Economy Archives - Valahia.News

S&P Downgrades Romania’s Credit Outlook Amid Political Turmoil and Fiscal Concerns

Valahia.newsJanuary 25, 2025January 25, 2025

by Valahia.newsJanuary 25, 2025January 25, 2025023

S&P Global Ratings has officially downgraded Romania’s credit outlook from stable to negative, citing escalating risks associated with the country’s public finances and ongoing political...

Economy Finance Romanian News

A Call for Reform: Reducing Public Sector Jobs and Salaries to Combat Romania’s Deficit

Valahia.newsJanuary 22, 2025January 22, 2025

by Valahia.newsJanuary 22, 2025January 22, 2025024

The current state of Romania’s public sector is under scrutiny as the government grapples with a significant public deficit, the necessity for efficiency, and ongoing...

Economy Finance Romanian News

EU Approves Romania’s Seven-Year Deficit Reduction Plan

Valahia.newsJanuary 22, 2025January 22, 2025

by Valahia.newsJanuary 22, 2025January 22, 2025030

Romania has been under the EU’s excessive deficit procedure since 2020 due to its fiscal deficit exceeding the 3% of GDP threshold mandated by EU...

Economy Politics Romanian News

Romania on the Edge: Austerity Measures Threaten Economic Stability

Valahia.newsDecember 28, 2024December 28, 2024

by Valahia.newsDecember 28, 2024December 28, 2024066

Romania’s new government, led by Prime Minister Marcel Ciolacu, is set to implement a comprehensive fiscal austerity package to address the country’s burgeoning budget deficit...

Business Economy International Business International News International Politics Romanian News

The Controversial Takeover of E.ON Romania by Hungary’s MVM

Valahia.newsDecember 22, 2024December 22, 2024

by Valahia.newsDecember 22, 2024December 22, 20240111

The recent agreement between Hungary’s state-owned energy company MVM and Germany’s E.ON to acquire the latter’s Romanian energy supply operations has ignited a controversy in...

Business Economy Finance International Business International News Romanian News

Romania’s Economic Outlook Turns Negative: Fitch Ratings Raises Alarm

Valahia.newsDecember 18, 2024December 18, 2024

by Valahia.newsDecember 18, 2024December 18, 20240105

On December 17, 2024, Fitch Ratings affirmed Romania’s long-term foreign currency rating at BBB- but revised its outlook to negative. This change reflects concerns regarding Romania’s weak export...

Economy Romanian News Social

Romania Introduces European Minimum Wage Standard, Effective January 2025

Valahia.newsNovember 13, 2024November 13, 2024

by Valahia.newsNovember 13, 2024November 13, 20240158

On November 13, 2024, President Klaus Iohannis officially signed into law the implementation of the European minimum wage directive in Romania. This legislation will introduce...

Economy Finance Romanian News

Romania: National Bank Keeps Monetary Policy Rate at 6.50 pc

Valahia.newsNovember 11, 2024November 11, 2024

by Valahia.newsNovember 11, 2024November 11, 2024045

In its meeting on 8 November 2024, the Board of the National Bank of Romania decided the following: to keep the monetary policy rate at...

Business Economy Romanian News

Romania’s Entrepreneurial Boom: Insights from the 2024 Entrepreneur Profile Study

Valahia.newsNovember 2, 2024November 2, 2024

by Valahia.newsNovember 2, 2024November 2, 2024051

The entrepreneurial landscape in Romania has undergone a remarkable transformation over the past 15 years, as evidenced by the findings from the “Entrepreneur Profile 2024”...

Economy International Business International News Romanian News

Romania Is the Largest Natural Gas Producer in the EU

Valahia.newsOctober 26, 2024October 26, 2024

by Valahia.newsOctober 26, 2024October 26, 20240186

In the second quarter of 2024, Romania emerged as the largest natural gas producer in the European Union for the first time, producing 2.3 billion cubic...