The Supreme Court ruled a sentence of six years in prison for former chief of Driving Licenses Service Gheorghe Vlasceanu and his former deputy Vasile Voinea in the case of driving licenses issued fraudulently in Arges County. In fact, the judges of the High Court of Cassation and Justice admitted the appeals made in this [...]
Victor Ponta, former Social Democrat (PSD) leader, former prime minister and presidential candidate for the Social Democrats, currently MP and advisor to prime minister Marcel Ciolacu, stated on February 2, after the PSD Extraordinary Congress, at which he was unable to give a speech, that he is "very determined" to enter the presidential campaign. "The […]
Romania's leading ruling partner, the Social Democratic Party (PSD), endorsed Crin Antonescu, who was proposed by the Hungarian party UDMR and has already been endorsed by the Liberals (PNL) as the ruling coalition's presidential candidate. He also set a conservative agenda for the electoral campaign. In his position as PNL president, Crin Antonescu brought his party […]
The Romanian Ministry of Energy has sent a request to energy companies in which the state is a shareholder and to public institutions in the energy sector to analyze the negative effects of the European Union's Green Deal policies and European and national environmental legislation on them, Ziarul Financiar...
Romania's power transport and grid operator Transelectrica (BVB: TEL) announced that it has registered with the Trade Register the Joint Venture GECO Power Company - Green Energy Corridor Power Company, a limited liability company based in Romania, which will implement the Green Corridor project supposed to bring green energy from Azerbaijan. The project, estimated to […]
The yields of Romania's long-term (10-year) bonds on the secondary market eased by 41 basis points (bp) w/w to 7.61/7.36 (bid/ask) on January 31, to the lowest levels since January 9. The government drafting a budget planning in line with the fiscal consolidation plan, without supplementary tax hikes, apparently improved investors' sentiment. However, the borrowing […]
The general government budget deficit is likely to reach 7.7% of GDP in 2025 (cash terms), 0.7 percentage points (pp) above the government's target of 7% of GDP, according to projections drafted by the Fiscal Council (CF) in its preliminary opinion on the budget planning endorsed by the executive on February 1. "The 7% deficit […]
