By Iulian Ernst in Bucharest Romanian Finance Minister Alexandru Nazare announced on August 13 a series of fiscal reforms ...

At 9.3 per cent of GDP, Romania’s public deficit was the highest in the EU in 2024, well above the 3 per cent threshold ...

Romanians will be limited to withdrawing a quarter of their private pension funds upon retirement and will receive the rest ...

The EC revised its economic forecast for Romania, predicting a modest GDP growth of just 1.4% in 2025, below the 2.5% projected in its previous autumn outlook. The EC anticipates a slight recovery ...

Romania’s finance chief said a new government will need to move quickly to fix state finances even after the election of Bucharest Mayor Nicusor Dan as president helped soothe market turmoil ...

Ion Iliescu, Romania’s first freely elected president after the fall of communism in 1989, who later faced charges of crimes ...