Prime Minister Florin Citu said on Tuesday that energy prices will not be capped in Romania, insisting that Romania needs energy independence."There is growing public concern over energy prices, especially because the winter season is coming - the payment of energy bills - and so we have to come up with solutions. Of course, the solution to prices cannot come from the prime minister. We have to find the solution together. I can tell you from the outset that the government will not step in to cap prices; that should be very clear," Citu said at the Government House.He pointed out that energy prices have gone up everywhere in the European Union."I am ready to take up this goal, together with you, because it is clear that we need Romania's energy independence. This is what I understood from what happened during this period. An increase in consumption - we had to increase imports and we are dependent on energy prices elsewhere in the European Union. I have noticed that prices in Spain have tripled, but we have the resources to win Romania's energy independence and then we need to increase production capacity; we have some programmes that we are already working on (...) and I take up the goal of achieving Romania's energy independence," added Citu.Citu had a meeting at the Government House with Energy Minister Virgil Popescu, Labour Minister Raluca Turcan, and officials of the National Energy Regulatory Agency (ANRE), Transelectrica electricity transmission corporation, the OPCOM national energy market administrator, the Competition Council and the National Consumer Protection Agency (ANPC).
The Romanian branch of the Austrian major integrator of IT&C solutions Kontron (formerly S&T), Kontron Services Romania, has planned to trigger a collective dismissal process, as a result of which 84 employees out of a total of 258 people will lose their jobs starting on June 13, according to
The Macroeconomic Confidence Indicator compiled by the CFA Romania Society decreased in March by 1.4 points, to 59.4 points on a 0-100 scale, with the 50-point benchmark indicating a balanced state of economy and expectations (or a balanced combination). "Although, in the short term, due to the influx of public money, the confidence in the […]
Romania’s financial intermediation is the lowest in the European Union, but the banks’ financial soundness and profitability are above respective averages; therefore, the banks can boost corporate lending, argued Florin Georgescu, first vice-governor of the National Bank of Romania (BNR). He explained that the banks can manage potential adverse external developments and have enough capital […]
Romania’s government announced that the public deficit increased by 58% y/y to RON 35.9 billion (EUR 7.2 billion/USD 7.7 billion) in Q1, the equivalent of 2.06% of the GDP projected for the whole year. The gap was only 1.42% of GDP in the same period last year. The government seeks to bring the public deficit […]
Romania registered the third lowest employment rate in the EU in 2023, following Italy and Greece, according to recent Eurostat data. Only 69% of Romanians aged between 20 and 64 are employed, meaning nearly one-third of Romanians are not working. Certain factors influence these figures. Romania makes use of a category of special pensions applied […]
Authorities are looking into the case of a Romanian minor who was allegedly sold for RON 8,000 (EUR 1,600) and arrived in Germany with false documents. Romanian authorities were notified by those in Germany regarding the case, but investigations are still ongoing. The minor is currently in the care of the German state. The boy […]
