Keeping up macroeconomic stability, a sustained pace of investment and the continuation of reforms are the Romanian government's objectives for 2025, Prime Minister Marcel Ciolacu said on Friday at a meeting at the Government House with a delegation of the International Monetary Fund"The budget recently approved in Parliament includes the largest volume allocated so far to investment, namely 7.8% of the Gross Domestic Product. We will prioritise public projects, so that those at an advanced stage of implementation receive the necessary funding to be completed at a fast pace. Another line of action is to support projects carried out on European funds, for which we have allocated budgetary resources. We capitalise on this window of opportunity that Romania has both for the dynamics of investment and for the implementation of the reforms undertaken under the National Recovery and Resilience Plan (PNRR) and convergent with our objective of joining the Organisation for Economic Cooperation and Development (OECD) in 2026," Ciolacu is quoted as saying in a press statement.According to Ciolacu, the government will continue to act to support the private sector through measures aimed at the food industry, construction, encouraging industrial growth, as well as investment in energy and infrastructure.During the consultations, he pointed to the government's commitment to fitting into the government deficit of 7% of GDP this year and to continuing the downward trend in the coming years under a taxation plan agreed upon with the European Commission.Ciolacu also mentioned educing public staff expenses and restructuring the budgetary apparatus and administrative-territorial reorganization as among the governmental priorities for the coming period. He also mentioned the measures to improve the collection of public revenues, by expanding digital transformation.The meeting with the IMF is part of the government's series of consultations with international financial partners and the business community, with Ciolacu having this week meetings with the World Bank and representatives of several international investment funds. (Photo:https://gov.ro/)
Romania's iconic rock singer Adrian Pleșca, known as “Artan,” died on Tuesday, December 2, after a fatal stroke, at the age of 64. The artist founded the well-known band “Timpuri Noi” in 1982 and “Partizan” in 2001, and was popular on the Romanian rock scene. Over the years, he left and returned to the two bands. Several […]
Elon Musk's mother, Maye Musk, re-shared a post about the Craiova Christmas Market on X on Monday, December 1. She described the event as "beautiful" and included three emojis in her caption. The original post highlighted that the Craiova Christmas Market was taking place in a safe environment. "No concrete barriers. No armed guards. No […]
Real estate developer Globalworth has begun construction on Green Court D, the fourth building in its Green Court office complex in Bucharest’s Aurel Vlaicu area. Scheduled for completion in 2027, the project is now in its preliminary phase, which includes enclosure works and excavation for the basement structure, the company said. The new building will […]
Romania’s National Committee for Emergency Situations decided to distribute drinking water from the state reserves to 13 localities in the counties of Prahova and Dâmboviţa. The area was severely impacted by a drop in water levels at the Paltinu Dam, leading to problems in the water distribution system and affecting over 100,000 people, local hospitals, […]
Rock star Marilyn Manson will return to Romania next summer to perform at Rockstadt Extreme Fest, organizers announced on Tuesday, December 2. He is among the headliners confirmed for the local rock and metal festival, which will take place from July 27 to 31 in Ghimbav, Brașov county. “For the first time ever, Marilyn Manson […]
Romania’s government has assumed responsibility in Parliament for legislation reforming magistrates’ pensions, prime minister Ilie Bolojan announced on December 2. He said the draft law had received the opinion of the High Court of Cassation and Justice, noting that the court’s assessment was negative. It is the government’s second attempt to have the bill promulgated, […]
