The government has allocated RON 13.6 billion from the Budget Reserve Fund for education, health care, social assistance benefits and pensions, Finance Minister Marcel Bolos announced on Thursday, noting that this mechanism will be used until the end of the year for the appropriate control of state budget spending."The government has allocated RON 13.6 billion from the Budget Reserve Fund for important activities such as education, health care or social assistance benefits, including the funds necessary for the disbursement of pensions. The Budget Reserve Fund mechanism was adopted as we pursue a year-end budget deficit target of 4.4 percent of GDP, as set forth in the Convergence Program, and this is an extremely serious commitment undertaken towards the European Commission. Under these circumstances, the control over state budget expenditures must be an appropriate one, attaching utmost priority to the state's operating expenses, but also to the completion of investment projects with EU funding," Bolos said at the Victoria Palace of Government after the meeting of the Executive.He explained that through the Cohesion Policy for the 2014 - 2020 programming period, Romania must absorb an EUR 24 billion allocation until December 31, 2023."That's why these types of investments are the priority in financing and implementing projects," the minister emphasized.According to Marcel Bolos, Ordinance No. 90 of 2023 was approved exactly in order to ensure a correct management of state budget allocations, its purpose being to ensure priority funding for EU-funded investment projects, as well as for those financed under the National Recovery and Resilience Plan."As such, we will use the Budget Reserve Fund mechanism until the end of the year and we will try to ensure full financing for these priority investment projects for Romania," the Finance minister said.
Over a third of Romanians, around 35%, would vote for the opposition party Alliance for the Union of Romanians, or AUR, according to data from a CURS survey published on Sunday, November 2. A further 24% of votes would support the governing Social Democratic Party, or PSD. The two other parties included in the current […]
The Romanian government and one of the most important European arms manufacturers, Rheinmetall, signed a cooperation agreement regarding the construction of a powder factory on Monday, November 3. The value of the investment is EUR 500 million, and Romania may be able to secure EU funding for it through the Security Action for Europe program, which […]
More than twenty years after launching Flavours Group, Romanian entrepreneur Raluca Țeposu continues to shape Romania’s modern food and hospitality landscape through a mix of creativity, consistency, and care. What began in 2002 as a small catering company built on the simple idea that “food should be about joy, connection, and good energy” has evolved […]
North Bucharest Investments (NBI), a real estate investment and management company, reports a transaction volume of €161 million as of the end of October 2025. By the end of the year, the company anticipates a 25% increase compared to the average level of the reporting period, driven by sustained investor interest and new investment packages […]
Cambridge School of Bucharest (CSB), one of Romania’s leading British international schools, is delighted to announce its Open Days for Admissions for the 2026–2027 academic year, to be held on Wednesday, 19 November, and Friday, 21 November 2025, at its modern campus in Pipera. The Open Days provide prospective families with the opportunity to explore […]
Romania signed a Memorandum of Understanding regarding military cooperation with Egypt on Sunday, November 2. The understanding includes exchanges of expertise, joint exercises, and concrete projects in the field of defense. After the signing, defense minister Ionuț Moșteanu said that among the topics discussed with counterpart Abdel Mageed Ahmed Abdel Mageed Saqr were the security […]
