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Romania will spend $3.27 billion to protect households and businesses from the energy crisis

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...

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...

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...

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...

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,...

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...