The budget deficit for 2024 is likely to significantly exceed the 2023 deficit, with major risks to the budgetary consolidation process, warns the Fiscal Council in a preliminary opinion on the draft laws on the state budget and the state social security budget and on the Fiscal Budget Strategy for 2024-2026.The Fiscal Council received a first set of documents on the three draft laws from the Ministry of Finance on 9 December, with a new set of drafts to be sent to the institution in the afternoon of 13 December. Under these circumstances, the Fiscal Council states that it was unable to review the extended opinion, so it decided to issue a preliminary opinion."The budget deficit in 2023, according to the documents submitted by the Ministry of Finance, is 5.9% of GDP in the cash methodology and 6.0% of GDP in the European/ESA methodology," the preliminary opinion of the FC reads.The state budget for next year is based on an economic growth of 3.4% and a budget deficit of 5% of GDP.
Timișoara will host the first football-themed film festival in Romania and Eastern Europe this November, marking a unique cultural initiative at the intersection of sport, cinema, and community identity, Agerpres reported. Organized by the Druckeria Supporters’ Association, the inaugural edition of the Timișoara...
The well-being of children in many of the world’s richest countries, including Romania, has deteriorated significantly since the COVID-19 pandemic, according to a new analysis released by UNICEF Innocenti – Global Office of Research and Foresight. The top three countries are the Netherlands, Denmark, and France, while Romania is at number 16 in the report, […]
Marius Lulea, vice president of the far-right Alliance for the Union of Romanians (AUR), publicly praised former Communist dictator Nicolae Ceaușescu, drawing condemnation from historians and legal experts for promoting a convicted criminal against humanity,
The Party of European Socialists (PES) and the Socialists and Democrats group in the European Parliament (S&D) stated on May 12 their firm position...
Romanian tissue and sanitary paper products producer Elfi announced investments of EUR 10 million in 2025 to expand production capacity. The project involves the construction of a new production hall and the installation of a state-of-the-art production line, which will allow the company to operate three production lines and double its current capacity. In 2024, […]
With the investment fund Accession Capital Partners and the private equity fund Invenio Partners as majority shareholders since the end of 2024, the Romanian coffee chop chain 5 to go targets the Southeastern European market, according to Profit.ro and
