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April 17, 2026 UPDATE

A roundup of domestic and international news

April 17, 2026 UPDATE
April 17, 2026 UPDATE

, 17.04.2026, 17:13

Crisis. Romanian Prime Minister Ilie Bolojan stated that Romania is currently in the early stages of a crisis it does not need. In an interview with Radio Romania, the prime minister said that the country is facing complex problems stemming from budget deficits and that there is a risk of losing funds from the National Recovery and Resilience Plan (PNRR), which expires at the end of August. The head of the Bucharest government blamed the current situation on “shirking responsibility, because tough decisions must be made.” Bolojan also believes that the Social Democratic Party is “playing a double game by having participated in the decision but shirking the costs.” On April 20, the Social Democrats will decide whether or not to leave the four-party governing coalition in Romania, as they believe a political reset is needed to change the country’s current direction. Their partners in the PNL and USR are defending the Liberal head of government. At the same time, the Liberals announced that they would no longer form a coalition with the PSD if the latter were to dismiss the executive through a motion of no confidence. To avoid the breakup of the current ruling coalition, Romanian President Nicuşor Dan spoke with both Prime Minister Bolojan and PSD leader Sorin Grindeanu, but avoided taking sides. Dan emphasized that a coalition among the current pro-Western parties is the only solution for governing Romania and insisted on a minimum level of cooperation.

 

Reorganisation. Dozens of state-owned companies in Romania are recording historic losses totalling approximately 14 billion lei (about 2.7 billion euros), according to data presented on Thursday by Deputy Prime Minister Oana Gheorghiu. She announced that, next week, she would submit to the government for approval a memorandum on the recovery of 22 state-owned companies analyzed in a pilot project. The Deputy Prime Minister said that, while some companies must be supported because they have a real strategic role, others must be transformed or restructured, and others must be closed because maintaining them in their current form serves neither the economy nor the taxpayer.

 

Talks.  Romanian President Nicuşor Dan is participating in today’s videoconference of countries not involved in the Middle East conflict, co-chaired in Paris by French President Emmanuel Macron and British Prime Minister Keir Starmer. This is a group of states that want to contribute to the so-called multilateral mission with strict defense objectives in the Strait of Hormuz. According to Radio Romania’s correspondent in Paris, the idea of an alliance to oversee the reopening of the strait and ensure the escort of ships once the fighting stops, was launched last month by President Macron. Romania also signed, alongside other countries, a joint declaration on guaranteeing freedom of navigation in the area.

 

Iran. Iran announced on Friday that the Strait of Hormuz will remain “fully open” until the end of the ceasefire agreed upon with the U.S., which expires next Wednesday; this decision was made by Tehran following the separate ceasefire accepted by Israel in Lebanon, reports the EFE news agency. Oil prices have already fallen by 10% following this announcement, which was welcomed by U.S. President Donald Trump. However, the White House leader stated that he is maintaining the naval blockade he imposed on Iranian ports starting Monday in retaliation for Iran’s restriction of maritime traffic through the Strait of Hormuz. In retaliation for the war launched by the U.S. and Israel on February 28, Iran has since allowed only selective passage of ships through the Strait of Hormuz. Tehran had already agreed to reopen the strait at the start of the ceasefire with the U.S. that took effect last Wednesday, but has not implemented this commitment due to Israel’s refusal to halt military operations in Lebanon—operations that the Israeli military has actually intensified with heavy bombardments that have caused many civilian casualties.

 

Fuel. Fuel prices have continued to fall in Romania in recent days, amid a relative stabilization of the price of a barrel of oil at approximately 98 dollars. Thus, gasoline costs on average 8.67 lei (about 1.7 euros), and diesel 9.47 lei (the equivalent of approximately 1.9 euros). We recall that, in the context of the war in the Middle East, a government emergency order has been in force in Romania since April 1st, declaring a crisis situation on the fuel market. Based on the order, the Government adopted a series of measures to temper the increase in gasoline and diesel prices. Among other things, the tax on diesel was reduced, the biofuel content in gasoline was reduced to lower production costs, and the method of updating prices at the pump was regulated.

