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.

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,

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 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.

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

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.

Romania’s High Court of Cassation and Justice, equivalent to the UK’s Supreme Court, fully acquitted  Gabriel ‘Puiu’ Popoviciu in a ruling on 15 January 2025.

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