The government of Romania published on January 30 the budget plan for 2025, with a deficit target of 7.04% of GDP.  The public deficit would thus drop by 13.5% y/y from RON 153 billion in 2024 to RON 135 billion in 2025.

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.

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.

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),

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.

In January, gas supplies via the European route of the Turkish Stream reached an average daily record. The Balkans and Romania needed Russian gas. If Serbia and Bulgaria were temporarily left without supplies from Azerbaijan,

Almost a fifth of Hungary’s population has relatives in neighbouring countries, within the historical boundaries of what was Hungary before it was partitioned in the aftermath of World War I, a 2020 s

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.

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.

The 'BornToGetThere' program brings to clinical practice a suite of tools for early detection of cerebral palsy.

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.

SPAIN continues to have some of the worst school drop out figures in the European Union- only beaten by Romania. But the latest numbers from the Active