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Top officials in the Romanian government, including president Nicusor Dan, signalled their opposition to the Constitutional Court (CCR) decision establishing that the modified law governing the National Integrity Agency (ANI) is partially constitutional, despite amendments that would apply retroactively. The most controversial amendment of the law, initiated by the Social Democratic Party (PSD), stipulates that…

Romania allocates the lowest percentage of its Gross Domestic Product (GDP) to education in the entire European Union, namely 3%, while the European average is 4.7%. On the other hand, Sweden allocates the most – 6.8%, according to data published on Tuesday, August 18, by Eurostat – the European Statistical Office. Furthermore, Romania allocates the…

The draft guide for prosumers who want to install energy storage systems is available, starting August 18, on the website of the Ministry of Environment, Waters, and Forests, according to a press release from the Ministry of Environment. The budget of the scheme is RON 400 million (EUR 26.3 million). The funding granted by AFM…

North Bucharest Investments (NBI) is expanding its partnership with Astorium by adding Astorium Boutique to the company’s portfolio. Located in the Theodor Pallady area, the project introduces a boutique residential concept centred on lifestyle, privacy and the connection between indoor and outdoor living, in one of Bucharest’s emerging residential hubs. North Bucharest Investments is strengthening…

The most severe scenario presented by the latest edition of PNRR Monitor compiled by an independent platform supported by Save Romania Union (USR) regards the failure of two or more key reforms, along with the failure to complete major investments. Under this scenario, the estimated losses exceed EUR 2.5 billion out of a total of…

Romania’s general government debt increased by RON 22.5 billion (EUR 4.3 billion) in May to RON 1.19 trillion (EUR 227.5 billion) at the end of the month, according to data published by the Finance Ministry. The debt-to-GDP ratio rose by 1.2 percentage points during one month only, from 60.2% at the end of April to…

The multi-story parking facility outside the Arrivals Terminal at Bucharest’s Henri Coandă International Airport temporarily closed on Wednesday, August 19, for major structural work. Access will remain restricted until the investment is completed in early 2027, according to the Bucharest Airports National Company (CNAB). “Starting Wednesday, August 19, the Arrivals parking facility will temporarily close,…

Romania’s Romgaz (BVB: SNG) expects its new 430 MW gas-fired power plant in Iernut to synchronise with the national grid and inject its first electricity by the end of 2026, with construction expected to accelerate from September, Chief Executive Officer Răzvan Popescu said during a conference call with analysts. The company has not yet set…

Romania has sufficient domestic generation and import capacity to compensate for the shutdown of reactor 2 at the Cernavodă nuclear power plant, with authorities expecting no major problems in meeting electricity demand this week, the Ministry of Energy said. The comment regards electricity availability and not the prices, which are expected to increase at the…

Romanian political parties are set to hold a new round of negotiations on the unitary wage law at Cotroceni Palace on August 20, as the government faces an end-August deadline to adopt the legislation and secure EUR 770 million in National Recovery and Resilience Plan (PNRR) funding, official sources told News.ro, as reported by Digi24.…