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The budgetary corrective package 2025-2026 could avert a sovereign rating downgrade, the Romanian Fiscal Council concludes in its opinion on the fiscal package approved by the government on July 3. There was no alternative to the fiscal package, and the urgency has not allowed better optimisation of measures, the Council explains in a strong backing…

The significant fiscal consolidation measures recently adopted by the Romanian government are “an important and positive step” towards complying with the new Excessive Deficit Procedure (EDP) recommendation, provided that all measures are fully and swiftly legislated and implemented, Valdis Dombrovskis, Executive Vice-President of the European Commission responsible for Trade and Economy said in his remarks…

Hydrocarbon production of Romania’s largest oil and gas producer, OMV Petrom, fell by 7.2% y/y in Q2, of which gas production fell by  6.4% y/y. Even though total gas sales decreased from 50 to 47 thousand boe/day, those to third parties increased from 6.53 TWh in the same quarter last year to 8 TWh.  OMV Petrom…

The Romanian mergers and acquisitions (M&A) market reached an estimated value of USD 4.1 billion in the first half of 2025, marking a 45% increase compared to the same period in 2024, EY Romania reported on July 8, according to Ziarul Financiar. Romania’s mergers and acquisitions (M&A) market recorded 122 announced transactions worth over EUR 2.7 billion in…

Romanian prime minister Ilie Bolojan held a phone conversation with his Ukrainian counterpart, Denys Shmyhal, on Tuesday evening, July 8. The two leaders discussed Russia’s illegal invasion of Ukraine, its impact on civilian infrastructure and the population, as well as the broader regional and global consequences. During the call, prime minister Bolojan reaffirmed Romania’s support…

Agricover Credit IFN, a financial institution specializing in financing farmers, part of Agricover Group, and the European Fund for South-East Europe, signed a new loan agreement worth RON 100 million. The financing is granted for seven years. Access to finance remains one of the biggest challenges for small and medium-sized farmers in Romania, despite their…

Romanian president Nicușor Dan has appointed university professor Dacian Cosmin Dragoș as a judge on the Constitutional Court (CCR). The appointment was made official on Tuesday, July 8, through a presidential decree.  Dragoș, a professor at the Faculty of Political, Administrative and Communication Sciences and a PhD supervisor at the Faculty of Law at Babeș-Bolyai…

Romania will be represented by several important film productions at the 78th edition of the Locarno International Film Festival, taking place in Switzerland between August 6-16. Three of the Romanian feature films selected are produced or co-produced by the company microFILM, and will be presented as world premieres. They are “Sorella di Clausura” (directed by…

This year, the UNFINISHED festival will celebrate ten years with a new edition, taking place from September 26 to 28 in Bucharest. After that, the festival will move to a new format, according to the organizers. Founded in 2016, the festival has grown into a unique project at the intersection of art, science, philosophy, activism,…

Timișoara, a major city in western Romania, has been named the best family vacation destination in Europe this summer in a new ranking by DiscoverCars.com. The study compared over 100 cities across Europe, analyzing accommodation and attraction costs, weather conditions, and airport connectivity to identify the most affordable and family-friendly spots, and Timișoara came out…