Prime Minister Marcel Ciolacu declared at the beginning of Thursday's government meeting that Romania's economic growth this year will be 3.4 percent, the second highest in the EU.Ciolacu mentioned that 2024 will be "the year of investments", considering "the record-high" allocation of RON 120 billion for such projects, accounting for over 7 percent of GDP.The prime minister pointed out that the reform of the public service apparatus will be one of his term's priorities, stressing that this is "the most ambitious reform of the public system" in the last 30 years."The reorganization process of the ministries and public institutions is in full swing, and this will result in substantial expense cuts. The saved money will be directed where it is needed, that is to health care and education. 2024 must continue in the same direction," said the prime minister.Marcel Ciolacu also declared that in 2023 Romania had "the highest economic growth in the region, amid very difficult conditions," and referenced the latest forecast of the European Commission, according to which ten EU countries will face economic decline, as 12 member states have "significantly" overshot their deficit targets.
WWF Romania has launched a series of planting initiatives in Bucharest aimed at supporting declining pollinator species, joining forces with local environmental groups to transform urban green spaces into habitats for bees, butterflies, and other beneficial insects. The first intervention took place on November 1 in the 400 sqm garden of the Museum of Maps, […]
Romanian prosecutors conducted searches on Friday, November 7, at the headquarters of the steel mill Liberty Galați and in several counties, in a case of embezzlement and tax evasion that includes Russian gas giant Gazprom, Economedia.ro reported. Specifically,...
Romania has begun testing the US-supplied Merops anti-drone system as part of wider NATO efforts to strengthen air defenses on the alliance’s eastern flank, defense minister Ionuț Moșteanu told local news channel Digi24. The system, already used in...
The Ministry of Development proposed to the government to analyse the opportunity to develop an investment program dedicated to the economic recovery of small towns with a population of under 25,000 in non-metropolitan areas. The financial support for the development of these towns has been so far fragmented, and competition with large cities for funds proved […]
Prime minister Ilie Bolojan said on November 6 that he hopes that the ruling coalition will manage to legislate by the end of this month the rest of the second package of budgetary measures, namely the public administration streamlining law and the law on magistrates' pensions. Unless the law on the public administration is legislated, […]
Japanese group Makita announced that it will reduce production of power tools in China for the US market due to the unpredictability of US tariffs and move this production to factories in Romania and Thailand, according to Nikkei Asia, as reported by Economica.net. The Japanese group reported business of almost EUR 640 million locally...
