Romania's Defense Council on Monday approved the draft Government Decision green-lighting the first stage of the privatization of national railway company CFR Marfa and mandating the Transport Ministry to sell more than 50% of its stock.
A majority of Romanians support reducing public expenditures as a way to curb the national budget deficit, according to a new poll conducted by INSCOP Research and published by Informat.ro on June 4. The survey found that 58.4% of respondents would totally agree with reducing state operating expenses unrelated to public sector salaries, while a further 18.8% […]
The Cluj-Napoca Court of Appeal decided on June 4 to suspend the environmental agreement for the Hidroelectrica's (BVB: H2O) Răstolița hydropower plant project, which is already over 90% completed and scheduled to be put into operation in November this year, the minister of energy, Sebastian Burduja announced. The decision is not final. "It is not […]
The Romanian Senate has adopted a legislative proposal that allows the beginning of construction works on the Tarnița-Lăpuștești pumped hydroelectric power plant without the need for a new feasibility study after years of delays, according to Cluj24. The Senate adopted, in its June 2 meeting, the legislative...
Romania will borrow again from external markets through large bond issues only after a new government is installed and announces the fiscal measures needed to correct the deficit and give investors confidence in Romania's debt, Treasury head Stefan Nanu told Bloomberg, according to
The working group, with a focus on budget, formed by the political parties that plan to emerge as the ruling majority in Romania, has reportedly come up with a series of measures aimed at addressing fiscal slippage, predominantly including tax hikes, according to Ziarul Financiar. It is a short list, yet not final...
The European Commission concluded that Romania failed to comply with the national medium-term fiscal-structural plan agreed upon by both sides on November 21, 2024, and initiated the process that may lead to disciplinary measures such as the suspension of funds under the Cohesion and Resilience Facility on July 8. Technically, Romania must come...
