Cultural Institute (ICR) in London hosts a special event on June 24 to mark the permanent display of The Transylvania Florilegium, a two-volume botanical art album celebrating the unique flora of Transylvania. The books, donated by Addison Publications, are valued at GBP 25,000 and will be available for public viewing and consultation at […]
Romanian audiobook and e-book streaming platform Voxa has officially entered the Latin American market, continuing its international expansion with launches in Mexico, Colombia, Argentina, Chile, and Peru. The move brings the company’s technology to a region of over 300 million potential digital content consumers. The Latin American launch, which began in April 2025, marks a […]
The garden of the “Grigore Antipa” National Museum of Natural History in Bucharest announced the opening of a greenhouse with live tropical butterflies on Friday, June 20. The new space is located in the museum’s courtyard and is populated by tropical butterflies that can be seen in free flight. Among the butterflies are spectacular species […]
Judge Lia Savonea has been appointed president of the High Court of Cassation and Justice, Romania’s top judicial authority, following a vote by the Judges’ Section of the Superior Council of Magistracy (CSM), Hotnews.ro reported on June 23. Savonea received...
Romania's new government is weighing the introduction of a temporary tax on what it terms the "excessive profit" of banks, according to the ruling strategy confirmed by minister of finance Alexandru Nazare and cited by Economedia.ro on June 23. The measure is expected to generate...
Romania’s new government plans to repeal the current regulation requiring state-owned companies to distribute the majority of their annual profits as dividends, according to the official ruling strategy signed by the four-party coalition. Instead, profits generated by state-owned energy companies will be reinvested through a newly established energy investment fund,
