Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. FinMin: Romania risks losing 75 billion euros if...

FinMin: Romania risks losing 75 billion euros if necessary measures to reduce budget deficit are not taken

October 19, 2023

Romania risks losing 75 billion euros if it does not implement the package of measures to reduce the budget deficit, 46 billion euros from the Cohesion Policy and 29.3 billion euros from the National Recovery and Resilience Plan (PNRR), said on Wednesday evening, the minister of Finance, Marcel Bolos, in a press briefing at Victoria Palace.He presented the draft law on some fiscal and budgetary measures, for which the Government will assume responsibility, and which was analyzed in the first reading during the Government meeting."So, we are discussing the future of Romania. 75 billion euros that we cannot afford to have suspended because with this money Romania builds its highways, with this money Romania builds its railway infrastructure, with this money we modernize the schools, with this money we are modernizing hospitals, with this money the modernization at the level of local communities is decisive, including for what it means for the comfort that public services bring, including for water supply, sewage to what it means for rehabilitation and energy efficiency that we all benefit from. All this is as important as oxygen for our country and that is why it is a time when all the decision makers and the whole political scene and all the political decision makers must have the wisdom to take the necessary steps to get out of this impasse, which is with a major impact on the modernization of Romania," the minister said.  

Read in full - click here
Program dedicated to young entrepreneurs in Romania launches in Timișoara

TEKUNI, a program dedicated to students and young entrepreneurs, was launched in Timișoara through a pilot project, with a future goal of nationwide expansion. The program offers a complete training path, structured into 7 modules that cover all stages of building a startup: from idea validation and MVP development to branding, marketing, legislation, finance, leadership, […]

Un Week-end à l'Est: Paris festival spotlights Bucharest, Romanian culture

The Romanian capital will be in the spotlight at the festival Un Week-end à l'Est, which runs in Paris until December 1. The event, which aims to present the artistic, literary, and intellectual richness of an Eastern European city, has previously focused on Warsaw, Odessa, Kyiv, Sofia, or Budapest. At its ninth edition, it is […]

Romanian tax agency ANAF sues former president Klaus Iohannis over Sibiu house

Romanian tax agency ANAF has sued former president Klaus Iohannis in order to recover the loss of use of half of a property in the center of Sibiu. “The action represents a continuation of the steps that ANAF has taken for the recognition of the state’s ownership right and the recovery of compensation determined by […]

Romania to face Turkey in World Cup play-off semi-final in March 2026

Romania will face Turkey in the semi-final of the World Cup qualifying play-offs, with the match scheduled to take place away from home on March 26 next year, Biziday.ro reported. A win would send the national team into the play-off final on March 31, where it would meet the winner of the Slovakia–Kosovo match.  Romania […]

Weekend calendar: Gingerbread fair, RomanIa exhibition in Bucharest, Cluj Christmas market, concerts and more

An exhibition showcasing various depictions of the traditional Romanian blouse ia, including Henri Matisse’s iconic La Blouse Roumaine, is opening this weekend in Bucharest, while Cluj is entering festive mode with...

Mercenary Horațiu Potra reportedly brought back to Romania to face investigation

Mercenary Horațiu Potra, who faces charges of attempting to undermine constitutional order in Romania, is being flown back to Bucharest under police escort after authorities in the United Arab Emirates approved his extradition,