Romania: Bolos: I don’t think Romania can afford the luxury of facing (...)

August 4, 2022

Bolos: I don’t think Romania can afford the luxury of facing political instability
Aug 4, 2022

Bolos: I don’t think Romania can afford the luxury of facing political instability.

Minister of European Investment and Projects Marcel Bolos told a news conference on Thursday that the incumbent ruling coalition ensures political and decision-making stability and that Romania cannot afford to face instability. When asked about the possibility of the current ruling coalition (...)

[Read the article in Nine O`Clock]

SEE ALSO IN ROMANIAN NEWSPAPERS

Romania sends firefighters to aid France in battling wildfires Romania has sent a team of 77 firefighters to aid France's efforts to battle the wildfires in the southwestern part of the country. It comes after France sent a request for help through the European Civil Protection Mechanism. Germany, Greece, Poland, and Austria also sent teams of (...)

Heraeus Sees Revenue up 28% to RON291.1M in 2021 Solder paste and adhesive materials manufacturer Heraeus Romania, the local subsidiary of Germany’s Heraeus, posted revenue of RON291.1 million (EUR59.2 million) in 2021, up about 28% from the previous year, according to ZF calculations based on data from the Finance (...)

Germany's Knauf Insulation Plans RON648M Investment in Romania Insulation materials manufacturer Knauf Insulation, part of Germany’s Knauf Group, has applied for RON90 million state aid, which would be part of a RON648 million investment, the results of the selection process of state aid applications Finance Ministry published on Tuesday (...)

Southern Romania: Museum of Communism for Children to open in Pitești The Museum of Communism for Children is set to open on August 23 in Pitești, on the premises of the Pitești Prison Memorial, which covers the history of the infamous Pitești Prison. Pitesti Prison is one of the sites where political detainees were held during the communist regime. The opening on (...)

Five Best-Selling Mineral Water Brands Reach Almost 80% Market Share in Romania The five best-selling bottled mineral water brands in Romania had a combined market share of 78.7% by value last year, data from market research company Market Vektor show.

Romania's Govt. publishes budget revision draft The Ministry of Public Finance published the budget revision draft for public debate on August 11. The general government budget deficit target is maintained at 5.8% of GDP. According to the draft, revenues will be revised upwards by RON 29.94 bln, the expenses by RON 32.59 bln, and the (...)

Raiffeisen Romania issues RON 500 mln of 5-yr sustainability bonds Raiffeisen Romania announced that it placed a new issue of corporate bonds in local currency (RON), the bank's fourth issue of MREL eligible bonds and the first series of sustainability bonds, through which it raised RON 500.85 mln from institutional investors, with a maturity of 5 years. The (...)