Romania will receive a 100 million euro loan from the World Bank (International Bank for Reconstruction and Development - IBRD) to improve judicial services, according to the agreement ratified by law on Wednesday by President Klaus Iohannis.According to the Agreement, the Ministry of Justice is designated as the implementing agency and as such is delegated full authority and responsibility for the implementation of the Project on Strengthening the Basis for Improving the Delivery of Judicial Services.Thus, the Ministry of Finance will enter into a subsidiary agreement with the Ministry of Justice, setting out the rights and obligations of the parties in the implementation of the Project and the application of the Loan Agreement.Romania's contribution to the financing of the Project shall be provided from the State budget, through the budget of the Ministry of Justice, within the limit of the equivalent in lei of the amount of 34 million euro, which includes expenses for services and compensation related to the expropriation procedure under the law on expropriation for public utility, necessary for the realisation of objectives of national, county and local interest, with subsequent amendments and additions, and the salaries of the staff of the Directorate for the implementation of projects financed from external loans within the Ministry of Justice.Payment of public debt service on the loan, repayment of principal, payment of interest, commissions and other costs related to the loan, shall be provided in accordance with the legislation in force on public debt, through the mechanism related to repayable financing contracted by the Government of Romania, through the Ministry of Finance, in order to finance the state budget deficit, refinancing and early repayment of government public debt.
Digitail, a provider of AI-powered practice management software for veterinary clinics, has raised USD 23 million in a series B funding led by Five Elms Capital. Existing investors Atomico, Partech, Byfounders, Gradient, and others also participated. This brings the company's total investment to over USD 37 million. The investment will enable Digitail to accelerate product […]
President Nicușor Dan intervened in the conflict sparked between recently-appointed deputy prime minister Oana Gheorghiu and the Superior Council of Magistracy, or CSM. The latter filed a criminal complaint against the former, after Gheorghiu stated that the magistrates’ pensions have to be cut. Specifically, Oana Gheorghiu stated during an interview on Digi24 that she understands […]
Romania’s former head of the Environmental Guard, Octavian Berceanu, has claimed he was offered a EUR 10 million bribe to intervene in a defense-related commercial deal, he revealed in an interview with Europa FM. According to Berceanu, the offer came...
Romania’s automobile output declined by 2.7% year-on-year in the first ten months of 2025 to 453,955 units, according to data published by the Romanian Automobile Manufacturers Association (ACAROM). Of the total, 245,765 cars were produced at Automobile Dacia’s Mioveni plant, marking a 5% decrease compared to the same period in 2024. Production at Ford Otosan’s […]
The Government intends to submit a new disbursement request for an amount exceeding EUR 2.5 billion in grants under the Resilience Facility by the end of November, prime minister Ilie Bolojan announced in a Facebook post, as cited by G4media...
Romania’s trade in goods posted a EUR 7.75 billion deficit in Q3, 7.6% smaller compared to the same period in 2024, according to data published by the statistics office INS. The trade gap expanded by 10.9% year-over-year (y/y) to EUR 16.7 billion in H1. It is still premature to conclude that fiscal consolidation has a […]