 

Inflation. The annual inflation rate in the European Union rose to 2.8% in March, from 2.1% in February, and Romania is still the country with the highest value, according to data from the Statistical Office of the European Union (Eurostat). According to the National Institute of Statistics, in Romania, the annual inflation rate increased to 9.87% in March, as services, non-food and food goods became more expensive. Bread, milk, eggs, meat and other basic foods have increased prices, despite the capping of the trade mark-up.

 

Drones. Last night, the Romanian Army’s air defense systems tracked two aerial targets in the border area with Ukraine, amid Russian attacks on civilian and infrastructure targets in the neighboring country. One of the targets entered Romanian airspace, but radar contact with it was lost over an uninhabited area, according to the Ministry of National Defense. As a result, residents in the northern part of Tulcea County, near the Danube, received a Ro-Alert message warning them of the possibility of objects falling from the sky and urging them to take self-protection measures. The alert was lifted after approximately 90 minutes. The Dutch Ambassador to Romania, Willemijin van Haaften, who is currently visiting Tulcea County, witnessed these events. She stated that she is in the area precisely to learn how local communities manage to live in the immediate vicinity of the war.

 

Book Fair. Between April 17-19, Romania is participating in the Festival du Livre de Paris, the most important international book event in the French capital. Under the motto “’Romania, beyond borders/ A territory still to be discovered”, readers are invited to discover or rediscover authors and writings from contemporary Romanian literature. Visitors can choose from a selection of 60 titles by Romanian authors translated into French, offered by publishers in France and Switzerland, and over 60 titles in Romanian, proposed by 13 publishers in Romania.

 

Gastronomy. The region of Banat, in western Romania, has been awarded the title of European Gastronomic Region for 2028, following a complex evaluation process judged by experts from the International Institute of Gastronomy, Culture, Arts, and Tourism. This status entails the implementation of a special program to harness the area’s tourism potential and promote sustainable economic development through the multicultural gastronomy of the region’s three counties: Timiş, Arad, and Caraş-Severin.  Each county in Banat will be required to organize events centered on the theme of gastronomy: fusion across borders, bold flavors, and a shared meal. The success of the “Timişoara European Capital of Culture 2023” program also played a decisive role in the positive evaluation.

 

 

May 16, 2026 UPDATE
Newsflash Saturday, 16 May 2026

May 16, 2026 UPDATE

RATING S&P Global Ratings affirms Romania’s sovereign credit rating at BBB-/A-3 with a negative outlook one notch above the ‘junk’...

May 16, 2026 UPDATE
Newsflash
Newsflash Saturday, 16 May 2026

May 16, 2026

DELTA The Danube Delta and the main tourist spots in Tulcea county, south-eastern Romania are safe for tourists, in spite of the drone attacks close...

May 16, 2026
Newsflash
Newsflash Friday, 15 May 2026

May 15, 2026 UPDATE

BANK The board of Romania’s Central Bank (BNR) on Friday decided to maintain the monetary policy interest rate at the level of 6.50% a year, a...

May 15, 2026 UPDATE
Newsflash
Newsflash Friday, 15 May 2026

May 15, 2026

National Bank. The management of the National Bank of Romania is meeting today for its fourth monetary policy meeting this year. Experts expect that,...

May 15, 2026
Newsflash Thursday, 14 May 2026

May 14, 2026 UPDATE

Consultations with political parties, scheduled for Monday President Nicușor Dan will hold consultations with parliamentary parties over the...

May 14, 2026 UPDATE
Newsflash Thursday, 14 May 2026

May 14, 2026

Recession. Romania’s economy contracted by 0.2% in the first three months of this year compared to the previous quarter, the National Institute of...

May 14, 2026
Newsflash Wednesday, 13 May 2026

May 13, 2026 UPDATE

Summit – The allies of the Summit of the Bucharest Nine (B9) Format and the Nordic countries support a just and lasting peace, in accordance...

May 13, 2026 UPDATE
Newsflash Wednesday, 13 May 2026

May 13, 2026

B9 – Romania’s President, Nicușor Dan, together with Poland’s President, Karol Nawrocki, are chairing today in Bucharest  the 11th edition of...

May 13, 2026

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