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The European Commission will operate the third disbursement under the Resilience Facility to Romania by the end of the year, but the disbursement will be “partial” as only 38 reforms out of the total of 55 were met, Romanian minister of investments and European funds Adrian Caciu said on September 23. Earlier this month, MEP…

Based on the first budget revision endorsed by the government on September 23, the Fiscal Council estimates that the full-year cash deficit will reach 8% of GDP instead of the 6.9% targeted by the Executive, according to a Council’s opinion. The ongoing negotiations with the European Commission ahead of an expected medium-term fiscal consolidation plan may…

The government of Romania approved on September 23 the budget revision that brings the deficit to 6.9% of GDP from 5% previously and revises the economic growth assumption down to 2.8% of the GDP from 3.4%.  Prime minister Marcel Ciolacu said this is “a positive budget correction” because “additional resources are allocated for all major…

Non-profit Romanian United Foundation (RUF) plans to expand the Romanian-language courses it currently offers in Chicago to five additional communities in the United States and Canada. “By expanding the Romanian language courses and applying the successful model in Chicago, we hope to offer valuable educational opportunities and strengthen the ties between Romanians in North America,”…

Nearly 3,000 foreign citizens attempted to cross the border illegally in the first 8 months of the year, with almost 2,000 discovered while trying to exit the country, according to a report from the Romanian Border Police.  During this period, over 40 million people crossed the border, including approximately 28 million EU citizens and 12…

Brașov is currently considered the most accessible city in terms of public transportation in Romania, according to its residents. Târgoviște and Sibiu are also in the top three of the ranking compiled in a new report by Storia. The study authors mentioned that the data was sourced from platforms like Google Traffic, Google Places, Airly,…

The BET index, the main index of the Bucharest Stock Exchange (BVB), included on Monday, September 23, two new companies, namely Antibiotice Iași (ATB) and Premier Energy (PE). Antibiotice is Romania’s leading producer of generic medicines and has been present on the capital market for over 27 years, being active for over 70 years. Its…

• The ratio of Private Equity investment value to Romania’s GDP is just 0.041%, ten times lower than the similar ratio at the European level. • EUR 400 million is available through the PNRR for private investments, of which EUR 265 million have been allocated to date and only EUR 60 million have been invested.…

The recent floods caused damages estimated at RON 62.2 million (some EUR 12.5 million) in the county of Galați, eastern Romania, the County Council said. The exact value will be established after the expertise and technical documentation are completed. Galați, in eastern Romania, was severely hit by the recent flooding. The county of Vaslui was…

Bucharest Christmas Market, the main event of the holiday season in the Romanian capital city, will open its doors on November 29. According to an announcement from CREART – Bucharest’s Center for Creation, Art and Tradition, the annual fair will once again transform Constituției Square in downtown Bucharest, close to the Parliament Palace, awaiting visitors…