Prime Minister Ilie Bolojan held on Tuesday a round of consultations with representatives of the Association of Municipalities in Romania (AMR), in the context of the working meetings organized with local authorities regarding the reform in the local public administration."We are midway through 2025 in a difficult situation, both regarding the budget deficit component, as well as the ongoing investments. We started to implement the first package of measures to reduce budget expenses and correct some unbalances. The Finance Ministry data show us that we must continue in this direction. Therefore, we are preparing the second government package which shall include the reform of public administration. Our goal is to reduce public administration personnel costs, improve local tax collection, increase public service efficiency and continue decentralization," the prime minister stated, as quoted in a Government release.The Gov't and AMR representatives analyzed the proposals regarding the reform of property taxation, a commitment made by Romania under the National Recovery and Resilience Plan (PNRR), the downsizing of local public administration personnel and improving professional performance, implementing the clause according to which local budget balancing funds shall be determined based on the level of tax collection, the quoted source mentioned.The Government's consultations with local public administration representatives will continue in the coming period.Prime Minister Ilie Bolojan participated in the consultations held at the Victoria Palace on behalf of the Government, alongside Vice Prime Minister Tanczos Barna, Minister of Development, Public Works and Administration Cseke Attila, Minister of Labour, Family, Youth and Social Solidarity Florin Manole and Head of the Chancellery of the Prime Minister Mihai Jurca.
Cris-Tim Family Holding (BVB: CFH), the market leader in cold cuts and ready meals in Romania, reported revenues of RON 853.1 million (EUR 170 million) for the first nine months of 2025, a 3% y/y increase, supported by 5% growth in the Cold Cuts segment and a strong 21% advance in ready meals. Profitability improved […]
Romania’s Fiscal Council expressed cautious optimism that the fiscal measures adopted in the second half of 2025 could reduce the budget deficit to around 6.5% of GDP in 2026, according to its assessment of the second budget revision approved by the government. The Council stated that such an outcome would represent a significant improvement from […]
Romania’s public debt increased by another RON 14 billion (EUR 2.8 billion) in August after the RON 30 billion leap in July, to reach RON 1.084 trillion (EUR 213.8 billion) at the end of the month, according to data published by the Finance Ministry. After the Treasury raised nearly EUR 5 billion with FX bonds […]
The Conservation Carpathia Foundation has been awarded the Order of Merit of Germany for its long-term conservation work in Romania’s Făgăraș Mountains. Its executive directors, Barbara and Christoph Promberger, received the distinction from president Frank-Walter Steinmeier during an official ceremony held on December 1 at Schloss Bellevue in Berlin. The ceremony honored 20 individuals whose […]
Romania has chosen its first team to compete in the prestigious Bocuse d’Or Europe culinary competition, marking the country’s official entry into the global Bocuse d’Or circuit. Chef Vasilică Bejenaru, together with coach Liviu Preda and commis Andrei Fabian Lupoi, won the inaugural National Selection held last week in Brașov. The team will represent Romania […]
President Nicușor Dan used his National Day speech on Monday, December 1, to offer a blunt view of Romania, which he said is still “a corrupt country,” but noting that the situation has improved over the past 20 years. Speaking at the Cotroceni...
