The budget deficit stood at 2.95% of GDP after the first four months of 2025, compared with 3.25% of GDP in the same period last year, according to data released Tuesday by the Ministry of Finance."The execution of the consolidated general budget in the first four months of 2025 ended with a deficit of RON 55.97 billion, or 2.95% of GDP compared to the deficit of RON 57.29 billion, or 3.25% of GDP for the first four months of 2024," the document published by the Ministry of Finance said.After the first three months of 2025, the budget deficit amounted to 2.28% of GDP, or RON 43.66 billion.According to the ministry, total revenues amounted to RON 199.92 billion in the first four months of 2025, registering an increase of 9.4% (y/y), while expenditures, amounting to RON 255.89 billion, increased in nominal terms by 3.7%, compared to the same period of the previous year.The budget for the current year is based on economic growth of 2.5% and a budget deficit of 7% of GDP.
The Dutch government expects to reimburse Romania for the golden helmet of Coțofenești and the three gold bracelets stolen from the Drents Museum in Assen in January of this year. The value of the reimbursement stands at around EUR 5.7 million, and the reimbursement was confirmed by the Dutch Ministry of Education, Culture and Science for […]
The fifth edition of the Jazz Cave Festival will take place in Vâlcea County, southern Romania, between August 14 and 17, bringing over 22 bands from Europe, Africa, and South America to perform on four stages. This year, the event will be held in three concept-zones. The underground stages INNERLAND and KIDS CORNER, the latter […]
Local authorities in Târgovişte, southern Romania, inaugurated the restored building of the former Cavalry School at the end of last week. The building is also where the trial and execution of the former communist leader Nicoale Ceaușescu and his wife took place in December 1989. Built between 1907–1910 in Neo-Romanian style, the former Cavalry School […]
A new national poll conducted by INSCOP Research between May 26–30 shows newly elected president Nicușor Dan leading the trust rankings among Romanian political figures, followed by former interim president Ilie Bolojan and far-right leader George Simion (AUR). According to the survey, 47% of respondents...
Dorin Bob, a Romanian entrepreneur from Transylvania with ventures in agriculture and real estate, has secured EUR 4.6 million in European funding to expand and modernize one of Romania’s largest hazelnut plantations. The funds will support the development of new hazelnut orchards in Satu Mare county, the conversion of an existing orchard, the installation of […]
Last week, the Bihor County Council approved the technical and economic indicators for the development of the Oradea metropolitan tram-train network, meant to offer an alternative public transport for residents of the metropolitan area. The project involves creating a metropolitan train network by modernizing disused railway lines. The new network will connect the city of […]
