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.
“Catane,” a dark comedy inspired by real events and directed by Ioana Mischie, is set to have its first special screenings in Romania after a successful festival circuit. The film had its world premiere at the IFFI Goa festival in India and was nominated this year at the Hollywood Music in Media Awards for Best […]
Romania is among the European countries where water reserves are decreasing at an alarming rate, according to an analysis carried out by researchers from University College London in collaboration with The Guardian and Watershed Investigations. Scientists analyzed data from the period 2002–2024 provided by satellites that monitor changes in the Earth's...
George Smyth, 18, went missing on a hike near Romania’s famous Bran Castle more than a week ago. On November 23, the British citizen started to suffer from hypothermia and exhaustion and called the emergency services. Trying to locate him, mountain rescue services conducted searches over the next few days but were only able to […]
Over 107,000 people in Prahova and Dâmbovița counties, in southern Romania, have been without drinking water since Friday, November 28, due to problems at the Paltinu Dam. According to local authorities, the problems are set to persist until next week. The dam registered a drop in water levels, leading to problems in the water distribution system. […]
A special ‘Silent Day’ event will be held at the Bucharest Christmas Market in Constituției Square on Wednesday, December 3, aimed at creating a quieter and more accessible environment for children with sensory disabilities. The initiative is designed to make the festive market manageable for children who may struggle with loud noise, bright lights, and […]
Romanians have the highest level of trust in others in the European Union, according to the most recent Eurostat data for the year 2024, ahead of the usual leader of the ranking, Finland. The indicator ‘trust in others’ measures a person’s trust in people they do not know on a scale from 0 (‘I...
