The ministers of the Ciolacu Cabinet were sworn in on Monday evening before of President Klaus Iohannis, during a ceremony held at the Cotroceni Presidential Palace. The senators and deputies gave their vote of confidence to the Government led by Marcel Ciolacu, on Monday, in a joint session.240 votes "for" and 143 votes "against" were registered, announced PSD deputy Daniel Suciu, who presented the minutes on the result of the vote.450 parliamentarians were present, with 383 votes cast.The executive is made up of the prime minister, 16 ministries, eight led by the Social Democratic Party (PSD), six by the National Liberal Party (PNL), and two by the Democratic Union of Hungarians in Romania (UDMR). The government has three deputy prime minister positions, one of which is allocated to PSD - a deputy prime minister without portfolio, and the other two, with portfolios, to PNL and UDMR.The government begins its mandate as of the date of the oath of office.The composition of the new executive is as follows:* Prime Minister - Marcel Ciolacu* Deputy Prime Minister - Marian Neacsu* Deputy Prime Minister, Minister of Internal Affairs - Catalin Predoiu* Deputy Prime Minister, Minister of Finance - Tanczos Barna* Minister of Transport and Infrastructure - Sorin Grindeanu* Minister of Justice - Radu Marinescu* Minister of National Defence - Angel Tilvar* Minister of Economy, Digitisation, Entrepreneurship, and Tourism - Bogdan-Gruia Ivan* Minister of Health - Alexandru Rafila* Minister of Development, Public Works and Administration - Attila Cseke* Minister of Agriculture and Rural Development - Florin Barbu* Minister of Labour, Family, Youth, and Social Solidarity - Simona Bucura-Oprescu* Minister of Culture - Natalia Intotero* Minister of Education and Research - Daniel David* Minister of Foreign Affairs - Emil Hurezeanu* Minister of Investments and European Projects - Marcel Bolos* Minister of Energy - Sebastian Burduja* Minister of Environment, Waters, and Forests - Mircea Fechet. (Photo:https://www.presidency.ro/)
Romania is nearing the conclusion of a "huge USD 30 billion" investment agreement with the United States covering nuclear, hydro, natural gas, and artificial intelligence-based technologies, energy minister Bogdan Ivan announced last week, according to Ziare.com and
Romania’s minister of economy Radu Miruță said on November 3 that a share of the funds allocated to the country under the European Commission’s Security Action For Europe (SAFE) programme could be used to revitalise the Mangalia shipyard and strengthen the country’s defence and transport infrastructure,
Spanish company Telefónica is considering the acquisition of Digi Communications (BVB: DIGI) of Romania, active at home but also on the markets of Italy and Spain, in a deal that could significantly change the European telecommunications market, according to Ziarul Financiar, citing Spanish publications...
A still significant share of the foreign investors in Romania surveyed by the Foreign Investors Council (FIC), namely 40%, expect their markets to expand, while 47% expect stagnation, leaving a small share of investors undecided or pessimistic. The expectations for external demand are below average, with only 29% of those surveyed expecting higher exports and […]
The volume of fast-moving consumer goods rose by 1.1% y/y in Romania in the third quarter of the year, slowing down from 3.6% y/y in Q2 and 5.0% y/y in Q1, according to NielsenIQ’s report NIQ Consumer Outlook mid-2025, cited by Revistabiz.ro. The prices have increased by 3.5% y/y, accelerating only slightly from 3.3%-3.4% y/y […]
The discussions on the 2026 public budget will begin towards the end of November, after the November 13 session of the Economic and Financial Affairs Council (EcoFin) that will include "a first review under the Excessive Deficit Procedure (EDP)" for Romania and the endorsement of the revised PNRR, finance minister Alexandru Nazare announced, according to
