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.
The third edition of Taifas Balkan Film and Culture Festival, set to take place in Timișoara between October 13 and October 19, will include a retrospective dedicated to Romanian director Radu Jude. The public will be able to see the director's short films, in addition to a preview of his latest production, Dracula, presented at […]
Sursa International Light Art Festival, an event featuring immersive installations, projections, and light structures, will take place at the National Library of Romania from October 13 to October 19. The event brings together international and Romanian artists “in a visual dialogue about technology, architecture and sensitivity,” the organizers announced. “We wanted to build the opportunity […]
Romania’s Defense Ministry has signed a contract worth RON 50.4 million with Rheinnmetall Automecanica, a subsidiary of the German defense industry giant Rheinmetall, for the delivery of drone detection systems, Economedia.ro reported. The radar system will be delivered within 18 months at most and will reportedly be...
The former Steaua Roșie cinema in Cluj-Napoca will reopen as Edison-House of Music, a cultural hub dedicated to music and community, the organizers of the Jazz in the Park festival announced. Built in the early 1900s, the Edison building became, after World War II, the Steaua Roșie cinema. After 1989, the venue underwent several changes […]
Unprecedented amounts of precipitation have been recorded in Romania as cyclone Barbara hit the country on October 5-8, according to the authorities. At the same time, Bucharest exceeded the absolute maximum levels of rain for October. “Between October 5–8, 2025, Romania was affected by the Mediterranean cyclone Barbara, which formed over the Ionian Sea and […]
Romania is one of six European countries recently selected to develop a new artificial intelligence and supercomputing center under the EuroHPC – AI Factories program. The project, known as the AI Factory, will be Romania’s first national AI infrastructure, marking a major step toward strengthening its digital and research capabilities. The initiative will be led […]
