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Interest rates for long-term loans taken out by the Romanian Government have risen sharply in the recent period, reaching nearly 8% in May. Romania is currently borrowing money at the highest interest rate in the EU, according to data centralized by the European Central Bank (ECB). In May 2021, Romania was borrowing at 3% yearly interest. Right now, the rate is...

More Moldovan plums, grapes and other agricultural products should soon be coming to European markets tariff-free. The European Commission has today proposed a regulation allowing for temporary improved market access for the remaining seven products from Moldova which are still subject to tariff rate quotas when entering the EU. This is a demonstration of EU's solidarity designed to help...

A new poll on Europe’s attitudes to Russia’s invasion of Ukraine casts doubts on Romania’s historic hostility toward Russia. Frontline states The survey across 10 European Union members and the UK included frontline states Poland and Romania. But even if they both share long borders with Ukraine and their governments are among Kyiv’s major supporters, their citizens display quite distinct attitudes to...

French President Emmanuel Macron appeared to voice a tougher line on Russia on Wednesday, saying that he hoped Ukraine would win the war, but added that it would still need to negotiate with Russia. Kyiv The French president arrived in Romania on Tuesday for a three-day trip to Ukraine's eastern neighbours including Moldova, amid reports that he would head to Kyiv...

A new draft law would, if approved, grant every Romanian citizen a free bank account which they could use to receive their pension or salary, make payments or save up. Announced by Liberal MP George Tuță at Academia de Studii Economice, one of Romania’s top universities for financial education, the bill is meant to foster financial inclusion. "This is about...

Romania is heading for a period of economic stagnation and a further rise in inflation, a potential scenario, known as stagflation, which causes companies to secure their businesses, in line with the declining appetite for investment and consumption, according to the Moneycorp Barometer. The survey, conducted by Moneycorp and the consulting firm Frames, indicates that 46.7% of businesspeople, managers and...

Romania’s Defense Ministry has canceled its only tender for the acquisition of military drones, despite rising security risks in the region. In 2020, the Parliament approved the purchase of seven UAS II class tactical drone operating systems. The acquisition would have added 21 drones to the Army’s hold, plus maintenance, for around USD 277 million. However, the Defense Ministry recently canceled...

More than 15,000 millionaires are expected to leave Russia this year as wealthy citizens turn their back on Vladimir Putin's regime after the invasion of Ukraine, according to an analysis of migration data. About 15 percent of Russians with more than $ 1 million in assets are expected to emigrate to other countries by the end of 2022, according to...

My name is Dan and I am the full-time tour and mountain guide and owner of Outdoor Activities in Romania. My dream was to become a guide and have the privilege of showing others the many beautiful places that I’ve seen in Romania. Before deciding on the right path for me (almost literally) I worked as a computer programmer. But I...

French President Emmanuel Macron has left Paris and was headed to the Black Sea on Tuesday as part of a regional tour to Romania and non-NATO member Moldova. https://twitter.com/EmmanuelMacron/status/1536702245219319808 "My dear compatriots, I will be in Romania this evening to support, in your name, military who have been deployed to Romania for the last few months..... to protect the eastern frontier...