Romania's budget deficit could increase, this year, up to 5.7%, as a result of the implementation of the law on fiscal-budgetary measures for which the Government pledged responsibility in the Parliament, Prime Minister Marcel Ciolacu declared on Wednesday in Kyiv.He says that the new deficit target could be assumed through a budget rectification that could take place in the next period."When Mr. Citu pushed the deficit from 2.7% to 9.2%, I did not see anyone take a bottle of gasoline to set themselves on fire in any market or on any television because he destroyed this country, making a bigger deficit by 100 billion lei. Moreover, I didn't see anyone set themselves on fire when he took the external debt from 37% to 50%, which meant another 100 billion lei. A prime minister from the PSD came and in three months it is a disaster that we do not close the deficit as assumed by a hypocrite from 4.4% and we hope to close with 5.5% - 5.7%. Suddenly it became an extraordinary problem. Romania is economically stable," said Ciolacu.Referring to the decision of the Constitutional Court of Romania to reject, on Wednesday, the notification of the Save Romania Union (USR) on the draft law on fiscal-budgetary measures, the prime minister accused the USR leaders of hypocrisy. Romania posted the EU's second-highest annual inflation rate and highest among EU member states in Southeast Europe (SEE) in September, at 9.2%, the EU's statistical office said on Wednesday. In comparison, Greece recorded the lowest annual inflation among EU members in SEE last month, at 2.4%, against an EU average of 4.9%, Eurostat said in a data release. In monthly terms, Greece's inflation rate was the highest in the region in September, at 1.9%, whereas consumer prices in the EU overall rose by 0.3% from their level in August. Croatia and Bulgaria, on the other hand, saw monthly declines in their consumer prices, at 0.7% and 0.3%, respectively.
Two castles in Romania's Cluj county, namely the Rákóczi-Bánffy Castle in Gilău and Bánffy Castle in Răscruci, will reopen in the coming weeks and host events dedicated to visitors. Rákóczi-Bánffy Castle in Gilău, one of Transylvania's historical monuments, will reopen its doors after a seven-year renovation process aimed at transforming it into a multifunctional cultural […]
The second edition of the Chicago Romanian Community Summit will take place on May 25, aiming to unite the Romanian community in Chicago. Leaders from various sectors - business, education, culture, and religion - will come together during the event to celebrate their shared heritage and establish a forum for addressing challenges. The summit also […]
In a recent promotional spot, Nicola Coughlan, Claudia Jessie, and Hannah Dodd, all part of the cast for Netflix’s hit show Bridgerton, played a game of True or False, Romanian Romance Edition. The game consisted of saying whether or not a particular superstition was actually true in Romanian folklore or if it was made up. The first […]
The organizers of the Untold and Neversea festivals in Romania announced the start of the 10th edition of their blood donation campaign - Blood Network. Under this initiative, blood donors can get free one-day tickets for the two summer events. This year's Blood Network runs between May 18 and June 30. Music fans can donate […]
Romanian mountaineer Adrian Ahriţculesei reached the summit of Mount Everest, Earth's highest mountain above sea level, after a 12-hour climb. The expedition, which started on April 11, is scheduled to end on May 30. "Ahriţculesei Adrian conquered the Roof of the World. He is on Everest (8,848 m). Next comes the hardest part of this […]
Hesburger, the largest chain of fast food restaurants in Finland and the Baltic countries, has entered the Romanian market with a first restaurant in Râmnicu Vâlcea. A family business with a history of over 50 years, Hesburger currently operates in nine countries and has over 470 restaurants. The company aims to open 10 new locations […]
