Romania’s program to shield households and smaller businesses from soaring energy bills will cost about 16 billion lei ($3.27 billion), Energy Minister Virgil Popescu said Wednesday. He added that the coalition government is also considering extraordinary taxes across the energy supply chain. Romania has capped gas and electricity bills for households and most other consumers […]
Tag: Romania
Romania: Lower than estimated interest rate increase
Romania’s central bank today raised its key interest rate by 75 basis points to 5.50%, below analysts’ estimates, as it expects inflation to peak in the third quarter and the economy to slow further. This was the eighth consecutive increase in interest rates by the central bank, as reported by Reuters. In July the bank […]
Vasilis Psaltis: Further expansion of Alpha Bank in Romania
By Leonidas Stergiou After the sale of the subsidiary in Albania, the Alpha Bank Group focuses on strengthening its presence in Romania and Cyprus, where more than 10% of total revenues come from. The presence of the Alpha Bank Group in the Romanian market and the prospects for further development in this market were at […]
Why Romania fears it will be Putin’s next victim
By Robert D. Kaplan In 1984, during the darkest period of Romanian dictator Nicolae Ceausescu’s Stalinist rule, I visited Targoviste, over an hour northwest of the capital, Bucharest, on the Wallachian plain. It was a hell town, with streets full of mud, some battered cars, no decent places to eat and garbage everywhere. People looked […]
Mitsotakis meeting with his Romanian counterpart Nicolae Ionel Tsuka
“We confirmed our excellent bilateral relations but also our common belief in the principles of international law, democracy, equality, respect for human rights. After all, Greece and Romania, in addition to being neighbors in the Balkans, are partners in the EU and allies in NATO something that was highlighted at the recent summit in Madrid […]
Romania: Buys 32 used F-16s from Norway
The Romanian government is set to buy 32 used F-16 fighter jets from Norway, in line with a bill passed Thursday. The aircraft will be delivered with a warranty of at least 10 years, during the transition period until the acquisition of fifth-generation F-35 aircraft, according to a statement from the Romanian Ministry of Defense. […]
Macron in Romania – Will have meetings with the country’s political leadership
French President Emmanuel Macron arrived in Romania tonight to meet with the 500 French troops deployed in the country following the Russian invasion of Ukraine. Macron will then visit Moldova and it is not ruled out that he will also go to Kyiv. The purpose of this tour is “to support our troops who (…) […]
About 601,115 tonnes of Ukrainian grain have been sent through the port of Constanta
Ukraine has sent about 601,115 tonnes of grain to the Romanian Black Sea port of Constanta since the Russian invasion on February 24, with an additional 120,294 tonnes on the way, port authorities said today. The grain shipped by barges, trains and trucks to the Romanian port amounts to about 3% of the 20 million […]
Battle with time in the port of Constanta for Ukrainian grain
Road race against time to transport grain from Ukraine to world markets, before the next harvest comes and causes congestion in the supply chain, Romania says. Ukraine, the world’s fourth-largest grain exporter, was forced to resume grain shipments either by train via Poland, Slovakia and Romania or by barges via the Danube after the Russian […]
Pro-Russian hackers attacked Romanian state sites
The Romanian government and other state institutions came under fire on Friday morning, with Romania’s intelligence services blaming it on a pro-Russian hacker group. The group, known as Killnet, claimed responsibility for the attack, which shut down websites and began at 4 a.m. local time, the Romanian Intelligence Service said in a statement. Such attacks […]