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.

Romania's largest natural gas producer, Romgaz, has awarded a EUR 226,000 consulting contract to Schlumberger, the world's largest onshore and offshore drilling services company, to assist in repurposing its depleted gas fields into carbon dioxide (CO2) storage facilities,

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

By Iulian Ernst in Bucharest Romania's Budgetary-Structural Plan was approved by the EU's Economic and Financial Affairs Council (ECOFIN) on January 21, alongside similar plans for 20 other EU member states,

Recently, the Ministry of National Defense in Romania exposed and refuted false claims made by Russian state media about alleged Romanian involvement in the conflict, according to Ziare. The Russian media claimed that drone attacks carried out by their own forces on Ukrainian port infrastructure near Romania’s border targeted a supposed operation involving Romanian soldiers.

Romania's budgetary-structural plan was approved by the ECOFIN Council on January 21, alongside similar plans for 20 other EU member states, minister of investments and European projects Marcel Boloș announced on Facebook.

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,

Polls show that if the elections (against the background of Romania's involvement in the fight against Russia) are held today, then independent suveranist candidate Calin Georgescu can win them even in the first round,

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.

Scatec has entered a 15-year contract-for-difference (CfD) agreement with Opcom, the Romanian electricity market operator.

EU finance ministers on Tuesday formally approved France's multi-annual budget plan, despite its scaled-back ambitions to rein in the country's ballooning budget deficit this year.

The European Union’s finance ministers have welcomed and approved Romania’s move to reduce its fiscal deficit below 3% of national output by 2030. Authorities in Bucharest hope the plan will ease investor concerns about the country’s economic outlook and steady bond yields that have been in a state of flux.