The dropping level of debt, the increase in foreign investment and the low rate of inflation have renewed the appeal of the Romanian economy to foreign investors.
Drought has lately affected almost all regions of Romania and has caused Romanian farmers damage worth over two billion euros. The Danube river level has also dropped alarmingly, which makes traffic on the river very difficult
Consumption was boosted by the drop in foodstuff prices in the month of July.
The fiscal relaxation measures provided by the new fiscal code are sustainable, says Prime Minister Victor Ponta.
The phenomenon of illegal migration is becoming a problem for the European Union.
After more than two years and a half in which the US diplomatic mission in Bucharest was led by interim officials, the US Senate has approved the nomination of Hans Klemm for the position of ambassador to Romania.
The Danubes water level has dropped dramatically over the past few days due to prolonged drought, making navigation extremely difficult.
The National Bank of Romania keeps the monetary policy interest rate at the current annual level of 1.75%.
Illegal migration has become a problem for Europe
This years severe drought has affected both crops and the navigation on River Danube.
Moldova has a new government, supported by the parties in the Alliance for European Integration
The wave of extreme heat first hit the west of the country, then the northwest, to gradually cover the entire country. The most affected areas these days are the south and the east.
The Romanian government has made its first budget adjustment this year to allocate more money to the labour ministry.
The Fiscal Code bill will be reviewed in a special Parliament session in late August.
Three world records and a national one, concerts, theatre performances, medieval battle re-enactments, archery competitions, dance and minstrel music, were just some of the highlights of the 23rd Medieval Sighisoara Festival.
