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In line with the position of president Nicusor Dan, Romania’s foreign minister Oana Toiu avoided taking sides in the conflict between the European Union and the United States, prompted by Donald Trump’s decision to take over Greenland “one way or another” – a conflict in fact not even mentioned by minister Toiu or president Dan…

Romania’s government plans to promote a public administration reform law and an accompanying “economic recovery package” in parliament on January 29, prime minister Ilie Bolojan said during a meeting of the National Liberal Party (PNL). Economedia.ro reported on January 19, citing a PNL press release, that the cabinet intends to seek rapid approval of both…

Romania’s government plans to publish and approve the draft public budget for 2026 by mid-February, with parliamentary debate and a final vote scheduled for the second half of the month, minister of finance Alexandru Nazare said in a Facebook post on January 19. He noted that the agreed calendar reflects a shared understanding within the…

Romania’s general government budget deficit was around RON 145 billion or 7.65% of GDP last year under cash terms, larger than the 7.1% of GDP initial target and the 7.5% of GDP target set in July – but also below the 8.4% of GDP value set under the budget planning revised in September and endorsed…

The residential property market ended 2025 with its weakest fourth-quarter performance in years, after the VAT increase weighed heavily on demand, according to a report by real estate consultant SVN Romania. The final quarter marked the weakest year-end for residential sales in the Bucharest–Ilfov area in the past nine years and the poorest fourth-quarter result…

Romania’s competition authority Consiliul Concurentei set fines in combined amount of nearly EUR 3 million for 25 car repair shop partners of Auto Italia Impex and two insurers (Gothaer, meanwhile taken over by Allianz-Tiriac Unit Asigurari) and Uniqa, for colluding in order to fix and/or standardize labor rates, spare parts prices, and other commercial conditions.…

Amid an average temperature some 4 degrees below the period’s averages, Romania recorded on January 19 the highest instant electricity consumption in the past five years, namely 9.235 MW – which promoted “operational stress” on the power grid according to energy minister Bogdan Ivan. With the wind farms generating some 1 MW and the coal-fired…

In line with the consensus expectations, the National Bank of Romania (BNR) on January 19 kept the monetary policy rate at 6.5%. With headline inflation close to 10% since August after a supposedly one-off price shock expected to be muted by demand-side drivers, the monetary authority is unanimously expected to cut the rate down as…

Arad, in western Romania, could become the first city in the country to introduce free local public transport, mayor Călin Bibarț said on Monday, January 19. The local administration is currently consulting the relevant national legislation required to draft a proposal that would be submitted for approval to the Municipal Local Council, according to the…

Several unique artworks, including a drawing by Pablo Picasso and two significant works by Nicolae Grigorescu, part of the Darius Vâlcov Collection, are set to be sold at auction by Romanian auction house Artmark. Overall, the collection includes several masterpieces with museum value and international recognition. The works were gathered over approximately a decade, from…