Premier Bolojan stated that the signal given by the European Commission confirms that the latest measures adopted by the government were correct and started yielding results. “Valdis Dombrovskis, the European commissioner for economy, said today that thanks to the fiscal measures adopted this summer the situation in Romania improved and the Commission will not propose the suspension of European funds,” Bolojan informed. The Premier explains the implications of the EC decision: The Excessive Deficit Procedure remains suspended – that is Romania will not be sanctioned. The deficit is dropping and the tendency will maintain in the following years. Rising expenses will be kept under control and will remain close to the recommended level. We continue investments financed from European funds. “I thank commissioner Dombrovskis for the constant dialogue and the support shown for Romania in this difficult process. This is good news and a confirmation of the fact that we are going in the right direction. In past months we adopted difficult, but necessary decisions. Today we can see the first results: Romania is regaining its credibility. At the same time, the Commission message is clear: we must continue on this path. That means carrying out the planned measures, improving income collection, reducing expenses and placing budget order foremost. We will continue working seriously, responsibly while showing respect to public money,” Bolojan showed.
The Institute for the Investigation of the Crimes of Communism and the Memory of Romanian Exile (IICCMER) has issued a public appeal to president Nicuşor Dan and prime minister Ilie Bolojan to demonstrate “firmness in decision-making” in order to counter what it describes as an “increasingly insidious phenomenon of pro-totalitarian nostalgia,”
AFI Romania, part of the leading real estate development, management, and investment company operating across Central and Eastern Europe, AFI Group, announced that it secured a EUR 537 million refinancing package for three major projects in its portfolio: AFI Cotroceni, AFI Brașov, and AFI Ploiești. The three projects included in the refinancing are among the […]
State-controlled Hidroelectrica (BVB: H2O) allegedly supplied electricity for years to politically connected companies and religious institutions without issuing invoices or collecting payments, according to public data analysed by investigative platform Recorder. The supplies...
Altex Romania will develop in the following year the DIY chain Brico Dépôt by securing ownership of the rented stores, upgrading the entire chain, and opening three to five new stores per year after the transition year 2026, Altex founder, main shareholder, and CEO Dan Ostahie announced after his company took over the do-it-yourself chain […]
The government announced it selected, on November 27, a president and two vice-presidents for the Agency for Monitoring and Evaluation of Public Enterprises' Performance (AMEPIP). The action was a milestone under the Resilience Facility due November 28, after the expiry of the six-month extra time allowed by the European Commission, with a EUR 330 million […]
Romania's Ministry of Finance published for debate the draft emergency ordinance (OUG) on the second budget rectification of this year on the evening of November 27. According to the document, the general government budget deficit will remain at 8.4% of GDP, Hotnews.ro reported. Central government budget revenues for...
