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Latvian foreign minister quits amid flight spending scandal
Latvian Foreign Minister Krisjanis Karins announced his resignation on Thursday, engulfed by a scandal on taking private jets to official meetings, according to Politico. His departure effectively eliminates him…
Romania’s budget deficit up sharply as public spending spirals
Romania’s finance ministry has confirmed that the general government budget deficit rose by 70% y/y to RON29bn (€5.8bn) in the first two months of 2024. This is 1.67% of the year’s projected GDP up from 1.07% of…
Non-resident visitor spending in Romania at RON 2,675 per person in 2023
Non-resident visitors to Romania housed in collective tourist accommodation establishments spent in 2023 RON 2,675/person on average, as 50.6 percent of these travelers came to Romania for a private purpose, shows…
Warsaw to spend €27 million on bomb shelters, security infrastructure amid Ukraine war
Warsaw will boost its security over the next two to three years by paying more than €27 million on bomb shelters and other security measures amid the ongoing war in neighbouring Ukraine, Mayor Rafał Trzaskowski…
Denmark plans $6 bln boost in military spending amid defence shortcomings
Denmark will boost its defence budget by 40.5 billion Danish crowns ($5.9 billion) over the next five years to meet NATO targets and address major defence shortcomings “in a world where the international order…
Polish president to propose NATO spends 3% of GDP on defense
Polish President Andrzej Duda will propose that NATO member states raise the minimum level of defense spending to 3% of economic output in his talks with US President Joe Biden, according to Bloomberg. Duda and…
Rareș Bogdan, avertisment apocaliptic: 'Dacă tensionăm relația cu Bruxellesul, o pățim ca ungurii: ni se spendă 20 de miliarde de euro!'
Europarlamentarul Rareș Bogdan a vorbit despre ajutorul financiar venit din partea Uniunii Europene pentru România și despre cât de important este pentru țara noastră să facă parte din această uniune. „E foarte…
Consumer spending on goods, services fall by 11pct on average in Romania (survey)
Regulated energy and food prices have led to an average decrease by 11% in the consumer spending on goods and services needed for a decent living of a family with two children in Romania, meaning RON 1,118 per…
Belgian PM backs EU bonds to boost defence spending
Joint European Union borrowing could help fund higher defence spending but governments would still have to make tough political choices to sustain it, Belgian Prime Minister Alexander De Croo said, according to…
NATO chief says 18 countries meet 2% military spending target
NATO‘s Secretary General Jens Stoltenberg said on Wednesday that 18 out of 31 NATO countries will hit the target of 2% in defence spending of their gross domestic product in 2024, Reuters reports. “I expect 18…
11:16, 06.12.2023
France sees no deal on EU spending rules without more room for green, security investment
France‘s Finance Minister Bruno Le Maire warned that Paris will oppose a reform of EU spending rules if it doesn’t give capitals more space to invest in the green transition and in defense, according to Politico. …
10:30, 28.11.2023
Public debt reaches 51.1 pct of GDP, law states freeze salary spending (USR's Drula)
The chairman of Save Romania Union (USR), Catalin Drula, accuses the Ministry of Finance of violating the Fiscal Budget Responsibility Law, given that it published three months late the half-yearly report on Romania's…
13:10, 23.11.2023
PM Ciolacu: Despite all difficulties Minister Bolos secured resources of RON 13.7 billion
PM Ciolacu: Despite all difficulties Minister Bolos secured resources of RON 13.7 billionPrime Minister Marcel Ciolacu says that Finance Miniser Marcel Bolos has managed to secure financial resources of RON 13.7…
15:00, 21.11.2023
Germany freezes new spending commitments as budget woes deepen
The German government has imposed a freeze on most new spending commitments in what an economy ministry spokesperson on Tuesday said was a necessary step as Chancellor Olaf Scholz‘s coalition grapples with a deepening…
12:25, 10.11.2023
Germany’s Scholz talks up NATO spending pledge, FCAS fighter deal
German Chancellor Olaf Scholz on Friday said his government would adapt its defence budget to ensure the country achieves the NATO spending target of 2% of GDP even after a special 100 billion euro defence fund…
11:10, 06.11.2023
EU risks €2 billion yearly hit to drug R&D spending with new law
