The talks were aimed at ensuring that a pro-European candidate would make it through to the second round of the election.
Romania’s ruling parties lost ground ahead of a re-scheduled presidential ballot, with the latest poll showing support for the front-runner far-right candidate as well as the independent mayor of the capital.
Romania’s public debt reached RON 937 billion (EUR 188.3 billion) at the end of November 2024, according to data published by the Finance Ministry. The debt-to-GDP ratio reached 54.3%, based on the latest four-quarter GDP available (RON 1,
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.
Paladuta returned to his native Romania before any charges were laid, but was extradited back to the UK to stand trial. The 29-year-old pleaded guilty to two counts of rape during a hearing at Reading Crown Court earlier this month and later sentenced to seven-and-a-half years in prison.
The Church of Almighty God, one of China's largest Christian sects, is finding followers all over the world and making new headway in Romania, where the group's online efforts are drawing new converts to its controversial teachings and helping to grow its presence across Central and Eastern Europe.
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 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.
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.
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Norofert (BVB: NRF), a Romanian producer of organic agricultural inputs, has issued RON 7 million (EUR 1.4 million) in bonds under the Multilateral Trading System of the Bucharest Stock Exchange (BVB),