A new fiscal consolidation package focusing on tax hikes and spending cuts aims to bring the deficit under control ...

Romania allocated just 12.8% of its GDP to social protection spending in 2023, the lowest proportion among European Union member states, according to data published by the Social Monitor, a project of ...

Romania will face some of the most severe economic consequences of heatwaves in Europe, with projected losses expected to exceed -2.5% of GDP by 2055–2064 due to lowered labor productivity, according ...

The implementation of tax hikes and other measures to lower Romania's deficit, the EU's largest, depends on the stability of ...

Buying the system will account for almost 30 percent of Romania's defense budget, with future purchases to include ...

Romania’s government survived a no-confidence motion on Monday, clearing the way for a sweeping austerity plan aimed at ...

Romania, Poland, Hungary, Slovakia and Bulgaria opposed the proposal to revise the trade agreement between the European Union ...

Poland’s recent presidential election and Romania’s unexpected voter turnout reflect contrasting political trajectories.

The European Union’s top officials have traveled to Moldova for a historic bilateral summit to strengthen ties and reaffirm ...

The European Union’s top officials will travel to Moldova’s capital for a bilateral summit to strengthen ties, months before ...

Romania is set to present a fiscal package of tax hikes and wage freezes in the public sector to scale back the budget deficit to below 6% of economic output next year, people familiar with the matter ...

BRUSSELS — The European Commission has backed drastic measures announced by the new Romanian government to bring down its ...