Romania's budget deficit fell by 31% in nominal terms in the first eight months of this year compared with the same period last year, dropping to 2.89% of GDP, the Finance Ministry informs on Saturday.'The execution of the consolidated general budget in the first eight months of 2026 ended with a deficit of 59.42 billion lei, 26.94 billion lei lower than the 86.36 billion lei deficit recorded in the same period of 2025. In nominal terms, the budget deficit fell by approximately 31%. As a share of GDP, the deficit declined from 4.51% in the first eight months of 2025 to 2.89% in the same period of 2026, representing an improvement of approximately 1.62 percentage points,' the ministry said in a press release.According to the ministry, the figures reflect the continuation of the fiscal and budgetary consolidation process, with consolidated general budget revenues increasing by 11.4%, significantly faster than total expenditure, which rose by 4.2%.After the first seven months of the year, the budget deficit stood at 2.34% of GDP, while the target for the full year is 6.2% of GDP.
The first heavy snow hit Romania’s famous Transfăgărășan high-altitude road, forcing road workers to intervene with snow-clearing equipment and anti-skid material. The Brașov Regional Directorate of Roads and Bridges (DRDP) announced on Friday, October 16, that a layer of snow has formed on the road, particularly in the highest areas. “Heavy snowfall on DN7C – […]
The National Liberal Party (PNL) and its allies in Save Romania Union (USR) called for the establishment of a parliamentary committee for administrative-territorial reform on Thursday, October 15. The two parties, set to form the opposition in the event of an investiture vote for the Luca Niculescu government, had their request approved by the Joint […]
Real estate developer One United Properties (BVB: ONE) announced on Friday, October 16, that it has appointed Cătălin Jalobă as Group Chief Financial Officer. He will take office on December 17. In this role, Jalobă will lead the group’s finance function, including financial strategy and planning, accounting and reporting, treasury and financing, cost control, taxation […]
One of the largest banks in Romania, Raiffeisen Bank, listed a new corporate bond issue, its tenth overall, worth a total of RON 750 million on the Exchange’s Regulated Market on Friday, October 16. The bank listed 1,250 senior preferred, unsecured corporate bonds with a nominal value of RON 600,000 each and a fixed coupon […]
More than 1.5 million people participated in the 2026 edition of Open Streets – Bucharest, Urban Promenade, according to municipal cultural center ARCUB. The program ended on October 11 after running for 24 weekends. Organized by the Bucharest City Hall through ARCUB, the project included 226 activities. These comprised more than 100 workshops and interactive […]
Bucovina, a region in northeast Romania, topped Time Out’s newly updated list of the world’s most underrated travel destinations for 2027. Relatively unknown, particularly to foreign travelers, Bucovina was placed first among 41 destinations around the world. The London-based travel recommendations magazine highlighted the region’s painted monasteries and ancient forests to motivate...
