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12:20, 29.03.2024

Latvian foreign minister quits amid flight spending scandal

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…




12:50, 27.03.2024

Romania’s budget deficit up sharply as public spending spirals

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…




11:50, 19.03.2024

Non-resident visitor spending in Romania at RON 2,675 per person in 2023

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…




09:26, 14.03.2024

Warsaw to spend €27 million on bomb shelters, security infrastructure amid Ukraine war

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…




13:25, 13.03.2024

Denmark plans $6 bln boost in military spending amid defence shortcomings

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…




12:25, 11.03.2024

Polish president to propose NATO spends 3% of GDP on defense

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…




11:41, 04.03.2024

Rareș Bogdan, avertisment apocaliptic: Dacă tensionăm relația cu Bruxellesul, o pățim ca ungurii: ni se spendă 20 de miliarde de euro!

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…




12:46, 26.02.2024

Consumer spending on goods, services fall by 11pct on average in Romania (survey)

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…




13:35, 16.02.2024

Belgian PM backs EU bonds to boost defence spending

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…




13:35, 14.02.2024

NATO chief says 18 countries meet 2% military spending target

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…