Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. FinMin Teodorovici: We are trying to come to...

FinMin Teodorovici: We are trying to come to Government with draft budget rectification next week

November 15, 2018

The draft budget rectification could be discussed next week by the Government, Finance Minister Eugen Teodorovici announced on Thursday. “We are trying to come to the Government with the draft budget rectification next week,” Teodorovici said at the Victoria Palace. The finance minister said there were requests from some institutions to supplement the budget. Asked if there were talks on the budget rectification with the Presidential Administration as well, Teodorovici said: “The Finance Ministry had discussions with all the major public institutions that have been subject to the rectification and asked for some additional sums to their allocation. (…) Discussions also took place with the Presidential Administration and I repeat, in principle, where justified, where there are invoices received or about to be received by the end of the year, we will leave the related amounts to be paid, otherwise we will be overloaded and no saving is done this way, because next year the invoices, registered this year and paid next year, will still be accounted for based on the ESA methodology, let’s say, as a deficit this year. Finance Minister Teodorovici added that also next week the Government may discuss the decision on a differentiated minimum wage.

The post FinMin Teodorovici: We are trying to come to Government with draft budget rectification next week appeared first on Nine O' Clock.

Read in full - click here
Romanian startup .lumen attracts new investment from EIT Urban Mobility to scale AI glasses for the blind

Romanian deep-tech startup .lumen, the developer of what it says are the world’s first AI-powered glasses for the blind, has secured a new investment from EIT Urban Mobility, the European innovation community focused on advancing sustainable and inclusive urban mobility solutions. The value of the new funding round was not disclosed. The investment aligns with […]

Report: Health spending per capita in Romania, lowest in the EU

The health spending per capita in Romania was the lowest in the EU, with spending less than half the EU average in 2023, the recently released report, State of Health in the EU - Romania Country Health Profile 2025, shows. At the same time, life expectancy in Romania is 5.1 years below the EU average, […]

Romania’s annual inflation rate holds steady at 9.8% in November

Romania’s annual inflation rate stood at roughly 9.8% in November 2025, similar to October, according to data published by the National Institute of Statistics (INS). Food prices increased by 7.6% last month, while services rose roughly 11% and non-food goods climbed 10.7%. The consumer price index rose by 0.42% in November compared with October, while […]

French soldiers save truck driver after serious accident on Romania’s A3 motorway

Three French soldiers deployed in Romania as part of NATO’s Multinational Battle Group at Cincu intervened to save a truck driver following a serious traffic accident on the A3 Bucharest–Ploiești motorway, the Romanian Ministry of Defense said. The incident occurred earlier this week as the soldiers were traveling toward Ploiești and witnessed the truck crash...

Smallest Art Fair in Town: Bucharest event focused on works on paper holds third edition

Eight contemporary art galleries will present the works of the artists they represent at the third edition of the Smallest Art Fair in Town, an event dedicated to works on paper. This edition showcases works “investigating the state of wandering, disorientation, and rediscovery in the face of uncertainty.” Under the title In Dark Woods, A […]

The Skills That Matter Most: How Emory University’s Cutting-Edge Curriculum Is Shaping the Future of Education and Why Verita Brought It to Romania

Parents everywhere are asking an important question: What skills will truly prepare a child for a world defined by rapid change, global uncertainty, and the rise of artificial intelligence? For decades, schools focused entirely on academics. Today, research from neuroscience, performance psychology, and leading universities shows a different reality: The students who thrive long-term are […]