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.
A Romanian F-16 Fighting Falcon fighter jet deployed as part of NATO’s enhanced air policing mission in the Baltic region shot down a drone in Estonian airspace on Tuesday, May 19, Romania’s Ministry of Defense announced. The interception marks a first for the Romanian Air Force detachment known as the “Carpathian Vipers.” According to the […]
Cluj Business Campus, a real estate and urban workplace experience project developed in Cluj-Napoca, Romania's second-largest city, has entered a new stage of development, with investments of nearly half a million euros allocated for 2026, according to a press release from the institution. The investments are part of a multi-year development calendar and are focused […]
Around 48.6% of respondents in the most recent INSCOP Research survey believe that the no-confidence motion backed by the Social Democratic Party and Alliance for the Union of Romanians, which brought down the Bolojan government on May 5, was a useless act that...
Thirty-five years after the opening of the Șt. O. Iosif bookstore in Brașov, the starting point of Libris, the company is publishing an analysis of the bestselling books of the past decades. From previously banned authors avidly read immediately after 1989 to books about trauma, meaning and healing dominating today’s charts, Libris data reveals how […]
Earlier this week, the Romanian Senate passed a legislative proposal initiated by the far-right Alliance for the Union of Romanians (AUR) under which non-governmental organizations are required to make public all sources of funding and the identity of donors. If the bill is adopted as law, the reports regarding an NGO’s financing would be submitted […]
The National Bank of Romania (BNR) has revised upward its inflation forecast for the end of 2026 to 5.5%, from a previous estimate of 3.9%, according to data presented on Tuesday, May 19, by central bank governor Mugur Isărescu. The institution expects inflation to ease to 2.9% by the end of 2027. Speaking during a […]
