The European Commissionaire for Budget, Valdis Dombrovskis announced on Friday in a press conference that the European executive will not propose the suspension of EU funds for Romania as a recognition of the fiscal measures taken by the Bolojan government to reduce the budget deficit. "We have provided the ECOFIN Council with the European Commission's assessment of effective action for the nine Member States subject to the Excessive Deficit Procedure. For Romania, we have acknowledged the significant fiscal measures adopted over the summer. Therefore, the Commission will not propose, at this stage, the suspension of EU funds under the macroeconomic conditionality procedure," Dombrovskis said, according to a European Commission press release. Romania is subject to the excessive deficit procedure and risks having its European funds suspended if it does not take swift action to reduce the record EU deficit caused by the Ciuca and Ciolacu governments. The first measures taken by the Bolojan government to reduce the deficit included cutting bonuses for public sector employees, increasing VAT by two points, and eliminating many exemptions from paying certain taxes and contributions.
Franck Bagouet has been appointed managing director of TotalEnergies Marketing Romania SA and managing director of Automotive Southeast Europe Hub TotalEnergies Marketing. He succeeds Didier Grimault, who has accepted a new position within the TotalEnergies company. “I am glad to join this dynamic affiliate and confident that, together with our talented team, we will reinforce […]
NEPI Rockcastle NV, Europe’s third largest listed retail real estate company by portfolio value, has appointed Romanian Marius Barbu as Chief Operating Officer (COO) with effect from April 1, 2026. He will succeed Marek Noetzel, current COO and CEO-designate. Barbu has also been nominated as a Board Director and will stand for election at the […]
Alexandru Bologa, Paralympic champion and world leader in the J1 –70 kg category, won the gold medal at the 2025 IBSA Judo Grand Prix for the visually impaired, held in Brazil’s São Paulo. This year, Bologa became world champion, European champion, and winner of several IBSA Grand Prix events. Arriving in Brazil as the world […]
The latest feature film by Romanian director Tudor Giurgiu, 3 Days in September (3 zile în septembrie), has been selected for the Limelight section of the International Film Festival Rotterdam (IFFR), one of the world’s leading film festivals. IFFR, with an average audience of around 275,000 viewers, alongside more than 2,000 film industry professionals from […]
Romania’s interior minister, Cătălin Predoiu, and the director of the Federal Bureau of Investigation (FBI), Kash Patel, decided on Tuesday, December 16, to establish a Task Force aimed at stimulating the exchange of information and data. The exchange is aimed at improving the fight against organized crime, illegal migration, cyber threats, and illegal activities carried […]
Around 40% of Romanians living abroad want to invest in Romania, according to a new survey conducted by RePatriot, highlighting a significant potential for economic development driven by the diaspora. The research, carried out in October–November 2025 among Romanians from more than 20 countries, showed that interest in investing in the home country remains high […]
