Loan rescheduling and bank-specific conversion and appreciation offsetting programs are two solutions to the issue of Swiss Franc loan holders, identified at the January 16 emergency meeting of Finance Minister Darius Valcov with the National Bank of Romania (BNR) Governor Mugur Isarescu and other leaders of Romania’s  central bank. Prime Minister Victor Ponta on Friday [...]
Far-right politician Călin Georgescu is still the frontrunner in Romania’s May presidential elections, according to the latest poll carried out by Verified for the consultants of the ruling coalition’s presidential candidate, Crin Antonescu. Thus, if the 2025 presidential elections were to take place next Sunday, most of those polled would vote for Călin Georgescu (41.1%), […]
The Romanian government approved on March 6 an Emergency Ordinance allocating an additional RON 1.19 billion (EUR 240 million) for the completion of projects to expand, modernize, and convert natural gas transmission and distribution networks. This measure will allow over 44,000 households across the country to have access to natural gas, thus reducing dependence on […]
Romania's hotel market is experiencing a period of accelerated growth, reaching a record of more than 25 million overnight stays in 2024, the highest level in more than 30 years, driven by a rising number of foreign tourists and strong demand for modern hotels, according to Colliers' annual report. Romania's international visibility is increasing, and […]
In an economic update report, ING Romania said it expects 1.6% economic growth this year under the baseline scenario, however noting that "geopolitical risks cloud the outlook." "With the May elections approaching, the evolving political landscape may influence the country's direction. The decisions made in the coming months will be pivotal, steering Romania's trajectory for […]
Retail sales volume in Romania increased by 4.1% y/y in January, half the 8.6% y/y advance in 2024 and the 9.2% y/y in Q4 2024, according to data published by the statistics office INS. In seasonally and workday-adjusted terms, the retail sales inched up by 0.1% m/m. The slowdown was visible in both food and non-food […]
Billionaire Elon Musk has questioned the role of the European Court of Human Rights (ECHR) after the court declared as inadmissible the case brought by Călin Georgescu, a former ultranationalist presidential candidate, regarding the annulment of Romania's 2024 presidential election. Reacting on X, Musk shared a post from conservative...
