Category: Uncategorized

Romania’s general government budget deficit has widened by 70% y/y in the first nine months of 2024 to RON 96.2 billion (over EUR 19 billion), according to data published by the Finance Ministry. The revenues increased by 13.0% y/y to RON 416 billion, and the tax revenues alone rose by 14.3% y/y, which is not…

Aggressive behavior in traffic can now be reported on a new online platform introduced by the Ministry of Interior, the Romanian Police announced. Thus, as of October 27, in the ESAR (sesizări abateri rutiere) section of the Hub.mai.gov.ro platform, road users can send information about aggressive drivers. To submit a report, citizens need to provide…

The sole public debate in Moldova’s 2024 presidential elections took place on October 27, between incumbent pro-EU president Maia Sandu and her challenger in the second round on November 3 – the former head prosecutor Alexandr Stoianoglo, backed by the moderate pro-Russian Socialist Party.  Despite president Sandu’s robust 42% score in the first round, the…

Romanian prime minister Marcel Ciolacu announced that the 2024 budget would include a 5% reduction in labor taxation on low to medium incomes, aiming to ease the financial burden on employers and support increased wages, News.ro reported.  Speaking in Argeş County after discussions with union leaders from the Dacia car factory, Ciolacu stated, “This measure…

In the ninth month of 2024, 51,701 cars were produced in Romania, 10.3% more compared to the 46,888 units assembled in September 2023, according to the Romanian Automobile Manufacturers Association (ACAROM) Of the total number of cars produced in September, 27,551 units were assembled at the Automobile Dacia factory in Mioveni, and the other 24,150…

A draft Emergency Ordinance inked by the Romanian Ministry of Agriculture, aimed at capping markups on agricultural and food products, fertilizers, animal feed, and pesticides, has drawn criticism from farmers’ and retailers’ associations. The proposed regulation, consulted by G4food.ro, would impose a cap on markups between 5% and 50% for economic operators in the agri-food…

The primary contract for the construction of new reactors 3 and 4 at Romania’s Cernavodă nuclear power plant is ready for signing, according to data reviewed by Profit.ro.  The state-controlled project company, EnergoNuclear – wholly owned by Nuclearelectrica (SNN), Cernavodă’s operator – is set to finalize the engineering, procurement, and construction management (EPC) agreement with…

Romania became, for the first time, the largest natural gas producer in the EU in the second quarter of 2024, according to data recently published by the European Commission, quoted by Economedia.ro. The country produced 2.3 billion cubic meters of gas in the second quarter of 2024, down 4% from the previous quarter but up…

The Romanian government published on October 25 the medium-term fiscal-structural plan, the document which provides a set of reforms that would eventually result in a trajectory for the adjustment of the budget deficit for a period of 7 years. The plan, already submitted to the European Commission, must be approved by the Commission before it…

Romania’s public debt, as measured by the EU methodology, rose by RON 16 billion or EUR 3.3 billion in July, which is a lot for a slow summer month with no FX bonds, according to data published by the Finance Ministry. Under the national definition of public debt, which includes borrowing from the government’s reserve…