“Romania needs a leaner, more efficient state. That is why we have already taken the first steps: we have limited the state’s operating costs and we will prepare the first version of the budget by the end of January”, says Finance Minister Tanczos Barna in an interview with Radio Kossuth and taken over by maszol.ro. The minister specified that the first version of the budget will be available by January 27, which he will present to the coalition and the Government, following which the parliamentary procedure will begin. According to the minister, joining the Schengen area will significantly reduce the costs of imports and exports, which is particularly beneficial for companies active in the automotive industry and trade. “Of course, we are not happy that imports are increasing, as Romania has large deficits in the foreign trade balance, but the opportunities have now expanded significantly,” he added. Barna Tánczos stressed that the stable reserves of the National Bank and the wage increases of the past period are further strengthening the economy: “Stability cannot be questioned. Our gold and foreign exchange reserves are at record levels. This proves that we are moving in the right direction and that we have the tools to face the challenges”, said the deputy prime minister. Regarding the presidential candidate, Tanczos admits that there is not full harmony within the ranks of the social democratic and liberal parties, and Crin Antonescu is not fully supported. “But the coalition has no other alternative at this moment. Time is very short and the challenge is very big”, he said on Kossuth radio. The situation is serious, the advance of extremist and anti-EU forces threatens democracy, the FinMin also states. “It is a difficult decision, because a quasi-independent candidate should be supported. Although he was once the chairman of the Liberal Party, he worked with the social democrats. Then there was the grand social democrat-liberal coalition, with which they achieved a record result and won the elections together. A strange situation has arisen, and regardless of this, I think that a decision must be made urgently, and the elections must be organized at the end of March, beginning of April,” Barna Tánczos said.
Romanians purchased RON 1.49 billion (nearly EUR 300 million) under the last Fidelis issue this year, organised by the Treasury in December, with over two-thirds of the money being placed in euro-denominated debt and more than one-third of the total being placed in long-term 10-year euro-denominated debt with a 6.2% coupon attached, according to data […]
Environment minister Diana Buzoianu announced that the ministry she leads has launched the procedures for a feasibility study aimed at planting 380 hectares of forest shelterbelts in southern Romania, a region increasingly affected by desertification. According to the announcement, the project would result in more than 126 kilometers of tree lines planted along national roads. […]
Romanian president Nicușor Dan said Russia will remain a security threat to Europe even if the war in Ukraine ends in a peace agreement. Speaking after the Eastern Flank Summit in Helsinki, he stressed that European countries must stay calm but strengthen their defense capabilities through increased investment and closer coordination within NATO and the […]
Harta Literară (The Literary Map), a project highlighting real-world places featured in fiction works, will expand next year from Bucharest to Braşov and Iaşi after receiving funding from Romania's National Culture Fund (AFCN). Bucharest was the first city covered by the map, with more than 300 documented places, and 600 highlighted connections to classic and […]
As global competition for university places continues to rise, families are increasingly seeking schools that not only deliver strong academics but also provide the networks, counselling, and preparation needed for the world’s most selective universities. Through its partnership with Dukes Education, Verita International School has become one of Romania’s strongest pathways to top global universities, […]
Exim Banca Românească continues the savings campaign under which it pays attractive interest rates, above the market average, for new deposits in lei and euro, over 7 months: interest rates of up to 7.20% per year for lei and 2.50% per year for euro. The offer is available both for the PLUS deposit in lei, […]
