Cutting the public deficit to 7% of GDP this year is out of question, there is no way to achieve this – Romania's prime minister Ilie Bolojan said in a press conference on July 11, adding that his government is striving to keep the budget gap "around 8% of GDP."
The statement may disappoint those expecting Romania to bring its public deficit down to 7.5% of GDP this year (the rating agencies mentioned such a benchmark). But this may not be the case since PM Bolojan...
LIBERTY Galați, Romania’s largest steel producer, is undergoing significant leadership changes as part of its broader restructuring efforts aimed at improving operational performance. The company has initiated a global executive search to appoint a new permanent General Manager and has made several key interim and permanent leadership appointments. Radu Ionescu is stepping down as General […]
Cyclists will be able to cross the border between Romania and Serbia between July 26-28 on a 37-kilometer route that starts in Timișoara and follows the course of the Bega River to the Serbian border. The Otelec border crossing point will allow the cyclists to cross the border. The bike path will be accessible between […]
With EUR 12.9 billion in direct investments and 125,000 jobs generated, France ranks as the third largest foreign investor in Romania, according to the French Chamber of Commerce, Industry and Agriculture in Romania (CCIFER). The French business community includes 600 members, ranging from major corporations to startups, universities, and NGOs. In 2024, bilateral trade between […]
After ten years of protecting urban biodiversity, the Văcărești Natural Park Association has officially become the Bucharest Natural Park Association (APNB), reflecting its expanded mission to safeguard and promote nature across the entire capital city. The rebranding signals a strategic shift from focusing on a single park to building a city-wide network of natural areas, […]
The Romanian team took first place at the European Youth Chess Championship for teams in the under-12 category. The tournament took place in Terme Catez, Slovenia. The team, composed of Lucas Rusu, Răzvan-George Pârvu, Iustin Larion, and Iustin-Nicolas Cazacu, led by Petre Nad, achieved 5 victories and one draw in the 7 rounds and surpassed […]
Simina Tănăsescu, seen as belonging to the reformist wing of the Constitutional Court of Romania (CCR), has been elected as the Court's president for a three-year term following a vote held on July 11, Hotnews.ro announced. She succeeds Marian Enache, whose mandate expired earlier this month. Tănăsescu...
