Prime Minister Marcel Ciolacu declared at the beginning of Thursday's government meeting that Romania's economic growth this year will be 3.4 percent, the second highest in the EU.Ciolacu mentioned that 2024 will be "the year of investments", considering "the record-high" allocation of RON 120 billion for such projects, accounting for over 7 percent of GDP.The prime minister pointed out that the reform of the public service apparatus will be one of his term's priorities, stressing that this is "the most ambitious reform of the public system" in the last 30 years."The reorganization process of the ministries and public institutions is in full swing, and this will result in substantial expense cuts. The saved money will be directed where it is needed, that is to health care and education. 2024 must continue in the same direction," said the prime minister.Marcel Ciolacu also declared that in 2023 Romania had "the highest economic growth in the region, amid very difficult conditions," and referenced the latest forecast of the European Commission, according to which ten EU countries will face economic decline, as 12 member states have "significantly" overshot their deficit targets.
The City Hall of Brașov announced that artificial snow production has started in Poiana Brașov, preparing the slopes for the upcoming ski season. Snow cannons and lances were activated on Friday morning, November 15, as temperatures reached -6 degrees Celsius at the top of Postăvaru Massif. “Considering the favorable weather conditions, with low temperatures in […]
On Thursday, November 14, the European Commission decided to refer Romania and Bulgaria to the Court of Justice of the European Union for failing to fully comply with the obligations regarding collection and treatment established in the Urban Waste Water Treatment Directive. Untreated or uncollected wastewater can endanger human health and pollute lakes, rivers, soil, […]
The big prize of the Romanian Lottery's 6/49 game was won on Thursday, November 14. The winning ticket, which brought almost EUR 9.6 million (RON 47.7 million) to the lucky player, was played at an agency in Galaţi and featured 630 combinations and one "noroc" play, costing a total of RON 4,413, the Romanian Lottery […]
New record: sales of RON 1.14 billion in the first 9 months, higher by 6.4% compared to the same period in 2023 Normalized net profit increase of 66.3% compared to 9 months 2023, to RON 71.4 million, almost 90% of the normalized profit of the entire previous year EBITDA margin reached 11.3% in the first […]
Romania's interior minister, Cătălin Predoiu, expressed cautious optimism about the country's prospects for full Schengen accession following a meeting scheduled for November 22 with Austrian interior minister Gerhard Karner. Speaking on local news channel Antena 3, Predoiu stated that "the pieces are quite well placed" for progress on accession with land borders,
Romgaz (BVB: SNG), the largest producer and main supplier of natural gas in Romania, will list its first bond issue, worth EUR 500 million and aimed to finance the Neptun Deep offshore gas project, on the Bucharest Stock Exchange on November 19. In October, Romgaz issued the first EUR 500 million tranche of a EUR […]
