Keeping up macroeconomic stability, a sustained pace of investment and the continuation of reforms are the Romanian government's objectives for 2025, Prime Minister Marcel Ciolacu said on Friday at a meeting at the Government House with a delegation of the International Monetary Fund"The budget recently approved in Parliament includes the largest volume allocated so far to investment, namely 7.8% of the Gross Domestic Product. We will prioritise public projects, so that those at an advanced stage of implementation receive the necessary funding to be completed at a fast pace. Another line of action is to support projects carried out on European funds, for which we have allocated budgetary resources. We capitalise on this window of opportunity that Romania has both for the dynamics of investment and for the implementation of the reforms undertaken under the National Recovery and Resilience Plan (PNRR) and convergent with our objective of joining the Organisation for Economic Cooperation and Development (OECD) in 2026," Ciolacu is quoted as saying in a press statement.According to Ciolacu, the government will continue to act to support the private sector through measures aimed at the food industry, construction, encouraging industrial growth, as well as investment in energy and infrastructure.During the consultations, he pointed to the government's commitment to fitting into the government deficit of 7% of GDP this year and to continuing the downward trend in the coming years under a taxation plan agreed upon with the European Commission.Ciolacu also mentioned educing public staff expenses and restructuring the budgetary apparatus and administrative-territorial reorganization as among the governmental priorities for the coming period. He also mentioned the measures to improve the collection of public revenues, by expanding digital transformation.The meeting with the IMF is part of the government's series of consultations with international financial partners and the business community, with Ciolacu having this week meetings with the World Bank and representatives of several international investment funds. (Photo:https://gov.ro/)
Ion Iliescu, Romania’s first president after the fall of communism in December 1989 and one of the country’s most influential and controversial political figures, died on Tuesday, August 5, at the age of 95. His death was announced by the government, which expressed condolences to his family and stated that details regarding the state funeral […]
A large medieval cemetery was discovered this week at the Hasdeu High School in Lugoj, western Romania. The complex may have extensions into the surrounding yards and a high historical importance. Although the excavations are only just beginning, with an estimated 10% of the necessary work completed so far, the discoveries have already showed promise. […]
A trilateral working meeting for the creation of a regional cybersecurity alliance between Romania, the Republic of Moldova, and Ukraine took place on July 30 in Chernivtsi, Ukraine. The establishment of such a union would boost Romania's role in region. "The National Cybersecurity Directorate considers that the initiative to establish a cybersecurity coalition between Romania, […]
Two Dacian gold bracelets from the collection of the National History Museum of Romania (MNIR) have been recently 3D scanned as part of a digital preservation project highlighting these exceptional archaeological pieces. The initiative, launched by the museum, aims to showcase the artistry and cultural significance of Dacian goldsmithing. Crafted with remarkable skill, the spiral-shaped […]
Arad, a city in western Romania dubbed the “Little Vienna,” will organize a celebration of its history and culture in the Austrian capital, between August 8 and 20. The Days of Arad Culture begin on August 8 with the photo exhibition "Arad of Yesterday and Today," which will highlight the architectural connection of the city […]
In a report published on Tuesday, August 5, the Group of States against Corruption, or GRECO, said that Romania has fully implemented two of the 26 recommendations made in the 2023 Fifth Round Evaluation Report on preventing corruption and promoting integrity among top executive functions of the central government and law enforcement. Out of the […]
