“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.
Romania’s Superior Council of Magistracy (CSM) issued its first response to the Recorder documentary alleging systemic manipulation within the justice system, calling the investigation an amplification of a “campaign to destabilize judicial authority.” The council said on Thursday, December 11, that it will evaluate what measures need to be taken following the report. In a […]
MedLife, Romania’s largest private medical services network, announced on Wednesday, December 10, that it reached a market capitalization of EUR 1 billion on the Bucharest Stock Exchange (BVB). The milestone secures its position as “the most valuable healthcare company” in the country. The achievement came nine years after MedLife’s listing on BVB in December 2016, […]
The Buzău Land UNESCO Global Geopark in Romania has become a “living laboratory” this week as a team of American researchers arrived to study microorganisms capable of surviving in extreme environments. The scientists, part of the interdisciplinary research organisation The Two Frontiers Project, are examining methane seeps, sulfur and petroleum springs, saline sources, and other […]
A moose has been unexpectedly spotted in the Hunedoara county area, specialists from the conservation group Rewilding Romania announced on Wednesday, December 10, sharing footage of the animal on social media. The sighting is considered “an important discovery for Romania’s wildlife,” though experts caution that it remains unclear how the animal reached this region. According […]
Trade unionists will continue to require the Presidential Administration to mediate the conflict with the government on issues such as the minimum wage or the collective labour agreement, said Bogdan Hossu, president of the Cartel Alfa trade union confederation, as reported by
Prime minister Ilie Bolojan said on Wednesday, December 10, that Romania’s state budget for 2026 will be adopted only at the end of January, citing the need for Parliament to first approve legislation required to ensure predictability and compliance with the country’s deficit targets. His comments came as the government has been working to align […]
