Latest News from Romania

Montenegro, Italy Turn on Undersea Power Cable

The presidents of Italy and Montenegro ceremonially turned on an undersea power cable connecting the two countries via the Adriatic sea on Friday, making Montenegro a Balkan energy hub at the flick of a switch.

On 32nd anniversary of Brasov revolt PM Orban says sufferings of anti-communist heroes must not be forgotten

In a message on the 32nd anniversary of the anti-communist uprising of November 15, 1987 in Brasov, Prime Minister Ludovic Orban says the sufferings of Romania's anti-communist heroes must not be forgotten. "Today it is 32 years since the moment of Brasov 1987, when workers on the industrial platform of Brasov had the courage to unite spontaneously in the streets to say no to communism.

Week In Review: Harnessing Outrage in the Balkans

All Is Not Lost

The recent French veto on the opening of accession negotiations with Albania and North Macedonia set off a deluge of analyses and expert opinions, most of which focused on how damaging the move would be to reformist efforts in the region, as well as EU credibility. Others wondered whether enlargement itself was dead?

Romania spends 0.51% of GDP on R&D in 2018

In 2018, Romania spent 4.769 billion lei on research and development (R&D), the equivalent of 0.51% of the Gross Domestic Product (GDP), according to data released on Friday by the National Institute of Statistics (INS).

FinMin says budget revision around 26-27 Nov; to take into account 4pct deficit

The budget revision for 2019 will be made in the last week of November with a 4 percent deficit, Finance Minister Florin Citu stated on Thursday evening. "The budget revision for 2019 will be around 26 November, 27 November, thus, in the week before 30 November, in the first part of that week. This revision will have a 4 percent deficit.

PM Dancila: I wish Mrs Valean success

Bucharest, Nov 14 /Agerpres/ - The president of the Social Democratic Party (PSD), Viorica Dancila, wished a lot of success on Thursday to the new European Commissioner from Romania, Adina Valean, specifying that she will never criticize a Romanian who holds a leadership position outside the country. "I wish Mrs. Valean much success.

PSD's Teodorovici: I am Al Capone, just as Mr Citu is FBI head

The Social Democratic Party (PSD)'s Executive President Eugen Teodorovici on Thursday expressed "deep disappointment and sorrow" over the fact that Minister of Finance Florin Citu "does not know how to read a budget". In his opinion, Florin Citu held "an attempt of press conference, instead of presenting a situation ten days after taking office".

Junior Achievement Romania starts NEETs in Entrepreneurship training sessions

The first youth not in employment, education or training (NEETs) have participated in training courses for labour market insertion, organized by Junior Achievement Romania in the NEETs in Entrepreneurship hub, a transnational project that facilitates the professional insertion of young people from Bulgaria, Italy, Romania and Spain.

European police break up migrant-smuggling ring

The European Union law enforcement agency says police across the continent have concluded a two-year investigation into a "massive" criminal network that was using trucks to smuggle migrants into western Europe.

FinMin warns 2019 gov't deficit to exceed 4% of GDP if nothing done in one month and half

Romania's government deficit ten months into 2019 is 2.84% of the Gross Domestic Product (GDP), a level that exceeds the estimate for the whole year, and if we do nothing in the next month and a half the deficit will exceed 4%, Finance Minister Florin Citu told AGERPRES on Thursday. "The deficit nine months into the year should have been 2.28%, but budget implementation at 9 months is 2.60%.

Record: Bulgarians Abroad Have Sent over 1 Billion in the Country

Bulgarians abroad broke the record by the amount of money they sent to their homeland.

For the first time in history, just over a billion and 100 million euros is the money which migrants transferred to Bulgarian accounts, NOVA reported.

According to statistics, about 80% of the money comes from EU countries. The exact amount is EUR 833 million.

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