Romanian development minister Cseke Attila recently announced that the ministry he leads will be reorganized by cutting more than 500 positions, including managerial ones, and two of its subordinate institutions. The cuts are part of a wider trend among state institutions seeking to lower their operating costs. "Through this measure, we are reducing staff by […]
Romanian PM Marcel Ciolacu has revealed that he dispatched a special envoy to Mar-a-Lago, Florida, for informal discussions with representatives of the Trump-aligned US political camp, aiming to adjust Romania’s diplomatic approach amid shifting political dynamics. The initiative, reported by HotNews and
Romania's state-owned energy producer Hidroelectrica will commission the long-delayed Răstolița hydropower plant in Mureș County by the end of 2025, following government approval for the deforestation of over 30 hectares required to finalize the project,
The Romanian Government, through the Ministry of Finance, is preparing to access a new development loan from the International Bank for Reconstruction and Development, part of WB Group, in the context of an increasingly fragile budget and the cancellation of some sources of financing from European funds, according to
The industrial price inflation in Romania increased to 4.0% y/y in February from -0.3% y/y in January, after the factory-gate prices increased by 3.6% m/m in February, according to data from the statistics office INS. The driving force behind the unusual acceleration of the industrial price inflation was the 9.9% m/m advance of prices in […]
The electoral campaign for the presidential elections kicks off on Friday, with the 11 candidates registered in the race for Cotroceni being set to try to convince the Romanians to elect them to the highest office in the Romanian state until May 3.According to the Constitution (art. 81), the president of Romania is elected by […]
