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 Nexus Gaming team, which represented Romania at the IESF World Esports Championship, defeated Portugal’s team in the final to become world Counter Strike 2 champions. The Romanian team is composed of experienced players Ciocardau, Xellow, BTN, Ragga, and Adron. During the IESF WEC24 championship, they defeated some of the strongest teams, many of which […]
Well-known American actor John Malkovich, who was on stage last week at the National Theatre in Timișoara, visited the city’s first official souvenir shop on Friday, November 15. The visit was announced by Timișoara mayor Dominic Fritz. "Even Hollywood has come to the new souvenir shop. We’re delighted that John Malkovich found high-quality mementos from […]
The CONFIDEX H2 2024 study shows a relatively stable year without major events that could significantly impact Romania’s economy, but leaves room for growing concern regarding the future. According to the study, supported by private equity funds ROCA, AGISTA, and CITR, the leader in Romania’s insolvency and restructuring market, only 29% of managers report optimism […]
Romanian president Klaus Iohannis was on a visit to Berlin from November 15 to 18 to signal the strong ties between Romania and Germany with a speech in the German Bundestag. He also met German chancellor Olaf Scholz and president Frank-Walter Steinmeier. During his speech, the Romanian president said that the friendship between the two […]
In a rapidly digitalizing world, companies face numerous challenges in managing documents and data efficiently. Andrei Negulescu, Strategic Digitalisation Manager at Matricia Solutions, shares unique insights into how his firm helps businesses navigate the complex journey of digital transformation. In today’s world, every business talks about digital transformation, but few know how to make it […]
The Bucharest National Airports Company, which operates the two main airports of the capital, wants to purchase 450 benches for passengers in the boarding gate area of the Henri Coandă International Airport, better known as the Otopeni Airport. According to the announcement, CNAB will purchase 250 three-seat benches and 200 four-seat benches. The contract is […]
