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.
East Grain Group and Poultry Investment SA have acquired the 45% stake previously held by UBM Group in UBM Feed Romania, thus becoming equal shareholders in one of Romania's largest feed producers, which will now operate under the brand Protena. East Grain is controlled by Czech agri-food group Agrofert, one of the largest agribusiness groups […]
The Foreign Investors Council (FIC) has appointed Ruxandra Băndilă as its executive director. Băndilă will coordinate FIC's activity and "will contribute to strengthening the dialogue with authorities, consolidating the organization's positioning as a reliable partner in promoting a stable and predictable business environment, as well as supporting Romania's becoming a competitive and attractive destination for […]
Romania’s European projects and investments minister, Dragoș Pîslaru, announced that he will notify the European Public Prosecutor’s Office (EPPO) regarding the purchase of electric minibuses for students with EU funds. The minister said that “multiple dysfunctions” were noted in how the EU funds were used in the project. Aside from notifying the EPPO, the minister […]
Only about 44% of employees in Romania say they have used AI in the past year, while the average usage rate in the 48 countries included in the report was 57%, according to the PwC Workforce Hopes and Fears Survey 2025 report. India and Vietnam are at the top, with 84%, followed by China (78%). […]
A new four-star hotel is set to rise next to Bucharest’s Henri Coandă International Airport, following a EUR 45.5 million investment announced by real estate developer D. GROUP. The Wyndham Garden Bucharest Airport Hotel, scheduled to open in July 2027, will introduce the Wyndham Garden brand to Romania for the first time. Located 150 metres […]
Romania ranks 3rd in a European heatwave vulnerability ranking and will experience 3 heatwave events annually, lasting 17 cumulative days with average temperatures of 36.82°C, placing it ahead of all Mediterranean countries, according to new research from climate system experts at Reinders Corporation. The study analysed climate modelling data, heatwave frequency, and average temperatures across […]
