The execution of the general consolidated budget for January 2026 ended with a surplus of 850 million lei, namely 0.04% of GDP, compared with a deficit of 11.01 billion lei, or 0.58% of GDP, recorded in January 2025, the Finance Ministry (MF) announced on Friday.According to the source, this is the first January budget execution to post a surplus in the past seven years, the previous one having been recorded in 2019.This development reflects fiscal consolidation based on improved revenue collection and rigorous management of public expenditure.'The results recorded in the first month of the year confirm the effectiveness of measures to broaden the tax base and strengthen financial discipline. It is essential that we have managed to increase revenues by almost 18%, while maintaining strict control over current expenditure. At the same time, January's figures must be interpreted with moderation and responsibility, and fiscal and budgetary discipline must be maintained throughout the year, including through the 2026 budget, which we will finalise shortly. Our priority remains the efficient management of public finance and securing sources of economic growth, both through the implementation of the recovery measures package and through the financing of investments from European funds and the National Recovery and Resilience Plan, which represent the engine of sustainable growth for the Romanian economy,' said Finance Minister Alexandru Nazare.
Romanian Iulia Neagu, a PhD in physics at Harvard, sold the artificial intelligence startup Quotient to the American, Romanian-founded data giant Databricks. The two companies aim to improve the way AI agents are used in production environments, are evaluated, and optimized. The startup was launched in 2023 to create systems capable of measuring and improving […]
Authorities in Bucharest have passed regulations to drastically limit the use of fireworks throughout the year. Companies that organize pyrotechnic shows will have to pay a fee of RON 500 (EUR 100) per minute and will need the approval of the City Hall. The new measures were approved by the Bucharest General Council and are […]
The Islamic government in Tehran warned Romania that providing bases to the US airforce amounts to participation in the attacks against it, according to a series of statements offered on Monday, March 16, by a spokesman of the Iranian Ministry of Foreign Affairs. The spokesman argued that Romania's support for the US “would incur international responsibility […]
Restaurant technology startup Choice has raised USD 7.1 million in new funding as it accelerates its expansion across Central and Eastern Europe (CEE), including Romania. The company entered the Romanian market in 2025 and has already attracted its first paying restaurants. The funding round was led by Portuguese venture capital fund Alea Capital, with participation […]
The Organization for Economic Cooperation and Development (OECD) released a report regarding Romania and its path to becoming a member on Monday, March 16, in an event attended by the organization's secretary general, Mathias Cormann, and prime minister Ilie Bolojan, among other officials. The report underscores the need to improve the long-term sustainability of Romania’s...
The Sand Marathon (Maratonul Nisipului), one of Europe’s most distinctive beach running competitions, will return to Constanța, on the shores of the Black Sea, on May 17, for its 11th edition. The event will take place on Zoom Beach and marks the beginning of a new decade for the competition under the theme Next Wave. […]
