ING says fiscal package brings Romania lower twin deficits at cost of growth

Romania's fiscal consolidation plan will help government achieve its deficit targets of 7.5% this year and 6.4% in 2026 from the record 8.7% of GDP in 2024 (cash terms) and will moderate the current account (CA) deficit from 8.3% of GDP in 2024 to 7.5- …

Arizona to be first US state to open trade office in Romania, says Embassy

Arizona will become the first US state to open an economic representative office in Romania, following a decision by the state legislature to allocate USD 125,000 in its fiscal year 2026 budget for the establishment of the office in Bucharest. The new …

Romania expands voluntary military service to replace aging reservists

Romanian defense minister Ionuț Moșteanu announced on Wednesday, July 16, that the government is planning to expand the voluntary military service. The measure is being taken given that the current reservists have aged.  During an interview, the minister …

Romania’s former tourism minister Elena Udrea released on parole

Former tourism minister Elena Udrea is to be released on parole from Târgșor Prison on Thursday, July 17, following a final decision issued by the Prahova Tribunal. The court rejected an appeal filed by the anti-corruption prosecutors (DNA Ploiești), who …

'It’s outrageous': The Wolves academy winger who has left the UK behind for Romania and European football

Granted the former Wolves winger will have known little about the family uprooting from his birthplace in Taunton for Scotland when he was just 18 months old. But heading to Wolves shortly after his 18th birthday was a sizable step both geographically and …

A journey through Europe: After theft in Luxembourg, woman locates phone in Romania

Romanian president to return to Parliament amendments to law against extremist organisations

Romanian president Nicușor Dan announced on July 18 that he will return recent amendments to the country’s law against extremist organisations to Parliament, despite the Constitutional Court rejecting his objections. The announcement was made during a …

Majority shareholder of Patria Bank considers full or partial stake sale

EEAF Financial Services BV, the majority shareholder of Patria Bank (BVB: BPK), is evaluating strategic options for its 84.05% stake in the Romanian credit institution, including a potential full or partial sale, the bank announced on July 18. The move …

Can you drive in the UAE with GCC licence? Eligibility and exchange rules explained

GCC nationals can drive in the UAE with their home licences as visitors but must exchange them upon gaining residency/ Representative Image TL;DR GCC nationals can drive in the UAE using their home country licence while visiting. Once a GCC national …

Democracy can rise from dictatorship without bloodshed

A fundamental transformation in the structure of power – especially in a country like Iran with a turbulent political history – requires precision, foresight, and inspiration drawn from nations that have previously transitioned from dictatorship to …