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.
The fund Cultura Face Bine, a national funding mechanism for cultural projects backed by private-sector financing, will begin supporting local cultural organizations in 2026. The fund aims to support grassroots cultural initiatives with a proven impact in their communities and which need resources to continue, develop, or transform their activities. The funding mechanism has been […]
The European Commission (EC) announced on Thursday, December 11, that it is referring Romania to the Court of Justice of the European Union (CJEU) for failing to meet obligations under Ambient Air Quality Directives. According to the Commission, Romania has not ensured that its national air quality monitoring network complies with legally required standards on […]
The Bucharest Court of Appeal (CAB) held an unprecedented press conference on Thursday, December 11, in response to allegations raised in a recent media investigation published by Recorder, with court president Liana Arsenie firmly rejecting the claims. However, at the start of the press event, a judge from within the institution publicly stated that the […]
Romania’s Superior Council of Magistracy (CSM) issued its first response to the Recorder documentary alleging systemic manipulation within the justice system, calling the investigation an amplification of a “campaign to destabilize judicial authority.” The council said on Thursday, December 11, that it will evaluate what measures need to be taken following the report. In a […]
MedLife, Romania’s largest private medical services network, announced on Wednesday, December 10, that it reached a market capitalization of EUR 1 billion on the Bucharest Stock Exchange (BVB). The milestone secures its position as “the most valuable healthcare company” in the country. The achievement came nine years after MedLife’s listing on BVB in December 2016, […]