Romania's general government budget deficit reached RON 153 billion (over EUR 30 billion) in 2024, nearly 70% more compared to 2023, according to data published by the Finance Ministry. The deficit-to-GDP ratio reached 8.

By Iulian Ernst in Bucharest Romania’s Energy Minister Sebastian Burduja has called for an end to the European Union’s environmental policies, arguing that they are driven by ideology rather than sound public policy and have caused significant economic harm.

Romania's attempts to restore investor confidence and lower the European Union's highest budget deficit have hit early hurdles in a year fraught with political jeopardy and the risk of losing its coveted investment-grade ratings.

EU finance ministers approved Romania's deficit-cutting plan on Tuesday to bring its fiscal deficit below 3% of national output by 2030, a move Bucharest hopes will help reassure investors about its economic outlook and tame surging bond yields.

Romania has requested EUR 77 million of European funds to finance two infrastructure projects connecting Romania with the Republic of Moldova, namely the Albița - Leușeni Bridge, along with an access road,

The only uncertainty was the identity of the runner-up, with a number of candidates vying for position: Nicolae Ciucă of the conservative National Liberal Party (PNL), George Simion of the reactionary Alliance for the Union of Romanians (AUR),

Independent suveranist candidate Calin Georgescu, who was in the lead in the first round of the Romanian presidential election, said that Ukraine is a "fictional state" and its division between neighboring countries is inevitable.

The suspects allegedly hired 197 positions for a network of fake companies, in order to defraud EU and Romanian government subsidies aimed at helping the unemployed.

Encouraged by his position as the coalition’s power broker, UDMR leader Kelemen Hunor (leader of the Democratic Alliance of Hungarians in Romania) has

By Iulian Ernst in Bucharest Romania's Budgetary-Structural Plan was approved by the EU's Economic and Financial Affairs Council (ECOFIN) on January 21, alongside similar plans for 20 other EU member states,

Romania faces mounting challenges in reducing its EU-leading budget deficit. Political instability and potential loss of investment-grade status from major rating agencies threaten to increase borrowing costs.

Romanian Railways has announced Railworks as the preferred bidder for a $US 474.5m contract to upgrade a main line in southern Romania.