Romania’s Supermarket Boycott: February 10-16
In a move echoing recent consumer activism across Europe, Romania has seen a call to boycott supermarkets in response to soaring prices. Inspired by similar...
Category : Economy
S&P Downgrades Romania’s Credit Outlook Amid Political Turmoil and Fiscal Concerns
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...
A Call for Reform: Reducing Public Sector Jobs and Salaries to Combat Romania’s Deficit
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...
EU Approves Romania’s Seven-Year Deficit Reduction Plan
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...
Romania on the Edge: Austerity Measures Threaten Economic Stability
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...
The Controversial Takeover of E.ON Romania by Hungary’s MVM
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...
Romania’s Economic Outlook Turns Negative: Fitch Ratings Raises Alarm
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...
Romania Introduces European Minimum Wage Standard, Effective January 2025
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...
Romania: National Bank Keeps Monetary Policy Rate at 6.50 pc
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...
Romania’s Entrepreneurial Boom: Insights from the 2024 Entrepreneur Profile Study
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”...
