Romania’s contribution to the budget of the European Union will be in 2022 of 12.878 billion lei, and in 2023 it will increase to 13.126 billion lei and in 2024 to 13.376 billion lei, according to the project regarding the Fiscal Budget Strategy for the period 2022 – 2024, published on Sunday on the site of the Ministry of Finances.‘These sums can suffer amendments, due to the technical adjustments of the indicators established in the reunion ACOR- Estimates, at the moment the new macro-economic indicators are estimated by the European Commission and other influences on the domestic and international market’ MF says.According to the commitments taken through the Treaty for accession to the EU, Romania, as a member state, takes part in financing the EU budget according to the unitary community rules which are directly applicable since the accession date. Thus, starting with 1st January 2007, Romania has ensured the payment of its contribution for the financing of the EU budget in the system of own resources of the community budget.At the same time, Romania is going to contribute to the European Fund for development with the sum of 100,189 million lei and in 2023 with 74,456 million lei and in 2024 with 64,684 million lei.According to law no.16/2008, Romania accessed the Agreement, signed in Luxembourg on 25th June 2005, for the amendment of the Agreement for partnership with the members of the group of the states in Africa, the Caribbean and the Pacific (ACP), on the one hand and the European Community and the member states on the other signed in Cotonou on 23rd June 2000. In this context, Romania has contributed to the 11th European Fund for Development (FED 11).
Former US first lady Michelle Obama, the wife of Barack Obama, was in Bucharest on Thursday, September 18, to serve as the main guest at the second edition of the Impact Bucharest series of conferences. The former first lady spent about an hour in front of a large audience, speaking about her childhood in a […]
Czech president Petr Pavel spent a few days in Romania at the beginning of September while on holiday. According to statement by the Romanian Embassy in Prague, the Czech leader traveled mountain routes by motorcycle and chose modest accommodations. Pavel tried to see as much of what Romania had to offer. He planned his routes, […]
Romania is taking tangible action toward its green transition through sustainable infrastructure projects, public‑private partnerships and green bonds. Experts, government officials and business leaders have gathered today at the CES Bucharest ESG Conference, to present progress and identify solutions through which the public and private sectors can collaborate to build a sustainable and competitive economy. […]
Prime minister Ilie Bolojan announced that he will visit Brussels next week to talk to three European commissioners about deficits, defense, and EU financing. The first meeting will be with the commissioner for economy, Valdis Dombrovskis, as Romania “must adjust the issues related to deficits to be a trustworthy country, so as not to continue […]
A large majority of Romanians, namely 85%, have heard of celebrated composer George Enescu, according to the third edition of the Informat.ro – INSCOP Research Barometer conducted earlier this month. However, the survey shows a slight decline in cultural awareness compared to 2013, particularly among younger generations. The
The volume of trade between Romania and China was almost USD 9.3 billion in 2024, according to official statistics. Trade between the two, however, is not balanced. Romania registered a USD 7.7 billion deficit with China, and a USD 2.1 billion deficit in the first quarter of 2025 as well. The People’s Republic of China […]
