Romania may interrupt exports of electricity between Feb. 16 and March 15 to cover rising domestic consumption because of freezing temperatures, according to a draft law on the Economy Ministry’s website.The Balkan nation, which faces a “heavy power deficit†following a drought that kept river-water levels low and increased heating demand, will start cutting power exports from about 500 megawatts per
"The increase in fiscal revenues is inevitable. What matters is how and where it will be done," central bank governor Mugur Isărescu told a journalist during the press conference on the Quarterly Inflation Report on May 20, when asked about the likelihood that an increase in taxes and duties is necessary. Pursuing fiscal consolidation only […]
The National Bank of Romania (BNR) has revised upward its inflation forecast for nearly the entire projection horizon, citing the planned lifting of the energy price capping mechanism at the end of June 2025 and higher core inflation contributions. The updated projections were published in the May 2025 edition of the Quarterly Inflation Report. According […]
George Simion, the leader of the far-right party AUR, announced Tuesday, May 20, that he would challenge the result of Romania's May 18 presidential election, in which pro-EU centrist Nicușor Dan emerged as the winner, at the Constitutional Court (CCR). He made several accusations of external political...
A new study conducted by the National Sample agency (formerly European National Panels), which thoroughly analyzes how people use social media, shows that Facebook remains the most popular social network in Romania, actively used by 75% of the online population aged 18 to 54. Romanians between 45 and 54 use Facebook with preference, while younger […]
RIVUS Cluj-Napoca, the mixed-use urban reconversion project developed by companies IULIUS and Atterbury Europe, was granted the largest loan for a new real-estate development in Romania, namely EUR 400 million. Around EUR 180.3 million will be provided by the European Bank for Reconstruction and Development (EBRD). Thanks to the loan, Cluj-Napoca will see the transformation […]
Former prime minister Marcel Ciolacu announced on Tuesday, May 20, that he has resigned as head of the Social Democratic Party (PSD), the largest in the Romanian legislature. The interim leadership of the party will be taken over by transport minister Sorin Grindeanu, a close ally of Ciolacu, who secured the position with 67 votes to […]
