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.
If you’re searching for a hidden gem in Europe, Romania is calling your name. Tucked between the Carpathian Mountains and the Black Sea, this country is an untouched marvel, combining natural beauty, rich history, and endless opportunities for entrepreneurs and retirees alike. Romania offers a unique blend of modern life and ancient charm, making it […]
Let’s talk about the lack of connection with our body and how this is closely tied to burnout, plus, what to do about it. So often throughout the day, we live almost entirely in our minds. We’re focused either on what we have to do at the moment—tasks that increasingly demand mental effort over physical […]
Six men and one woman from Romania have been accused of recruiting dozens of children and adults from foster care centers, whom they then transported to Hungary, where they turned them into slaves, forcing them to work under inhumane conditions. The accused are from the localities of Ozun and Chilieni, Covasna County, Romania, and allegedly […]
The Museum of Collectivization, the first in Romania dedicated to the forced collectivization period of the communist era, is set to open a new wing, Corp B, funded through the EU-backed National Recovery and Resilience Plan (PNRR) and co-financed by the National Cultural Fund Administration (AFCN). With the new building, the museum located in Tămășeni, […]
Romania’s “Madrigal – Marin Constantin” National Chamber Choir, conducted by Anna Ungureanu, will be in Luxembourg and Belgium, as part of the “Bridges Across Europe/Punți peste Europa” European tour, where it will perform five extraordinary concerts. The performances will take place between November 20 and 25, with the help of the Ministry of Culture, the Romanian Embassy […]
The European Development Bank approved a EUR 140 million loan for Romania’s “Cultural Foundations” project, aimed at preserving historical monuments and constructing cultural buildings in the country. The project targets 14 investment objectives of national and European relevance, administered by public institutions under the Ministry of Culture, including the Romanian Athenaeum, the Romanian National Operas […]
