Social/Politics
Romania Won't Shut Down Its Economy Again, Says Finance Minister
Romania will not shut down its economy as it did during the two-month state of emergency in spring, finance minister Florin Citu said Thursday in a radio interview.
Romania to Sign $8B Financing Agreement with US for Cernavoda Nuclear Reactors
Romania will sign a financing agreement totaling $8 billion with the United States for the refurbishment of one nuclear reactor and the building of two new reactors at the Cernavoda nuclear...
Romaero Becomes Global Supplier for Patriot Defense System
Raytheon Missiles & Defense, one of four businesses of Raytheon Technologies, has placed an order to Romanian aircraft parts maker Romaero for the manufacturing of components for the Patriot...
Romanian Government Granted RON664M State Aid in Past 11 Months
Romania's finance ministry has granted state aid to companies in the past 11 months totaling RON664 million for 21 projects with a major impact on the economy and regional development projec...
Romania Gets EUR4B Loan from EU to Protect Citizens Affected by COVID 19
Romania is borrowing EUR4 billion from the European Union to protect citizens affected by the COVID 19 crisis. The government will use the money to implement protective measures adopted sinc...
Romanian Government Plans New Budget Revision by Year-End
Romania's liberal government is planning a new budget revision by the end of this year and the 2021 state budget will be approved by the future government, as the country holds parliamentary...
EC Approves EUR550M of Cohesion Policy Funds to Support SMEs in Romania
The European Commission will redirect EUR550 million cohesion policy funding to help over 120,000 Romanian SMEs affected by the coronavirus crisis.
Romanian Regional Airports Get RON22M State Aid to Cover Pandemic Losses
Romania's regional airports in Cluj, Iasi, Sibiu, Craiova and Bacau will receive state aid totaling RON22.2 million to compensate for losses incurred in the period May-June due to pandemic-r...
Central Bank: Budget Deficit Can't Be Adjusted Brutally
Romania's major macroeconomic challenge starting 2021 is adjusting its budget deficit and macroeconomic imbalances as international markets are unlikely to accept large deficits for years to...