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In its meeting of 5 August 2020, the Board of the National Bank of Romania decided to cut the monetary policy rate to 1.50 percent per annum from 1.75 percent per annum starting 6 August 2020. NBR has also decided to lower the…

Bucharest City Hall has announced it will invest EUR 10 million to rehabilitate Cişmigiu Park, Bucharest's oldest public garden. The project was approved at the Bucharest General Council meeting on Wednesday. Council members from the…

Bucharest City Hall wants to cut RON 600 million from its budget, meaning around 10 per cent, due to low incomes from the tax rates for the first 5 months of this year, says a draft resolution. The main cuts will affect the budgets of…

The state budget for 2019 has got the final opinions in the specialist committees in a meeting that ended on Tuesday night to Wednesday, at 3:30 a.m. The budget is entering the joint plenary session today and can suffer further amendments.…

Two in five Romanian employees say they are discontent with their current professional situation and that they consider to change their job this year. One in five employees even consider a career change, admitting they work in a totally…

The Government is blocking Romania's international commitments and it uses the public funds as a political tool, the Presidential Administration's spokeswoman has stated on Tuesday. She complained that due to the cuts of the Presidency's…

The European Union might cut funding for the member states that fail to observe the rule of law, the European Commission proposed in its multi-year budget, a move that might target Poland and Hungary. "The new proposed tools would allow…

The National Institute of Earth Physics (INFP) has warned on Friday that it might find impossible to locate quakes due to severe underfunding. The INFP general manager Constantin Ionescu stated that less then half of the money needed for…

Romania’s Prosecutor General, Augustin Lazar, has stated on Tuesday that if the amendments to the criminal code are adopted in the way that video evidence will be cut from the investigations, the Revolution file might be seriously harmed,…

A high school in Ploiesti is the pipeline after a maths teacher has cut the hair of two seventh grade schoolboys during the class on Friday. Magdalena Vasile, who has been teaching mathematics for 27 years at the “Alexandru Ioan Cuza”…