The European Union stands to lose €2 billion of investment a year in medicines research and development if a law overhauling the bloc’s pharmaceutical regime goes ahead, an industry group warned Monday, according…
12:11, 05.10.2023
Household monthly income at 6,910 RON on average in Q2, spending at 86.4 pct thereof
The average total monthly income per Romanian household was 6,910 RON in Q2 2023 - 2,770 RON per person, down 1 percent from Q1 2023, shows data released on Thursday by the National Institute of Statistics (INS).Compared…
14:45, 01.10.2023
L-a durut în cot că are permisul spendat, s-a urcat la volan iar acum are dureri de cap
Duminică seară patrula de siguranță publică din cadrul Secției 3 de Poliție Rurală Marginea, fiind în exercitarea atribuțiilor de serviciu, a oprit pentru control un autoturism care se deplasa pe DC neclasificat…
14:40, 10.08.2023
Ordinances on public spending cuts and planned fiscal package to be discussed with EC prior to approval (sources)
Finance Minister Marcel Bolos will pay a working visit to Brussels after August 21 to discuss with European Commission representatives the emergency ordinances on the cut of budget expenditures and the planned…
15:50, 03.08.2023
PSD government increases taxes and kills off part of the middle class (REPER's Ciolos)
The Social Democratic Party (PSD) government is increasing taxes and "killing off" part of the middle class, instead of consistently reducing public spending, said on Thursday REPER MEP Dacian Ciolos."After 30…
13:11, 02.08.2023
PM Ciolacu: Gov't will promote 50-point emergency ordinance cutting public sector expenses
PM Ciolacu: Gov't will promote 50-point emergency ordinance cutting public sector expensesPrime Minister Marcel Ciolacu says that the government is going to approve an emergency ordinance on spending cuts in the…
15:50, 20.07.2023
Romania to receive EU funds worth EUR 400 million for spending with Ukrainian refugees
Romania to receive EU funds worth EUR 400 million for spending with Ukrainian refugeesThe government debated, on Thursday, in the first reading, a draft ordinance on the basis of which Romania will receive European…
11:50, 20.07.2023
Italy far from reaching NATO spending targets
Italy will not be able to reach the defence spending target of 2% of the country’s GDP as required by the NATO alliance unless it is unbundled from budget constraints, Defence Minister Guido Crosetto (Fratelli…
12:30, 11.07.2023
Almost 39 pct of Romanians say they will not go on holiday this summer (survey)
Approximately 39% of Romanians say they will not go on holiday at all this summer, and of those who will, more than 73% will spend their summer holidays in Romania, according to a survey conducted by CEC Bank in…
12:00, 06.06.2023
Estonia’s premier urges NATO members to ramp up defense spending
Estonian Prime Minister Kaja Kallas warned that certain members of the NATO alliance are not taking their defense targets seriously enough, urging them to spend more to ward off any potential threats, according…
14:26, 12.05.2023
FinMin Caciu: Gov't passes emergency ordinance cutting public spending
FinMin Caciu: Gov't passes emergency ordinance cutting public spending.The Government has adopted the emergency ordinance on reducing public spending, Finance Minister Adrian Caciu announced on Friday. CITESTE…
11:35, 17.03.2023
Non-resident visitor spending in Romania reaches RON 4.28bl in 2022
The total number of non-resident visitors having arrived in Romania in 2022 housed by collective tourist accommodation establishments was 1.579 million, with their expenses amounting to RON 4.280 billion, giving…
11:36, 14.02.2023
NATO struggles to meet spending goals as it weighs higher target
NATO countries may agree as soon as this summer to spend at least 2% of their economic output on defense, a slight shift from the alliance’s 10-year-old pledge to move toward the 2% guideline, according to Bloomberg.…
10:56, 13.02.2023
Europe’s spend on energy crisis nears €800 billion
European countries’ bill to shield households and companies from soaring energy costs has climbed to nearly €800 bln, researchers said on Monday, urging countries to be more targeted in their spending to tackle…
11:00, 25.01.2023
NATO’s Stoltenberg expects allies to lift defence spending target
NATO Secretary General Jens Stoltenberg expects the alliance’s member states to raise their current spending target on defence of 2% of national output when they meet for a summit in Vilnius in July, he told German…