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Romania · RomaniaRomania has narrowly avoided a downgrade to “junk” status after S&P Global Ratings reaffirmed the country’s investment-grade rating at ‘BBB-‘, while maintaining a “negative outlook.” The reprieve comes in the wake of newly adopted fiscal and budgetary measures from Prime Minister Ilie Bolojan’s government, decisive steps designed to restore investor confidence and stabilise public finances in the face of unprecedented deficits. The assessment em…See the Story
S&P Maintains Romania’s Credit Rating, But Risks Linger
Coverage: 2 sources
Romania · RomaniaRomanian communist dictator Nicolae Ceausescu drives the first Dacia car
The Renault Group brand has had a rather tumultuous life since it first emerged in the 1960s
As the 1950s dawned, the recently installed communist government of Romania dictated that its population of peasant farmers be sent to work in factories. The industrialisation of the country was rapid – and a decade later, the ruling party decided to add vehicle manufacturing to the…See the Story
The Unlikely Origin Story of Dacia
Coverage: 2 sources
