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Romania risks losing billions from the National Recovery and Resilience Plan (or PNRR) if it does not adopt the promised reforms in the coming months, according to prime minister Ilie Bolojan. To do so, the crumbling centrist coalition must put aside its differences and pass nine laws. PNRR funds finance some of the most important…

Romania’s political crisis is set to deepen as two major parties move to challenge the government in Parliament. The Social Democratic Party (PSD) and the nationalist party AUR (Alliance for the Union of Romanians), which is currently in opposition, are preparing a joint no-confidence motion against the cabinet led by Liberal (PNL) prime minister Ilie…

A US federal court has ordered Romania to pay an additional USD 5.8 million in accrued sanctions in the long-running Micula case, adding to the financial pressure on the Romanian state in one of its most complex international legal disputes. The ruling is the latest development in the long-running international dispute between investors Ioan and…

A Russian drone with explosive load onboard and identified as Geran 2, reached the northern outskirts of the Romanian city of Galati in the morning of April 25, in the first incident of this magnitude since Russia invaded Ukraine in 2022. The drone crashed, damaging an outbuilding and an electricity pole, after flying for some…

After repudiating Liberal (PNL) prime minister Ilie Bolojan and pulling out its ministers from the executive, Romania’s Social Democrats (PSD) ponder forcing the head of the government to require a vote of confidence in Parliament for the entire executive, rather than for the interim ministers, after the expiry of the 45-day term of his interim…

Electro-Alfa International (BVB: EAI), a Romanian company specialising in the field of electrical equipment and energy efficiency solutions, listed on the Stock Exchange last month, announced it is preparing a project company that holds the rights and authorisations necessary for the development of an electricity storage facility – BESS, with an installed capacity of approximately…

The turnover volume index for the companies in the sectors of services to households contracted by 10.7% y/y in January-February, or by 7.6% y/y if adjusted for the workday number, according to the statistics office INS. However, this came after a sharp 16.2% y/y expansion of the workday-adjusted index in the first two months of…

Romanian prime minister Ilie Bolojan announced that the government will provide financial aid to families affected by a major fire in the commune of Soveja, in Vrancea County. The blaze, which broke out on Sunday, April 26, damaged roughly 30 households and forced evacuations. In a statement on social media, Bolojan said authorities ensured emergency…

Romanian prime minister Ilie Bolojan announced that the government will propose increasing the retirement age for military and police personnel, arguing that the current system is no longer economically sustainable, he said in an interview with Europa FM, as reported by Ziarul Financiar. Bolojan pointed to what he described as structurally early retirements in the…

Romania’s Ministry of Finance has initiated a sweeping reorganisation of the National Agency for Fiscal Administration (ANAF), closing numerous local tax offices and accelerating the shift towards digital services, as part of a broader effort to improve tax collection and reduce administrative costs, Cursdeguvernare.ro reported. Finance minister Alexandru Nazare said the reform will target municipal,…