The European Commission is giving the greenlight to Romania's National Plan for Recovery and Resilience, said the President of the European Commission, Ursula von der Leyen, during a joint press conference with President Klaus Iohannis and Prime Minister Florin Citu.Today, the European Commission is giving the greenlight to Romania's National Recovery and Resilience Plan. This is following a meticulous evaluation and a very good cooperation and I want to congratulate you for this and thank you for your cooperation, said the head of the Community executive.She added that Romania's Plan answered some "very rigurous criteria"."I really commend you for working on the minimum inclusion income, very important here too support the most vulnerable people and the low income households, and if I look at the whole set of reforms, I see that you are also reforming your education system. The next generation definitely deserves it," said Ursula von der Leyen.She said the approval granted on Monday represents an "important milestone"."By no means is this the end of the journey, and in some sense the hard work begins now. Now it is about implementing and delivering the Plan," said the senior official, who added that she will stand with the Romanian authorities every single step, ensuring that money is used in line with has been agreed."I want to emphasize how grateful I am that we had an excellent cooperation over the last weeks and months. It was a tough piece of work to get this Plan going. Like with any other member states' [plans, ed.n.], there is a lot of innovation in it, there is a lot of new topics in it and it is hard work, really, to match reform with investment and the milestones we have a greed on to deliver", the president of the European Commission added.She spoke, in relation to the Romanian authorities responsible for Romania's National Recovery and Resilience Plan, of "excellent working conditions" and "trust"."We have gone through ups and downs in developing the Plan and we know exactly what is necessary. Now, looking forward, there is a reason that there are targets and milestones, in every Plan, so also in the Romanian one that have to be met for the next tranche to be disbursed," said Ursula von der Leyen. Thus, she spoke of a control system that ensures that "EU taxpayers' money is invested in the right sense."
The European Parliament called on November 26 for EU-wide rules to strengthen the protection of minors online, recommending a minimum age of sixteen for accessing social networks, video-sharing platforms, and AI chatbots, according to a statement from the institution,
The government of Romania will be empowered to establish, ex officio or upon request, by Government Decision, an extended surveillance regime over local companies strongly affected by economic sanctions imposed by other states, according to the legislative project prepared by the government, given that the situation of the assets held by the Russian giant Lukoil […]
The European Commission (EC) will reportedly give Romania four more months to appoint permanent management under competitive procedures at 48 state-owned enterprises (SOEs) in the energy sector, after the Romanian government agreed to double the fine paid by the country and the penalties charged to those responsible (ministers) if the milestone set under the Resilience […]
The Romanian banks boasted in 2025 virtually the same record aggregated net profit as in 2024, namely RON 11.6 billion (EUR 2.3 billion, -0.6% y/y) in January-September and RON 6.2 billion (EUR 828 million, -0.3% y/y) in Q3 alone, according to data published by the National Bank of Romania. The non-performing loan (NPL) ratio has […]
The Romanian Parliament approved the National Defense Strategy on Wednesday, November 26, with 314 votes in favor, 43 against, and three abstentions, following a joint session attended by president Nicușor Dan. The document will guide national security policy for the 2025-2030 period. During the parliamentary debate, Ana Maria Gavrilă, leader of the opposition party POT, […]
Romania celebrates its National Day this long weekend, when December 1 is a public holiday, as is St Andrew’s Day. At the same time, several Christmas markets are opening in Bucharest, Brașov, and Timișoara.
