President of the European Commission Ursula von der Leyen will come to Bucharest on September 27, which means that the National Recovery and Resilience Plan (PNRR) is approved for Romania, Prime Minister Florin Citu stated on Friday."Ms. Ursula von der Leyen announced her program and will come to Romania on September 27, which means that the PNRR is approved for Romania, as I said. And the other good news, from the 48 billion euros, of all the programs for resilient development in Europe, 9.7 billion euros are for Transport in Romania. Thus, (...) a significant amount is allocated to Romania for transport and PNRR is actually approved, Ms. Ursula von der Leyen is coming to sign on September 27. As you know, until 25 [September] she is in the United States. Any other rumors that existed on the market ... So, whoever was saying that this PNRR is not going to be approved, it was approved and she is coming on the 27th and it will be very good and we will start to implement this project," said Citu.The prime minister added that, the advance from the PNRR is coming by the end of the year.The head of the Executive participated on Friday evening in the official dinner marking the closing of the events organized in Bucharest on the occasion of the European Year of Rail.
APADOR-CH, one of Romania’s oldest human rights organizations, has called on President Nicușor Dan to clarify how the state intends to combat disinformation without infringing on freedom of expression. In an open letter published on June 14, the organization raised concerns about the president’s recent statement that he would bring the issue of online disinformation […]
Romania’s state-owned passenger railway operator CFR Călători has warned that insufficient public service compensation for 2025, combined with declining revenues, may lead to significant disruptions in rail transport, the company said in a statement issued on June 13. The carrier stated that funding for the upcoming year is expected to fall below 2024 levels, creating […]
Romania's gross external debt (not including the loans contracted by FDI companies from parent groups) increased by 12% y/y or EUR 16.5 billion in 12 months to April 2025, according to data published by the National Bank of Romania. The gross external debt (GED) reached EUR 158.2 billion, equivalent to 44.7% of the country's GDP. […]
Romania’s nominal GDP has reached EUR 354 billion in 2024 and EUR 358 billion in the four quarters to March 2025, nearly tripling from EUR 125 billion in 2009. While often cited as evidence of rapid economic expansion, this 182% increase over 15 years significantly overstates the country’s real economic progress, according to our calculations. […]
Despite positive base effects in April 2025 after net foreign direct investments (FDI) outflows a year earlier, the cumulative net FDI in 12 months to April contracted by 17% y/y to EUR 5.40 billion (EUR 5.45 billion in gross terms), according to data published by the National Bank of Romania on June 13. Notably, the […]
The current account (CA) deficit in the 12 months to April 2025 increased by 46% y/y and reached EUR 33.4 billion, according to data published by the National Bank of Romania (BNR) on June 13. The CA deficit to GDP ratio reached 9.4%, from 7.1% in April 2024 and 8.4% in 2024. All the main […]
