Prime Minister Nicolae Ciuca and governor of the National Bank of Romania (BNR) Mugur Isarescu discussed this Friday the main economic and financial developments, against the backdrop of the economic recovery, the energy crisis and endeavors for a solid and credible budget for 2022, said the government's spokesman Dan Carbunaru.This is the first meeting of the Prime Minister with the BNR governor, and presidential advisor on economic affairs Cosmin Marinescu was also invited to attend."The meeting took place during the break of today's government meeting and was aimed at strengthening the institutional dialogue, while tackling the main developments and concerns in the Romanian economy and the financial environment in the current context of economic recovery, energy crisis and the need to work out a solid and credible budget for 2022, capable of giving confidence to the investment milieu and support the financial stability Romania needs in the next period," Carbunaru explained.The talks also focused on the need to increase the administrative capacity to absorb European funds, he added."The meeting highlighted the need for an effective institutional dialogue through the convergent involvement of state authorities, and also reviewed the main challenges we currently face, such as the need to increase the administrative capacity to absorb European funds, as regards both the resources available under the National Recovery and Resilience Plan, and those under the operational programs," Carbunaru said.
Daniel Christian Hulea, a Romanian man accused of contributing to the NetWalker ransomware attacks, has been sentenced to 20 years in prison after pleading guilty to conspiracy to commit computer fraud and wire fraud, according to a public announcement from the US Department of Justice. NetWalker was a Ransomware-as-a-Service operation launched in 2019, which recruited […]
The new Romanian government, headed by the same Social Democratic prime minister, Marcel Ciolacu, recently made its governance program public. Among its objectives are reducing the level of bureaucracy, maintaining the flat tax rate, and reducing the budget deficit to 7% in 2025. To reach its goals, the government reduced the number of ministries to […]
The European Commission (EC) announced on Monday, December 23, that it disbursed payments under the Recovery and Resilience Facility (RRF) to Czechia, Germany, Italy, Portugal, and Romania, totaling EUR 26.8 billion in loans and grants. Under this latest disbursement, Romania received EUR 37.05 million as part of its second payment request. By comparison, according to the...
Romanian film trilogy Moromeții, directed by Stere Gulea, will be presented at the 54th edition of the Rotterdam International Film Festival, taking place from January 30 to February 9, 2025. This renowned European event, which annually presents hundreds of films across more than 20 sections, will feature the three films - Moromeții (1987), Moromeții 2 […]
Romania issued state aid worth EUR 1.3 billion during 2019-2023, with 62% of the projects being granted to foreign companies, according to an analysis conducted by EY Romania. The sectors that benefited the most from aid were the automotive industry, technology, manufacturing (light industry), medical industry, and the food and beverage industry. According to the […]
The Abracadabra – Secrets of Magic interactive exhibition will transform Arcub – Hanul Gabroveni in Bucharest into a magical universe starting December 27, 2024. Running until May 4, 2025, the event offers visitors the opportunity to explore a labyrinth of magic, featuring over 20 interactive attractions and more than 500 live performances by MAGITOT and […]
