The Hungarian presidency of the EU Council asks that Romania and Bulgaria become full members of the Schnegen Zone by the end of this year, Hungarian PM Viktor Orban told the plenum of the European Parliament, in Strasbourg, as part of the debate on the priorities of the Hungarian Presidency.The Hungarian head of Executive said that the asylum system does not function and that "if we allow someone in, we cannot ever send him back home again.""The EU policy on migration failed, and we can see the consequences of this fact. Several member states are trying to find solutions. Illegal migration and the fears related to safety led to strengthened border controls," Orban said at the debate.In this context, Viktor Orban proposed a system that will allow high level meetings between heads of state and Executive of the Schengen member states, the same as it happened for the Eurozone in 2008, during the financial crisis. (Photo:https://multimedia.europarl.europa.eu/en)
The president of the junior ruling Liberal Party, Nicolae Ciucă, urged prime minister Marcel Ciolacu "to urgently explain what he will do so that Romania does not lose the approximately EUR 1.1bn from the Resilience Facility" suspended by the European Commission for six milestones not met by the country. Ciucă thus validates the EUR 1.1bn […]
Ford Otosan announced on October 15 that it will open in November waiting lists for Romania customers interested in buying the new fully electric model E-Tourneo Courier, produced in the factory in Craiova. The first vehicle deliveries are expected in the first quarter of 2025. The E-Tourneo Courier Trend (passenger version), with a 100 kW […]
Two new private equity funds - Evolving Europe Principal Investments Fund II and Finance in Motion Renewables Growth Fund - will receive up to EUR 27.5 million under the national implementation of the Resilience Facility (PNRR) to invest in Romanian companies, the Romanian Ministry of Investments and European Projects (MIPE) announced. The Investment Committee appointed […]
UniCredit downgraded its 2024 growth forecast for Romania to 1.7% (from 2.4% in July) due to the poor performance in H1 and a slower-than-anticipated recovery in the EU, but it upgraded its 2025 outlook to 1.9% (from 1.3% in July) owing to base effects, according to the latest research report of the financial group. The fiscal...
The medium-term fiscal plan that Romania is supposed to send to the European Commission (EC) this month under the Excessive Deficit Procedure has among its objectives cutting the budget deficit to 2.4% in 2031 and bringing the public debt to GDP ratio under 60% by the end of the seven-year period (after possible deviations above […]
The European Commission announced on October 15 that it had endorsed a positive preliminary assessment of the six targets and 62 out of 68 milestones linked to Romania's third payment request for EUR 2 billion (net of pre-financing) under the Recovery and Resilience Facility. The Commission found that six milestones have not been...
