Fitch Ratings: Romania Election Does Not Allay Medium-Term Fiscal Uncertainty

12.11.2020
Romania’s general election result points to continued political uncertainty and hence a still-challenging policy-making environment and the need to pass a 2021 budget will be a near-term test of the next administration’s cohesion and an indication of likely fiscal policy settings, Fitch Ratings said
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EIB: 76% Of Romanian Youths In Favor Of Harsher Government Measures To Fight Climate Change
03.21.2023
76% of young Romanians agree with stricter government measures aimed at imposing a change in people’s behavior to tackle climate change, . more
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European Project Worth Over RON25M For Construction Of 60 Youth Housing Units In Brasov
03.13.2023
The Brasov City Hall has accessed a European project worth over RON25 million (EUR5 million), within the National Recovery and Resilience Plan,... more
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Survey: Most Romanians Trust Mobile Banking Services
02.22.2023
60% of Romanians say they trust mobile banking applications to keep their money safe and 59% say they trust internet banking and bank websites, as... more
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eJobs: Gen Z Youths Eye Salary, Professional Growth Opportunities, Remote Work When Looking For A Job
02.16.2023
Salary, opportunities for professional growth and the possibility to work remotely are the most important employment criteria of Generation Z, as... more
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PwC: Over 60% Of Youth Population Will Lack Basic Work-Skills By 2030
02.08.2023
More than 60% of young people aged 15-24 globally (830 million people) will lack the skills needed for the labor market in 2030, including those... more
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Study: Corporate Red Tape, Duration Of Hiring Process Prompt Candidates To Reject First Job Offer
02.02.2023
Corporate bureaucracy and the longer duration of the internal recruitment process cause candidates to change their minds upon receiving the first... more
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Romania Requests Compensation From The EU For Agricultural Losses Amid Ukraine War
01.31.2023
Romania and five other European Union (EU) Member States call for compensation for damages due to the cheap wheat from Ukraine, left on European... more
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Survey: 8 In 10 Romanians Would Change Jobs For Higher Income And Better Development Opportunities
01.26.2023
8 Romanians out of 10 would change their job for higher incomes and better development opportunities, according to a study carried out by Boston... more
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Genesis Property: Romanians Want Modern Work And Urban Living Spaces For Better Work-Life Balance
01.19.2023
Modern concepts that combine work with urban life and provide easy access to co-working, co-living, socializing and wellbeing spaces would bring... more
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Romania’s Birth Rate Has Plunged in Past Three Decades
01.18.2023
Birth rate decline has become one of the most obvious problems Romania is currently coping with. more
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Bucharest Among Europe’s Top 10 Cheapest Cities To Work From In 2023
01.17.2023
Since the pandemic, more companies have adjusted to remote working and despite people being back in the office, employees around the world are... more
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BestJobs: Romanian Employees Do Not Feel Depressed On Blue Monday
01.16.2023
Dubbed ‘Blue Monday’, the third Monday of the new year is considered by experts as the most depressing day of the year due to frequent weather... more
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Romania Signs Three Financing Contracts Worth EUR260M With EIB For 89 Investment Projects
01.10.2023
Romania’s finance ministry has signed three financing contracts worth over EUR260 million with the European Investment Bank (EIB) for the... more
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Revolut: Romanians And Brits, The Most Interested In Putting Money Aside In 2023
01.04.2023
In 2023, Europeans are more concerned about protecting their money, properties (car, house), health and life than investing in new financial... more
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Survey: Half Of Romanians Expect 2023 To Be Worse
01.04.2023
51% of Romanians believe 2023 will be worse than 2022, according to the findings of a survey conducted by the Romanian Institute for Evaluation and... more
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2022 Census Provisional Data: Romania’s Active Population Reaches 8.18 Million People
12.30.2022
Romania’s active population is 8.185 million people, respectively 42% of the total number of residents, consisting of 7.68 million employed... more
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Oradea Airport To See Over RON210M Investment In Upgrade Works
12.29.2022
Romania's Transport Minister Sorin Grindeanu announced on Thursday (Dec 29) the signing of a contract aimed at expanding the passenger terminal of... more
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Employment Agency: Romania Jobless Rate At 3.04% End-November 2022
12.28.2022
Romania's unemployment rate stood at 3.04% at end-November 2022, higher by 0.08 percentage points than in October 2022, data from the country’s... more
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EBRD Lends EUR14.4M To Upgrade Water Services In Romania's Timis County
12.22.2022
The European Bank for Reconstruction and Development (EBRD) is lending EUR14.4 million to the water company of Timis County in Romania, part of a... more
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EBRD Lends EUR18M To Upgrade Water Services In Romania's Dambovita County
12.22.2022
The European Bank for Reconstruction and Development (EBRD) is lending EUR18 million to the water company of Dambovita County in Romania, part of a... more

The European Bank for Reconstruction and Development (EBRD) is lending EUR50 million to UniCredit Leasing Corporation to support micro,
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39% of respondents in Romania anticipate a significant drop in housing prices over the next six months, 27% expect a slight decrease,
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OMV Petrom, the largest integrated energy company in Southeast Europe, will build, in partnership with Complexul Energetic Oltenia (CE
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The European Commission (EC) sent letters of formal notice to Bulgaria, Ireland, Poland, and Romania for failing to notify their
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Romania has almost 142.000 employees in the local IT sector, of whom some 98,000 work in Bucharest, Cluj and Timis, according to Ziarul
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Fiscal deficits will remain elevated in Romania in the medium term: 4.7% of GDP (cash basis) in 2024, compared to the 2.9% target set
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Banks’s profitability will remain subdued over the next year, because of an unprecedented mix of factors including Russia’s
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Romania’s Energy Ministry on Monday (Oct 10) signed the first nine contracts funded through the Modernization Fund, in the amount of
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Survey: Romania Could Increase Its GDP By 10% Until 2050 By Boosting Savings
Romania could increase its gross domestic product (GDP) by 10% until 2050, generating an additional contribution of EUR575 billion by boosting savings and redirecting them towards lucrative investments, according to a survey conducted by McKinsey&Company in spring 2022.