The European Commission has conveyed that Romania must reprioritize its investments in order to fall within the budgetary limits assumed for the years 2025-2026, a period in which the pressure on the state budget will be significant, announced the Minister of Finance, Alexandru Nazare."Yesterday (Monday, ed.) I discussed with representatives of the European Commission several key points on Romania's economic and budgetary agenda. In this context, the European Commission sent a clear message: Romania must reprioritize its investments in order to fall within the budgetary limits assumed for the years 2025-2026, a period in which the pressure on the state budget will be significant," the minister wrote on his Facebook page.According to him, the main topics discussed were: the start of the internal analysis and consultation process regarding the budget rectification; the stage of the renegotiation of the National Recovery and Resilience Plan (PNRR) and how the projects currently under negotiation can be adjusted; prioritizing investments financed from grants and loans, in order to remain on the assumed fiscal trajectory in the coming period, when the pressures on the state budget will be significant."We argued before the Commission for the inclusion in the grant component of some essential projects for Romania: the Ministry of Development's projects for building rehabilitation and energy efficiency - these have a major contribution to reducing energy consumption, reducing the costs borne by the population, but also to meeting environmental objectives; two important sections of the Moldovan Highway (A7) - A7 will contribute to a significant development of the eastern region of the country", explained Alexandru Nazare.He emphasized that discussions continue in parallel with the teams from the Ministry of Investments and European Projects, and the Ministry of Finance remains the guarantor of meeting the macroeconomic objectives and the assumed fiscal-budgetary trajectory.The Minister of Finance also added that the discussions with the EC representatives also targeted the additional measures envisaged in the second and third packages of fiscal reforms, in order to consolidate Romania's stable path until the next Council evaluation in October."It is fundamental, during this period, to take concrete steps towards restoring Romania's credibility with international partners," Nazare pointed out.
Former US first lady Michelle Obama, the wife of Barack Obama, was in Bucharest on Thursday, September 18, to serve as the main guest at the second edition of the Impact Bucharest series of conferences. The former first lady spent about an hour in front of a large audience, speaking about her childhood in a […]
Czech president Petr Pavel spent a few days in Romania at the beginning of September while on holiday. According to statement by the Romanian Embassy in Prague, the Czech leader traveled mountain routes by motorcycle and chose modest accommodations. Pavel tried to see as much of what Romania had to offer. He planned his routes, […]
Romania is taking tangible action toward its green transition through sustainable infrastructure projects, public‑private partnerships and green bonds. Experts, government officials and business leaders have gathered today at the CES Bucharest ESG Conference, to present progress and identify solutions through which the public and private sectors can collaborate to build a sustainable and competitive economy. […]
Prime minister Ilie Bolojan announced that he will visit Brussels next week to talk to three European commissioners about deficits, defense, and EU financing. The first meeting will be with the commissioner for economy, Valdis Dombrovskis, as Romania “must adjust the issues related to deficits to be a trustworthy country, so as not to continue […]
A large majority of Romanians, namely 85%, have heard of celebrated composer George Enescu, according to the third edition of the Informat.ro – INSCOP Research Barometer conducted earlier this month. However, the survey shows a slight decline in cultural awareness compared to 2013, particularly among younger generations. The
The volume of trade between Romania and China was almost USD 9.3 billion in 2024, according to official statistics. Trade between the two, however, is not balanced. Romania registered a USD 7.7 billion deficit with China, and a USD 2.1 billion deficit in the first quarter of 2025 as well. The People’s Republic of China […]
