By Iulian Ernst in Bucharest S&P Global Ratings revised its outlook on Romania to negative from stable, while affirming its BBB- long-term foreign and local currency sovereign credit ratings, on January 24.
Following the recent theft at the Drents Museum in the Netherlands, the Brukenthal National Museum in Romania has decided to close temporarily to raise awareness about the importance of protecting cultural heritage.
By Luiza Ilie, Gergely Szakacs and Libby George BUCHAREST/LONDON (Reuters) - Romania's attempts to restore investor confidence and lower the European Union's highest budget deficit have hit early hurdles in a year fraught with political jeopardy and the risk of losing its coveted investment-grade ratings.
Romania is the third largest exporter of vacuum cleaners in Europe and ranks seventh worldwide, accounting for 2.26% of all vacuum cleaners exported to other markets, Ziarul Financiar reported. The data provided by The Observatory of Economic Complexity (OEC) platform is for 2022 and is the
The suspects allegedly hired 197 positions for a network of fake companies, in order to defraud EU and Romanian government subsidies aimed at helping the unemployed.
Among the stolen artifacts were three golden bracelets and the golden helmet of Cotofenesti, an elaborately decorated, solid-gold headpiece from the fifth century BC.
According to a study published in Nature Communications, faunal remains from Grăunceanu, part of the Tetoiu Formation, were analysed, showing cut marks consistent with hominin butchery techniques. The research team,
EU finance ministers approved Romania's deficit-cutting plan on Tuesday to bring its fiscal deficit below 3% of national output by 2030, a move Bucharest hopes will help reassure investors about its economic outlook and tame surging bond yields.
Romania faces mounting challenges in reducing its EU-leading budget deficit. Political instability and potential loss of investment-grade status from major rating agencies threaten to increase borrowing costs.
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Romania's energy ministry said on Wednesday it has notified a government agency that reviews foreign investment about potential national security risks stemming from a planned sale of E.ON's local energy provider to Hungary's MVM.
Scientists uncovered evidence of the oldest hominin presence in Europe in modern-day Romania nearly two million years ago.