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Romania had the highest proportion of people in the European Union unable to afford a one-week holiday away from home in 2024, with 58.6% of the population affected, according to data published by Eurostat on July 15. The figure places Romania at the top of the EU ranking, ahead of Greece (46%) and Bulgaria (41.4%), […]
The no-confidence motion filed by the far-right Alliance for the Union of Romanians (AUR) against the government of prime minister Ilie Bolojan failed on July 14 during the joint session of the Parliament. The outcome was broadly expected, despite the Social Democrats' vocal discontent with what they claim to be the prime minister's authoritarian decision […]
Two of Romania's ruling coalition leaders have signaled that the country will eventually adopt a progressive taxation system, though both parties agree that the current economic and social conditions are not yet suitable for such a shift. The Liberal Party (PNL) and the reformist USR party have previously argued against progressive taxation. Deputy prime minister […]
The Romanian Ministry of Finance raised RON 1.66 bln ( EUR 330 million) from the population in the July edition of its Fidelis government bond programme, maintaining the same level as the June issue and significantly exceeding the RON 1.18 billion subscribed in May. Despite the consistent demand, July’s subscription remained below the record set […]
Romania’s current account (CA) deficit surged by 43% y/y to EUR 33.6 billion in 12 months to May 2025, driven by each of its main components but particularly by the 17% y/y wider trade deficit in goods, according to data published by the National Bank of Romania (BNR). Romania’s CA gap thus hit 9.5% of […]
Environmental non-profit Agent Green announced that it filed a criminal complaint with the Argeș County Prosecutor's Office over the recent tragedy in the Făgăraș Mountains, where a bear was shot after killing an Italian tourist on the popular Transfăgărășan...
