Moldova will import from Romania some 62% of the electricity it needs in January for the territory controlled by the constitutional authorities (not including separatist region Transnistria), and the imports’ instant share will drop towards 50% only during night hours when the consumption decreases, according to the projections drafted...
The 7%-of-GDP public deficit target is "extremely restrictive," but the Finance Ministry will do its best to avoid VAT and income tax hikes this year, the Minister of Finance Tanczos Barna said on December 30, speaking of the 2025 budget planning. This year's budget could be approved by the end of January if things go […]
Romania's public deficit surged 71% y/y to RON 126 billion (EUR 25.3 billion) in January-November, particularly due to expenditure-side elements, reaching 7.1% of the year's estimated GDP in the first eleven months of the year from 4.6% of GDP in the same period of 2023. The nominal GDP is estimated to have advanced by 10%...
On Friday, January 3, aerospace and defense company Raytheon Technologies was awarded a USD 946 million contract by the US Pentagon to deliver an additional Patriot missile systems to Romania, aimed at bolstering the country's air defense capabilities by 2029. The contract, which includes advanced radars, control stations, and interceptor missiles, marks Romania's third order […]
Romanian mountain rescuers announced on Friday, January 3, that they registered a record number of interventions and 161 calls for emergency assistance in the past 24 hours. A total of 162 people were rescued, over 100 of whom required transport to a hospital. "An unwanted absolute record of mountain rescue and first aid interventions in […]
Far-right politician and former presidential candidate Călin Georgescu announced in a message on X that he will appeal the annulment of the Romanian presidential elections before the European Court of Human Rights. On December 6, 2024, as Romanians abroad had already begun to vote, Romania’s Constitutional Court (CCR) unanimously annulled the entire presidential election process, […]
