The government of Romania published on January 30 the budget plan for 2025, with a deficit target of 7.04% of GDP.  The public deficit would thus drop by 13.5% y/y from RON 153 billion in 2024 to RON 135 billion in 2025.

Romania's attempts to restore investor confidence and lower the European Union's highest budget deficit have hit early hurdles in a year fraught with political jeopardy and the risk of losing its coveted investment-grade ratings.

EU finance ministers approved Romania's deficit-cutting plan on Tuesday to bring its fiscal deficit below 3% of national output by 2030, a move Bucharest hopes will help reassure investors about its economic outlook and tame surging bond yields.

Romania has requested EUR 77 million of European funds to finance two infrastructure projects connecting Romania with the Republic of Moldova, namely the Albița - Leușeni Bridge, along with an access road,

The only uncertainty was the identity of the runner-up, with a number of candidates vying for position: Nicolae Ciucă of the conservative National Liberal Party (PNL), George Simion of the reactionary Alliance for the Union of Romanians (AUR),

The suspects allegedly hired 197 positions for a network of fake companies, in order to defraud EU and Romanian government subsidies aimed at helping the unemployed.

In January, gas supplies via the European route of the Turkish Stream reached an average daily record. The Balkans and Romania needed Russian gas. If Serbia and Bulgaria were temporarily left without supplies from Azerbaijan,

Almost a fifth of Hungary’s population has relatives in neighbouring countries, within the historical boundaries of what was Hungary before it was partitioned in the aftermath of World War I, a 2020 s

Romania faces mounting challenges in reducing its EU-leading budget deficit. Political instability and potential loss of investment-grade status from major rating agencies threaten to increase borrowing costs.

By Iulian Ernst in Bucharest Romania’s Energy Minister Sebastian Burduja has called for an end to the European Union’s environmental policies, arguing that they are driven by ideology rather than sound public policy and have caused significant economic harm.

Encouraged by his position as the coalition’s power broker, UDMR leader Kelemen Hunor (leader of the Democratic Alliance of Hungarians in Romania) has

By Iulian Ernst in Bucharest Romania's Budgetary-Structural Plan was approved by the EU's Economic and Financial Affairs Council (ECOFIN) on January 21, alongside similar plans for 20 other EU member states,