US Ambassador in Romania, Kathleen Kavalec, poured some cold water on the bullish statements of her counterpart in Washington, Andrei Muraru, who concluded that once the visa refusal rate has dropped below 3%, the process is completed.
Kavalec informed the Romanian government on October 1, after the meeting with prime minister Marcel Ciolacu, that "there are still some important steps to be taken, in the coming months, to determine if Romania is really eligible to participate in the Visa...
Romania’s tax agency ANAF announced on Monday, March 17, that it uncovered tax evasion exceeding RON 2.41 million in the ride-sharing sector following an anti-fraud inspection at a company based in Ilfov county. The firm, which operates transport services through Uber and Bolt, generated revenues of RON 5.23 million between January 2023 and June...
Tensions are reportedly rising between the two founders of Romanian far-right party AUR (the second-largest in parliament and reportedly the largest one in the recent polls), George Simion and Claudiu Tarziu – who claims that his authoritarian colleague is pressing him to resign. MEP Tarziu currently serves as the head of the AUR leading body […]
"There is no question of a nuclear dome over Romania," presidential adviser and former foreign minister Cristian Diaconescu said, commenting on the scenarios circulated about France using its nuclear umbrella to protect a larger part of the continent against the Russian threat, according to
The average net wage in Romania rose 9.7% y/y to RON 5,328 (EUR 1,070) in January, marking the slowest annual real growth rate (+4.7% y/y) since May 2023. Wages are expected to lose momentum through 2025, after the 4.4% and 7.7% advance, in real terms, during 2023 and 2024. The government’s forecasting body expects a […]
Romania’s public debt increased by 22.9% y/y to RON 964.3 billion (EUR 193.9 billion) at the end of December, after it surged by EUR 36.2 billion during the year. The public debt leaped by RON 27.4 billion (EUR 5.5 billion) in December, although the Treasury has not issued any FX bond – the increase […]
International rating agency Moody's followed Fitch and S&P in changing Romania's outlook from stable to negative, based on concerns about the fiscal situation aggravated by the political turmoil. All three major agencies rate Romania's debt at the lowest category in the investment-grade area – Baa3 in the case of Moody's. The decision to change the […]
