President Nicusor Dan said on Monday that the measures to narrow the government deficit in Romania are provisional."I want to tell Romanians that it is a provisional issue, that Romania has economic potential. As I have said several times, at the end of 2026, if we don't make mistakes, we will join the Organisation for Economic Co-operation and Development (OECD), which will make Romania interesting to foreign investors," Dan told a news conference at the Cotroceni Presidential Palace.He added that the Romanian economy has a potential for development "as soon as we get over this short period of recovery.""I want to assure investors and financial markets that we are serious people and that when I promise that we will make reforms, we will make them, so that Romania's financial situation recovers," said Dan. Romania's Presidential Administration will reduce its own budget by 20% at the budget revision, President Nicusor Dan said on Monday at a news conference."When the budget revision for 2025 comes, the Presidential Administration will propose a 20% reduction in its own budget, in order to participate in this collective effort," said Dan.He added that the cut means some RON 20 million.Asked if that also means cutting his pay, Dan said: "The large amounts are important (...). For the moment there is no such intention." (Photo:https://www.presidency.ro/)
Céline Gauer, the director general of the Recovery and Resilience Task Force (or RECOVER) at the European Commission, arrived in Romania on Tuesday, July 15, to meet with officials regarding the implementation of the National Recovery and Resilience Plan, or PNRR. As the coordinator of the PNRR, which offers funding in the form of advantageous […]
Aluminium producer ALRO, a subsidiary of Vimetco PLC from Cyprus, celebrated 28 years on the Romanian stock exchange (BVB) and 60 years of uninterrupted industrial activity. Its market capitalization has increased nearly 21 times since its listing and now exceeds RON 1 billion. The company’s history began with the first batch of Romanian aluminium, on June […]
Something is quietly shifting in Romania. In places where paperwork, patchy Wi-Fi, and long queues once ruled, change is starting to show. Towns are more connected, cities are getting smarter, and essential services are beginning to live online, not in line. A tidal wave of digitisation is common to other areas of the globe, that’s […]
Several segments in Romania's A7 and A8 highway projects have lost funding from the National Recovery and Resilience Plan (PNRR) due to project delays, the minister of investments and European projects, Dragoș Pîslaru, announced on Tuesday, July 15, as reported by Biziday.ro. He did not specify which segments of these highways were affected. The statement […]
Real estate developer Redport and businessman Dan Șucu officially inaugurated the showroom for their latest residential project, Vitality Est, and announced the start of construction work on the site near Pantelimon Park and Lake in eastern Bucharest. The project, estimated at EUR 50 million, will include 500 apartments and 400 square meters of commercial space. […]
According to an analysis from real estate consultant Colliers based on National Bank of Romania data, Romanians spent more than EUR 3 billion on international travel in the first four months of 2025, 15% more than in the same period of 2024. If the current pace continues, Romanians’ spending on foreign holidays and business travel […]
