Romania is currently spending 7.5% of its public budget, the third-highest ratio in the European Union after Hungary and Italy, because of the high borrowing cost (6% for the 10-year debt, compared to 4.6% paid by non-investment grade Serbia) and despite the lower debt-to-GDP ratio. Streamlining public spending, besides just hiking revenues/taxes, would reduce the borrowing cost and make available significant resources for investments, the business association Concordia argued in a report on...
Romania has been officially selected to compete at Bocuse d’Or Europe 2026, marking the first time the country will take part in the world’s most prestigious culinary competition. There will be 20 participating nations at the European edition, which will take place in Marseille, France, in March 2026. The countries that qualify in Marseille will […]
The City Hall of Tășnad, located in Satu Mare County, north-western Romania, has received six bids for the construction of a new water park. The project is valued at RON 138.2 million (approximately EUR 27.2 million), and the building is scheduled to take 3 years. The water park, named Aquapark Transilvania Terme Tășnad, will cover […]
Libris and Save the Children Romania announce the launch of the seventh edition of the CarteTeca program, through which 50 school libraries across the country will be equipped with new books, supported by a total investment of RON 250,000. Registrations for this year’s edition open today, on the platform libris.ro/carteteca. To date, the project has […]
Half of Romanians fear that they will not be able to maintain a comfortable standard of living after retirement, according to the Retail Banking Radar report, produced by the consulting company Kearney. Romania is thus above the European average (47%). According to the report, as quoted by Bursa.ro,...
Romania has signed a cooperation agreement with the Organisation for Joint Armament Cooperation (OCCAR), marking the country’s first concrete step towards acquiring four combat corvettes through the European Multirole Corvette (EMC) programme, the Ministry of National Defence announced, as reported by
Tackling magistrates' pensions represents a milestone in the PNRR on which hundreds of millions of euros of funds depends on, and it is also a major social problem due to the social sense of injustice it creates, prime minister Ilie Bolojan told B1 TV news channel, expressing his hope that...
