The draft budget for 2025 will be finalized on Thursday, and Saturday it will be approved in the government and next week in the parliament, announced on Wednesday night the minister of finances, Tanczos Barna.‘It is a frugal budget (…). We have the figures and the calculations done. Tomorrow the budget is finalized and we will present the figures exactly (…). The calendar is finalized. On Saturday we adopt the budget in the government. On Saturday it is sent to the parliament, there will follow the period of amendments lodging and next Saturday, surely, the budget is approved in the parliament’ explained Tanczos Barna in a statement sent by TVRInfo.He mentioned that the budget includes money for investments in infrastructure, for salary and pension payments at the level of November 2024. ‘The budget covers highways for 20 million Romanians, the budget includes money for all the Romanians for the rural infrastructure development, we have money to pay the salaries in Education, the ministry of interior affairs, all the ministries needing salaries, at the level of 2024, we have ensured financing for all pensions (…).What I can tell you about the pensions is that the necessary sums for pensions payment are in the budget. All pensions can be sure that pensions, as they were calculated and paid last year in November-December will be paid in 2025 every month’ said the minister of finances, also mentioning that the Ministry of Defence will have a larger budget than the one in 2024. (Photo:https://www.facebook.com/)
Romania has signed a major contract with France for the acquisition of Mistral portable short-range air defense missile systems. The agreement was concluded on Tuesday, November 25, between Romania’s Ministry of National Defense and France’s Ministry of the Armed Forces and Veterans, through their respective General Directorates for Armaments. The acquisition is valued at EUR […]
The European Parliament called on November 26 for EU-wide rules to strengthen the protection of minors online, recommending a minimum age of sixteen for accessing social networks, video-sharing platforms, and AI chatbots, according to a statement from the institution,
The government of Romania will be empowered to establish, ex officio or upon request, by Government Decision, an extended surveillance regime over local companies strongly affected by economic sanctions imposed by other states, according to the legislative project prepared by the government, given that the situation of the assets held by the Russian giant Lukoil […]
The European Commission (EC) will reportedly give Romania four more months to appoint permanent management under competitive procedures at 48 state-owned enterprises (SOEs) in the energy sector, after the Romanian government agreed to double the fine paid by the country and the penalties charged to those responsible (ministers) if the milestone set under the Resilience […]
The Romanian banks boasted in 2025 virtually the same record aggregated net profit as in 2024, namely RON 11.6 billion (EUR 2.3 billion, -0.6% y/y) in January-September and RON 6.2 billion (EUR 828 million, -0.3% y/y) in Q3 alone, according to data published by the National Bank of Romania. The non-performing loan (NPL) ratio has […]
The Romanian Parliament approved the National Defense Strategy on Wednesday, November 26, with 314 votes in favor, 43 against, and three abstentions, following a joint session attended by president Nicușor Dan. The document will guide national security policy for the 2025-2030 period. During the parliamentary debate, Ana Maria Gavrilă, leader of the opposition party POT, […]
