Europe Romania A revision of this year’s budget is scheduled in the first half of August; it would need to include a 10% cut to each ministry’s budget, but also the support measures to mitigate the impact of inflation and increasing energy prices
Europe Romania Prime Minister Marcel Ciolacu resigned as the candidate backed by his ruling coalition performed poorly in the first round of Romania’s presidential elections and a far-right candidate came out on top
Europe Romania State aid schemes for companies affected by US customs tariffs have been announced; support measures for all affected industries would be as efficient and easy to implement as possible so that they can take effect as soon as possible, PM said
Europe Romania With 77 deaths per million inhabitants, Romania still has the highest road accident rate in the European Union, despite a 4% drop in 2024 compared to the previous year
Europe Romania Banca Transilvania, Romania's largest financial group, recorded substantial growth in 2024 thanks to both organic expansion and the strategic acquisition of the branches of the Hungarian OTP group in Romania, approaching a net profit of €1 billion