The execution of the general consolidated budget ended with a nominal deficit of 121.77 billion RON, respectively 6.4% of GDP, after the first 11 months of 2025 down by 0.74 percentage points compared to the deficit recorded in the same period of 2024, of 7.15% of GDP, the Ministry of Finance announced.General budget revenues amounted to 591.91 billion RON, up 13% compared to the same period of the previous year. Expressed as a share of GDP, total revenues increased by 1.34%, an evolution supported by both current revenues and European funds.Expenditures, amounting to 713.68 billion RON, increased in nominal terms by 9.9% compared to the same period of the previous year. Expressed as a percentage of Gross Domestic Product, expenditures recorded an increase of 0.59 percentage points compared to the same period of 2024, from 36.93% of GDP to 37.52% of GDP. "Analyzing the evolution of the share of budget expenditures in GDP, we note that the growth rate in the current year decreased compared to the previous year, indicating a slowdown in the expansion of public expenditures reported to the GDP level," the Ministry of Finance states.The execution of the general consolidated budget for the first ten months of 2025 ended with a deficit of 108.87 billion RON, respectively 5.72% of GDP.The budget deficit target for the entire year is 8.4% of GDP, or 159.8 billion RON.
World-renowned ballerina Maria Kochetkova will perform in Romania for the first time on March 5, 2026, as part of the Bucharest International Ballet Gala, an anniversary edition dedicated to sculptor Constantin Brâncuși. The event will be held at Sala Palatului and marks 150 years since the birth of Brâncuși, one of the most influential figures […]
Mihai Eminescu, Romania’s celebrated national poet, described actual places in many of his poems, and some can still be visited today. Verses written in iconic poems like Călin (file de poveste) describe places in Vânători Neamț Natural Park, part of the ecotourism destination Ținutul Zimbrului, according to a press release. Visitors can actually step through […]
American and Romanian experts in managerial excellence, competitiveness, and leadership announced the launch of the Romanian Performance Excellence Program 2026 on January 15. Inspired by the US Baldrige Program, the new initiative is aimed at professionalizing management and increasing the competitiveness of public and private organizations. The program is organized by the National Foundation of Young […]
The Yellow Tie/Cravata Galbenă, a biographical film inspired by the life of Romanian conductor Sergiu Celibidache, has been selected for the programme of the 41st edition of the Santa Barbara International Film Festival, one of the most prestigious film events in the United States. Directed by Serge Ioan Celebidachi, the film will have its US […]
Real estate developer Park Properties, led by Alexandru Mănăilă, has partnered with businessman George Peltecu to develop SunLake Snagov Signature Collection, a high-end residential project featuring lakeside villas and a private marina. The construction is set to begin this spring, the company said. The complex will be built on a 15,000 sqm plot of land, […]
Romanian president Nicușor Dan marked National Culture Day in a message on Thursday, January 15, announcing that the theater hall at the presidential Cotroceni Palace will be made available periodically, free of charge, for performances by independent troupes of young actors and by high school theater groups. In the accompanying message, the president emphasized the […]
