Category: Uncategorized

Romania’s National Company for Road Investments – CNIR has partnered with the National Administration of Penitentiaries to allow semi-open regime detainees to work on future highway and express road construction sites.  The initiative aims to support social inclusion and provide detainees with the opportunity to gain work experience, as they can continue to work for…

The new government of Romania promises EUR 155 billion of public investments in the next five years and EUR 120 billion in the next four years, according to the ruling strategy outlined on December 23 when the lawmakers endorsed the new cabinet. The figure accounts for some 6%-7.5% of GDP per year. However, it includes…

The fragile self-declared “pro-EU” ruling coalition in Romania, formed by the same ‘grand coalition’ of Social Democrats (PSD) and Liberals (PNL) significantly less numerous in Parliament but now enjoying the support of the Hungarian party UDMR, was endorsed by the MPs with a majority of 240 votes – seven more than needed – on December…

The new executive in Bucharest has already agreed on the emergency fiscal corrective package aimed at preventing major fiscal slippage in 2025 and is set to publish the document on December 27. The document prevents the immediate enforcement of measures (rise of pensions and some wages in the budgetary sector) that would have generated supplementary…

Bucharest mayor Nicușor Dan has reiterated his intention to run as an independent candidate in the presidential elections next year, saying Romania needs a new way of doing politics. His announcement came in response to the ruling coalition’s recent presentation of their presidential candidate – former Liberal leader Crin Antonescu. Dan first announced his intention…

Daniel Christian Hulea, a Romanian man accused of contributing to the NetWalker ransomware attacks, has been sentenced to 20 years in prison after pleading guilty to conspiracy to commit computer fraud and wire fraud, according to a public announcement from the US Department of Justice.  NetWalker was a Ransomware-as-a-Service operation launched in 2019, which recruited…

The new Romanian government, headed by the same Social Democratic prime minister, Marcel Ciolacu, recently made its governance program public. Among its objectives are reducing the level of bureaucracy, maintaining the flat tax rate, and reducing the budget deficit to 7% in 2025. To reach its goals, the government reduced the number of ministries to…

Romania issued state aid worth EUR 1.3 billion during 2019-2023, with 62% of the projects being granted to foreign companies, according to an analysis conducted by EY Romania. The sectors that benefited the most from aid were the automotive industry, technology, manufacturing (light industry), medical industry, and the food and beverage industry. According to the…

The European Commission (EC) announced on Monday, December 23, that it disbursed payments under the Recovery and Resilience Facility (RRF) to Czechia, Germany, Italy, Portugal, and Romania, totaling EUR 26.8 billion in loans and grants. Under this latest disbursement, Romania received EUR 37.05 million as part of its second payment request. By comparison, according to the…

Romanian film trilogy Moromeții, directed by Stere Gulea, will be presented at the 54th edition of the Rotterdam International Film Festival, taking place from January 30 to February 9, 2025. This renowned European event, which annually presents hundreds of films across more than 20 sections, will feature the three films – Moromeții (1987), Moromeții 2…