Romania's budget deficit could increase, this year, up to 5.7%, as a result of the implementation of the law on fiscal-budgetary measures for which the Government pledged responsibility in the Parliament, Prime Minister Marcel Ciolacu declared on Wednesday in Kyiv.He says that the new deficit target could be assumed through a budget rectification that could take place in the next period."When Mr. Citu pushed the deficit from 2.7% to 9.2%, I did not see anyone take a bottle of gasoline to set themselves on fire in any market or on any television because he destroyed this country, making a bigger deficit by 100 billion lei. Moreover, I didn't see anyone set themselves on fire when he took the external debt from 37% to 50%, which meant another 100 billion lei. A prime minister from the PSD came and in three months it is a disaster that we do not close the deficit as assumed by a hypocrite from 4.4% and we hope to close with 5.5% - 5.7%. Suddenly it became an extraordinary problem. Romania is economically stable," said Ciolacu.Referring to the decision of the Constitutional Court of Romania to reject, on Wednesday, the notification of the Save Romania Union (USR) on the draft law on fiscal-budgetary measures, the prime minister accused the USR leaders of hypocrisy. Romania posted the EU's second-highest annual inflation rate and highest among EU member states in Southeast Europe (SEE) in September, at 9.2%, the EU's statistical office said on Wednesday. In comparison, Greece recorded the lowest annual inflation among EU members in SEE last month, at 2.4%, against an EU average of 4.9%, Eurostat said in a data release. In monthly terms, Greece's inflation rate was the highest in the region in September, at 1.9%, whereas consumer prices in the EU overall rose by 0.3% from their level in August. Croatia and Bulgaria, on the other hand, saw monthly declines in their consumer prices, at 0.7% and 0.3%, respectively.
Former US first lady Michelle Obama, the wife of Barack Obama, was in Bucharest on Thursday, September 18, to serve as the main guest at the second edition of the Impact Bucharest series of conferences. The former first lady spent about an hour in front of a large audience, speaking about her childhood in a […]
Czech president Petr Pavel spent a few days in Romania at the beginning of September while on holiday. According to statement by the Romanian Embassy in Prague, the Czech leader traveled mountain routes by motorcycle and chose modest accommodations. Pavel tried to see as much of what Romania had to offer. He planned his routes, […]
Romania is taking tangible action toward its green transition through sustainable infrastructure projects, public‑private partnerships and green bonds. Experts, government officials and business leaders have gathered today at the CES Bucharest ESG Conference, to present progress and identify solutions through which the public and private sectors can collaborate to build a sustainable and competitive economy. […]
Prime minister Ilie Bolojan announced that he will visit Brussels next week to talk to three European commissioners about deficits, defense, and EU financing. The first meeting will be with the commissioner for economy, Valdis Dombrovskis, as Romania “must adjust the issues related to deficits to be a trustworthy country, so as not to continue […]
A large majority of Romanians, namely 85%, have heard of celebrated composer George Enescu, according to the third edition of the Informat.ro – INSCOP Research Barometer conducted earlier this month. However, the survey shows a slight decline in cultural awareness compared to 2013, particularly among younger generations. The
The volume of trade between Romania and China was almost USD 9.3 billion in 2024, according to official statistics. Trade between the two, however, is not balanced. Romania registered a USD 7.7 billion deficit with China, and a USD 2.1 billion deficit in the first quarter of 2025 as well. The People’s Republic of China […]
