Romanian finance minister Alexandru Nazare (Liberal Party, PNL) announced several reforms aimed at boosting tax revenues and tightening fiscal discipline on Wednesday, August 13. However, he later deferred publishing the document promised during the press conference, perhaps in response to criticism regarding loopholes and inaccuracies in his package.
Minister Nazare expressed hopes that the ministries in the ruling coalition, which have previously inked measures for a...
David Popovici, Romania's Olympic, World, and European swimming champion, has been named the first "Friend of the Brand" by Porsche in the country. The partnership marks a significant recognition for the 20-year-old athlete, whose extraordinary achievements have made waves on the global swimming stage. Popovici is the only...
Romania’s men’s national basketball team qualified for the 2027 FIBA World Cup qualifiers after defeating North Macedonia 79-66 (26-19, 19-15, 14-15, 20-17) on Wednesday, August 13, in Oradea. Romania faced North Macedonia as part of Group E of the second phase of the competition’s pre-qualifiers. The top two teams qualify for the 2027 World Cup […]
The National Federation of Public Administration Trade Unions (FNSA) has voiced strong opposition to a government proposal to reduce staffing levels in local public administration by 20%, warning that the move could paralyse essential services. The reform plan, published this week for public consultation by the Ministry of Development, Public Works and Administration, envisages the […]
Romania’s economy grew by only 0.3% gross in the first half of 2025, and by 1.4% in seasonally adjusted series, according to data published Thursday, August 14, by the National Institute of Statistics (INS). In the second quarter of 2025, compared to the previous quarter, the Gross Domestic Product increased by 1.2%. Compared to the […]
The Constitutional Court of Romania could again strike down the government’s bill to reform magistrates’ special pensions on procedural grounds, G4Media.ro reported on August 13, citing Senate...
State-owned Hidroelectrica (BVB: H2O), Romania’s largest energy producer, posted a sharp decline in financial results in the first half of 2025 due to poor hydrological conditions and lower electricity prices, according to the financial results published at the Bucharest Exchange. Revenues fell 16% year on year to RON 4.3 billion (EUR 860 million), while net […]
