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.
A truck belonging to a Moldovan transport company loaded with weapons was detected at the Albita Customs, at the entrance to Romania, on November 20, Europa Libera Romania reported. According to the documents, it was intended for an Israeli beneficiary, but this has not been...
The Constitutional Court of Romania (CCR) will rule on December 10 on the objections expressed by the opposition party AUR against the revised law that includes higher taxes and better tax collection procedures, passed by the Parliament on November 18 in an amended form, such as to incorporate the issues already spotted by the CCR […]
The Social Democrat (PSD) candidate for the Bucharest mayor seat, Daniel Baluta, mayor of District 4 and president of PSD Bucharest organisation, leads with 26.6% of the general voting intentions expressed in the latest poll conducted by Inscop for Informat.ro. He is closely followed by the Liberal (PNL) candidate Ciprian Ciucu, currently mayor of District […]
Cris-Tim Family Holding (BVB: CFH) shares will start trading on the Bucharest Stock Exchange on November 26, following one of the most heavily oversubscribed initial public offerings ever conducted on the local market for retail investors, Ziarul Financiar reported. The listing follows a RON...
Banca Transilvania (BVB: TLV) is preparing to launch a new Additional Tier 1 (AT1) bond issue, denominated in euros, with an indicative coupon of 7.625% (semiannual payment), according to Bloomberg information consulted by Economedia.ro. The instrument is a EUR Benchmark Perpetual...
Banca Comercială Română (BCR, part of Erste Bank Group) raised EUR 500 million through its second Eurobond issue, strengthening its access to international capital markets. The issuance follows a local bond sale earlier this month and forms part of the bank’s broader funding strategy. BCR stated that the transaction secured “one of the most competitive […]
