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A realistic deadline for forming the new government is two weeks from now, Romania’s president Nicușor Dan said, speaking at a press conference in Vilnius on June 2. A fiscal consolidation plan agreed by the tentative ruling majority would be ready within several days, he added, according to G4media.ro. Current scenarios for fiscal reform focus on…

The technical working group formed by Romania’s four parties negotiating the formation of a governing coalition is drafting a series of cost-cutting measures aimed at reducing public expenditure, Profit.ro reported. However, no estimate of the total size of these reductions is currently available.  The measures are part of efforts to meet a fiscal consolidation target of…

Ilie Bolojan, the interim leader of the National Liberal Party (PNL) but also his party’s expected nominee for the prime minister seat, said that the Liberals are giving priority to cutting expenditures as a way to achieve fiscal consolidation, but hiking taxes is nearly unavoidable. “We will support a package of measures in which the…

Swedish safety systems manufacturer Holmbergs has filed for bankruptcy for its Romanian operations, abandoning a previously planned reorganisation, Profit.ro reported on June 2. The decision follows financial pressures, including unpaid receivables from its main client and unexpected tax liabilities. Holmbergs Safety Systems, a global player with factories in Europe, the United States, China, and Hong…

CFR Călători, the state railway operator in Romania, will launch its seasonal Trenurile Soarelui (Sun Trains) program on June 13/14, providing direct daily rail connections between major Romanian cities and the Black Sea resorts. Running through September 6/7, the program includes 54 direct trains, 32 of which are additional summer services introduced to support increased…

Romania marked a major milestone in its nuclear energy sector on Monday, June 2, with the launch of construction on Europe’s first tritium removal facility at the Cernavodă nuclear power plant. The facility, only the third of its kind in the world after those in Canada and South Korea, is set to place Romania among…

The network of clinics founded by Dr. Daniela Ionescu will open its fourth unit, the Suvenir Clinic, a multidisciplinary center specializing in the diagnosis and treatment of respiratory problems. The clinic, set to open in September of this year in Bucharest, adds to a network that already includes units in Brașov and Constanța. The total…

Directors Lina Vdovîi and Radu Ciorniciuc were awarded the Krakow International Film Festival’s Silver Horn Award for a socially relevant film for their documentary Dad/ Tata. This is the duo’s second win at the festival. In 2020, they took home the Golden Horn for best documentary film for Acasă – My Home, directed by Radu…

The president of Ukraine, Volodymyr Zelensky, invited Romanian counterpart Nicușor Dan to Ukraine ahead a bilateral meeting during the Bucharest 9 Summit in Vilnius on Monday, June 2. Zelensky made brief statements to the press upon arrival at the summit, saying that “Romania is very important” to Ukraine. He indicated that he will talk with…

Romania’s “Regele Ferdinand” (King Ferdinand) frigate is currently on rescue mission in the Mediterranean Sea, looking into the disappearance of a military master technician part of its crew. Master Sergeant Class II Viorel Culea, 46, an electromechanical specialist, was last seen on board the ship on the morning of June 1, around 04:30. The Romanian…