Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. PM Ciuca: This year we have the...

PM Ciuca: This year we have the greatest investment budget in the last 30 years - 88 billion RON

May 17, 2022

Prime Minister Nicolae Ciuca reiterated on Monday that in a crisis situation, as the one Romania is going through, the only solution is investment, and the role of the Government is to support them through public policies that have as a purpose ensuring stability and economic development."It must be emphasized that Romanians had to face a health crisis, then the economic crisis and starting with February, we are also facing a security crisis, a war at our border, in the neighboring country, Ukraine, following the invasion of the Russian Armed Forces," said Nicolae Ciuca in an interview at Radio Romania News (RRA)."What I want to emphasize is that at this moment, in order to protect the economy, to protect jobs, to create mor jobs, we need the business environment, Romanian entrepreneurs to be supported and I would like for us to understand this period as being directed to ensure stability and, as much as possible, the development of our country's economy. We have had frequent meetings with Romanian and foreign investors. This relaunch, this stability and, why not, the relaunch of the economy, we can only achieve together. This is the role of the Government, to come with policies to encourage and support investments, and the business environment must continue development plans, and for this it needs predictability, it needs legislative stability and, of course, we need to maintain this permanent dialogue with them to understand the reality, to understand the opportunities and, of course, we must be able to do risk management," said Ciuca."And these publicly-announced appreciations are very good signals for investment needs. We have raised no tax, and this predictability is an important asset. This year we have the greatest investment budget in the last 30 years earmarked in the budget - 88 billion RON. Furthermore, we have taken all measures to be able to absorb, to attract as high as possible a sum from European money - we are talking about 80 billion euro -, that ensure both stability, as I was saying, but also offers the possibility of developing the economy, it offers the possibility of ensuring jobs, it offers the possibility to think that through this economic growth we may ensure for Romania a reduction of the gap between the countries in the east and those in the west," Ciuca also said.

Read in full - click here
Film review – Gazing into the Past: Il Cinema Ritrovato & TIFF

June is the richest month. The most awaited two weeks in my annual festival pilgrimage. The route starts with Romania’s Transilvania International Film Festival (TIFF), followed by Italy’s (and the world’s) most comprehensive festival for restored and archival film: Il Cinema Ritrovato. To shake up the traditional article on the two, I’ll start with the […]

Different Beauty: Portraits from Donbas in David Těšínský’s Bucharest exhibition

Different Beauty, a recently opened exhibition of works by Czech photographer David Těšínský, offers a glimpse into everyday life in the war-torn region of Donbas in 2017. The photos were taken within the span of only a few days, as Těšínský traveled to eastern Ukraine to document the lives of women impacted by war. In […]

Different Beauty: Images from Donbas in David Těšínský’s Bucharest exhibition

Different Beauty, a recently opened exhibition of works by Czech photographer David Těšínský, offers a glimpse into everyday life in the war-torn region of Donbas in 2017. The photos were taken within the span of only a few days, as Těšínský traveled to eastern Ukraine to document the lives of women impacted by war. In […]

Most Romanians do not trust AI without human intervention, survey shows

Roughly 70% of Romanians are “very” or “moderately” concerned about how AI accesses and uses their data, according to the latest survey conducted by RoCoach in partnership with Novel Research between May and June 2025.  Distrust in automated decision-making and the demand for regulation are becoming more pronounced, as Romania rolls out major digitalization projects […]

Armenian Street Festival to take place at Bucharest’s Botanical Garden in August

The Armenian Street Festival returns for a 9th edition between August 1 and 3, 2025, in the “Dimitrie Brândză” Botanical Garden in Bucharest. The festival brings into focus the living heritage of the Armenian community in Romania and the diaspora. According to the organizers, this year’s edition aims to strengthen the Bucharest–Chișinău–Yerevan cultural axis, articulated […]

M&A market in Romania registered transactions worth EUR 2.7 bln in first half of 2025

The Romanian mergers and acquisitions market registered a total of 122 announced transactions in the first half of 2025, with a value exceeding EUR 2.7 billion, marking a slight increase of 6% in volume and 4% in value compared to the same period last year, according to an analysis by George Ureche, partner at PwC Romania. […]