Politically motivated reluctance to address the fiscal slippage will bring Romania’s public deficit to 6.3% of GDP this year while securing a decent 2.7% GDP growth in 2024, according to a quarterly macroeconomic report by UniCredit. However, the Italian bank believes that the fiscal corrective package will dampen the growth to 1.9% in 2025.
Despite rather persistent inflation, UniCredit expects Romania’s monetary authority to cut the policy rate starting May, to 6% at the end of 2024...
Murillo Diosa Luis Alfonso, a Colombian man who intended to blow up strategic targets in Romania, was definitively sentenced on Monday, September 22, by the High Court of Cassation and Justice to six years in prison for attempted acts of sabotage. The Supreme Court dismissed the Colombian’s appeal, upholding the sentence handed down in June […]
Romanian real estate developer Nordis, which was embroiled in a national scandal at the beginning of the year for allegedly defrauding clients of EUR 200 million through a pyramid scheme, announced on Monday, September 22, that a new strategic investor is looking to take over its business. The investor, the Avangarde Group, is also active […]
Authorities carried out checks in several schools and hospitals in Bucharest and other cities in the country after threatening emails were received at official addresses, reportedly from abroad. Dozens of emails containing messages like “I will enter the school with two Beretta pistols,” or “I will cause a real massacre” were sent to schools and […]
Romanian filmmaker Radu Jude, one of Europe’s most acclaimed contemporary directors, has made his debut in the visual arts with the video installation Sleep #2, now on display at The Film Gallery in Paris. The show, running from September 22 to October 4, is supported by the Romanian Cultural Institute (ICR) through its Cantemir Program, […]
Romania has been elected to the Board of Governors of the International Atomic Energy Agency (IAEA) for a two-year mandate covering 2025–2027, the Ministry of Foreign Affairs (MAE) announced. This marks the country’s return to the 35-member body for the first time since 2010. The vote took place on Friday, September 19, the closing day […]
Romanian car brand Dacia has launched a new utility version of its well-known Duster car, the Cargo. The new car is intended exclusively for the United Kingdom. Dacia routinely launches utility versions of its cars, and a Pick-Up version was announced last week for the Duster as well. Like the Pick-Up, the Cargo is also […]
