The Ministers of Foreign Affairs of the European Union member states convene in Bucharest, January 31 – February 1, in an informal meeting (Gymnich), in the context of Romania’s exercising the presidency of the Council of the European Union, the Foreign Affairs Ministry (MAE) informs in a press release issued...
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Romania allocated just 12.8% of its GDP to social protection spending in 2023, the lowest proportion among European Union member states, according to data published by the Social Monitor, a project of the Friedrich Ebert Foundation Romania, based on Eurostat figures. This places Romania well below the EU average and far behind the highest-ranking countries […]
The French-led group's strength will increase from 1,500 troops to approximately 4,000, and NATO's reinforced forward battle group in Romania will thus be expanded to brigade level, according to Bursa.ro and
The Romanian government is preparing a major restructuring of the prime minister's office and the General Secretariat (SGG), with staffing reductions in some departments expected to reach 30–40%, Profit.ro reported on July 15, citing multiple government sources. Prime...
UniCredit Bank, in a report issued on July 14, projects Romania's public deficit to reach 8.5% of GDP this year in ESA terms, down from 9.3% in 2024 – a projection rather on the pessimistic side compared to the European Commission's 8.6%-of-GDP projection without the July 7 fiscal package and the 7.8%-of-GDP forecast issued on […]
Romania's industrial output increased by 7.1% y/y or by 3.8% y/y in workday-adjusted terms in May, the statistics office INS announced. The adjusted growth rate is the strongest in three years, but it was helped by base effects – Erste Group notes on a moderately positive note in a research update. The performance in May […]
Political risks have eased in Romania since the previous government introduced a consolidation package in late 2024 amid heightened tensions triggered by the annulment of November's presidential election and the coalition negotiations resulted in ambitious consolidation targets, but significant fiscal consolidation will weigh on economic growth, and implementation risks cannot be discounted, according to a […]
