Rating agency Fitch, based on Romania’s 2025 budget revision and the macroeconomic forecast predicting muted growth of 0.7% this year rising to 1.2% in 2026 and 2027, projected that the country’s public deficit under ESA methodology would decline from 9.3% last year to 8.5% in 2025, followed by gradual reduction to 7% of GDP in 2026 and 6.5% in 2027.
This is a one-year delay compared to the trajectory set by the country under the seven-year fiscal consolidation plan sketched last autumn,...
Since the start of their mandate in 2024, several Romanian members of the European Parliament have gathered a significant number of absences. At the top of the absentee list published by Digi24 are Social Democrats Gabriela Firea and Gheorghe Cârciu, followed by Liberal Dan Motreanu and Cristian...
A new online platform promoting Romanian designers and connecting them to the international fashion and design scene will be launched in New York this week. The platform, called Ce Fain! (How Cool! in Romanian) will be officially unveiled at the Romanian Cultural Institute (ICR) in New York on October 17 during an exclusive gala. Ce […]
Nearly half of Romanians believe their country’s army would not be able to resist for 48 hours in the event of an attack, according to a new Avangarde poll quoted by News.ro. The survey also showed...
Energy minister Bogdan Ivan, who promised to come up by the end of last week with an update on the negotiations with the European Commission (EC) on the prolongation of the functioning of several coal-fired power plants, keeps warning of extreme developments under circumstances described as "the perfect storm" this winter. Minister Ivan announced that, […]
Romania was close to having its 2026 EU funding suspended in July, but "we are now in another reality" after the new government took the necessary steps in the past 100 days, finance minister Alexandru Nazare, said upon returning from the October 9-10 EcoFin meeting, without any specific details about his talks on the Commission's […]
Rating agency Fitch, based on Romania’s 2025 budget revision and the macroeconomic forecast predicting muted growth of 0.7% this year rising to 1.2% in 2026 and 2027, projected that the country’s public deficit under ESA methodology would decline from 9.3% last year to 8.5% in 2025, followed by gradual reduction to 7% of GDP in […]
