The deficit of Romania’s general government budget nearly doubled nominally (in local and foreign currency) to RON 80.9 bln (EUR 16.3 bln) in January-August, compared to the same period of 2023, according to data published by the Finance Ministry.
The deficit-to-GDP ratio rose by 2 percentage points (pp) from 2.6% to 4.6%.
The revenues-to-GDP ratio rose by 0.6 pp, while the expenditures-to-GDP ratio surged by 2.6 pp, of which some 0.8 pp can be explained by the larger investments....
Two people have lost their lives in the wildfires sweeping through multiple counties in Romania, the authorities announced. A 67-year-old woman in Maramureș county lost her life on March 7, while a 78-year-old man from Vâlcea county was found dead on March 9. In addition to the fatalities, two people have been injured, including a […]
The Sibiu-based company Con-A won, as the leader of an association, the tender for the construction of the RON 1.8 billion (EUR 360 million, VAT excluded) Craiova regional emergency hospital, Turnul Sfatului and Economedia.ro...
Two research and development projects, worth almost EUR 180 million, in the field of nuclear energy and artificial intelligence (AI), respectively, will be carried out in Romania, the Ministry of Investments and European Projects (MIPE) announced. The first project, called "4ALFRED - Research for Next Generation Reactors", has a value of over EUR 112 million […]
The completion of the 430 MW gas-fired power plant at Iernut by Spanish contractor Duro Felguera for Romgaz, expected for this summer, is at risk as the contractor faces insolvency and the payment of EUR 400 million fines related to a past contract in Algeria, according to
Top Metrology, a company specializing in metrology and trade in industrial and laboratory equipment, has launched the construction of a metal components factory for the aerospace industry. The project envisages RON 42.5 million (over EUR 8 million), out of which almost half is eligible for a state grant. It will be developed in the city […]
Romanian finance minister Tanczos Barna backed the central bank’s forecast, saying that the country’s inflation is on a downward trend and that “it will probably be 3.8% this year.” He said the average inflation would be 4.4% in 2025. The central bank envisages 3.8% yearend inflation, down from 5.1% y/y at the end of 2024. […]
