The Romanian government should consider not liberalising the natural gas prices in April 2026, because the central bank is struggling with inflationary expectations that could get out of control, says chairman of the Fiscal Council, academician Daniel Daianu."The budget deficit keeps monetary policy hostage or prisoner. The level of the monetary policy rate in Romania at 6.5% - similar only to Hungary's - is very high and many wonder why it is so high. It is very high because you have a very large budget deficit and you have an extraordinary inflation. And now we also have this spike caused by the package of measures, which was inevitable. Nor can it quickly lower the monetary policy rate. I think it would make sense, for example, to consider liberalising the natural gas prices in April 2026, because the central bank is struggling with inflationary expectations that could get out of control. Therefore, when inflation consolidates on a clear downward trend and the budget implementation in 2026 will show that deficit target that is close to 6%, to be clear that we have a budget implementation according to this forecast, it will also be possible to lower the monetary policy rate. It cannot be lowered now," Daianu said on Monday at the conference "Budget and Taxation 2026: The effects of taxation and the expectations of the economy" organised by CursDeGuvernare.He said that there is a thesis that the monetary policy rate can be lowered to help or boost the economy, but he warned that that is not an appropriate measure when you want to make a large correction."We stimulated it so much that we ended up blowing it, nearing a deficit of 9%," said Daianu.
Some dinners are eaten. Others are remembered. At Corinthia Grand Hotel du Boulevard, the past few months have unfolded like a quiet culinary opera. One by one, Europe’s most celebrated chefs arrived, took over the kitchen of Boulevard 73 and left behind more than menus; they left stories. Now, on December 4, the curtain falls. […]
HORIZON CITY, a €130 million residential project, is emerging as one of the most solid and forward-thinking developments in the Pipera area—both through its scale and through the modern direction it sets for the new residential standards in the north. Developed across nearly 23,000 sqm, with 699 apartments and 926 parking spaces, the project brings […]
Romania’s National Forest Administration, or Romsilva, announced that it is putting over 16,000 Christmas trees up for sale over the winter in a press release published on Thursday, November 27. The trees can be purchased directly from the offices of the forestry districts. Prices range between RON 17 (EUR 3.3) for a spruce...
Lot 3 Pietroasele–Buzău of Romania's A7 highway, also known as the Moldova highway, was inaugurated on Thursday, November 27. The newly inaugurated segment is 13.9 km long. The A7 connects Romania’s historic regions of Muntenia, the southern part of the country, with Moldova, the eastern part. “We are opening another 13 km of the Moldova Motorway […]
The City Hall of Sinaia, a popular mountain town roughly 120 km north of Bucharest, announced that a new attraction, the alpine coaster on Pârtia Nouă, will officially open on December 1. The installation, located in the ski area near the Sinaia Gondola, features what the authorities say is the longest track of its kind […]
The Romanian national team debuted with a victory in Group A of the Women’s Handball World Championship, organized in the Netherlands and Germany. Romania won 33–24 (13–12) against Croatia in the Ahoy Arena in Rotterdam on Thursday, November 27. The Romanian team dominated the match in the second half, left backer Sorina-Maria Grozav scoring 7 […]
