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Former president Klaus Iohannis, former prime minister Marcel Ciolacu, and former Senate president Nicolae Ciucă were reportedly warned that Romania risks default if measures to address its growing budget deficit were not taken, according to an investigation by Europa Liberă Romania. Nevertheless, Romania’s top officials seemed to forego the country’s finances during the 2024 electoral…

Romania’s far-right Alliance for the Union of Romanians (AUR) has surged to a record-high 40.5% in voting intention for parliamentary elections, according to the second edition of the Informat.ro – INSCOP Research Barometer conducted between June 20–26. The poll shows AUR clearly leading the political landscape, with significant distance from other major parties, such as…

Arctic Stream SA, a Bucharest Stock Exchange-listed provider of IT infrastructure and cybersecurity integration solutions (BVB: AST), has announced the appointment of Florin Mărginean as its new Chief Executive Officer, effective July 7. Mărginean succeeds company founder Dragoș Diaconu, who will remain involved as Chairman of the Board of Directors. Mărginean brings over 25 years…

Unionists from the Sanitas Federation and several education sector federations will protest on July 7 in front of the Romanian Parliament against the fiscal measures proposed by the government, which they describe as austerity policies affecting public sector workers, Agerpres reported. Sanitas, which represents healthcare employees, announced its mobilisation alongside other public sector unions. “We…

Defic Globe, a subsidiary of Turkish energy conglomerate YEO Technology, has acquired 15 project companies in Romania developing renewable energy facilities with a combined capacity of 219 MW, Profit.ro reported. The portfolio, which includes battery energy storage systems (BESS) with a total potential of 320 MWh, involves a total estimated investment of EUR 220 million.…

Prime minister Ilie Bolojan announced on July 2 that the government would come up with a second package of measures by the end of the month to promote important reforms such as changes to special pensions – a milestone in the National Programme for Recovery and Resilience PNRR – the reorganization of public institutions and…

Romanian authorities believe the recently approved fiscal corrective package, with an estimated impact of 0.56% of GDP, will be sufficient to reassure the European Commission and international credit rating agencies of the country’s commitment to fiscal discipline, B1TV.ro reported. The package, adopted by the government on July 4, is designed to begin correcting Romania’s public…

Romania’s first fiscal package under prime minister Ilie Bolojan has drawn strong criticism from both employers’ organisations and trade unions, who argue that the new tax measures unfairly burden the private sector and risk worsening social inequality. The Concordia Employers’ Confederation and the Economic and Social Council (ESC) both issued negative opinions following consultations with…

The Romanian government adopted a fiscal corrective package on July 4 worth RON 10.7 billion (EUR 2.1 billion), equivalent to 0.56% of GDP. The package includes tax increases, reductions in public spending, and changes to health insurance contributions aimed at improving the general government budget balance in line with the consolidation trajectory recommended by the…

Romania’s health minister Alexandru Rogobete announced that, starting July 14, patients and their families will be able to submit complaints about hospital food through an online form on the Ministry of Health’s website. The initiative is aimed at increasing transparency and improving the conditions in medical facilities. Rogobete invited people to send photos and information…