The World Bank has significantly improved its estimates for Romania’s economy advance this year to 5.1 percent from 4 percent, as estimated in June, according to the Europe and Central Asia Economic Update released by the international financial institution on Tuesday. The World Bank however cautions that the 5.1 percent leap in the Romanian economy […]
The US Embassy in Bucharest announced the retirement of Ambassador Kathleen Kavalec on Tuesday, May 20. In her place, Michael Dickerson, currently Deputy Chief of Mission at the Embassy, has assumed the role of Chargé d'affaires ad interim. "We express our gratitude to the US Ambassador to Romania, Kathleen Kavalec, who is retiring after a […]
The Judges' Section of the Magistrates Supreme Court (CSM) has launched the procedure for filling the position of President of the High Court (ICCJ), according to G4media.ro quoting CSM official documents. According to media...
One of the companies controlled by Ukrainian conglomerate DTEK in Romania is set to receive the commercial operation license for a 60 MW park already connected to the grid in January, with most of the energy going to OMV Petrom (BVB: SNP), Economica.net...
"A downgrade to junk is now less likely, but not impossible and will depend on medium-term fiscal plans," JP Morgan analysts said in a note to investors speaking of the outcome of the presidential elections in Romania. The markets reacted positively to the win of pro-EU candidate Nicusor Dan, but the investors still expect the […]
Romanian financial markets reacted positively on May 19 to the outcome of the country's presidential election, reflecting renewed investor confidence in political stability and expectations of fiscal normalisation. The Romanian leu appreciated by 1.4%, 10-year government bond yields dropped by 60 basis points to 7.41%/7.16%, and the Bucharest Stock Exchange main indices surged by more […]
President-elect Nicușor Dan held a phone conversation with Moldovan president Maia Sandu on Monday, May 19, reaffirming Romania's strong support for Moldova's European aspirations. In a post on X following the call, Dan thanked Sandu for
