October 10, 2025 UPDATE
The latest news from RRI
Newsroom, 10.10.2025, 20:00
Finance – The new deficit target of 8.4% of the GDP, instead of 8%, offers Romania an additional investment space of about 8 billion lei, the Romanian Finance Minister Alexandru Nazare said at the ECOFIN meeting of the Council of Finance Ministers of the European Union. According to a statement from the relevant ministry, Nazare discussed with European Commissioner for Economy, Valdis Dombrovskis, the deficit reduction measures adopted by Romania, as well as the next steps for drawing up a realistic budget for 2026. Another important topic was the renegotiation of the National Recovery and Resilience Plan, with a view to approving the new plan at the next ECOFIN meeting in November. On Thursday, the Romanian official discussed with European Commissioner for Economy and Productivity, Implementation and Simplification, Valdis Dombrovskis. In Bucharest, the National Institute of Statistics announced that the Gross Domestic Product increased in the first 6 months by 0.3% on the gross series and by 1.5% on the seasonally adjusted series, compared to the first semester of 2024, and in the second quarter of 2025 it was higher by 1.2% in real terms, compared to the first quarter. According to the provisional data published on Friday, compared to the same quarter of 2024, the GDP in the second quarter of 2025 recorded an increase of 0.3% on the gross series and of 2.3% on the seasonally adjusted series.
Aid – The European Commission has approved 11.5 million Euros in aid for the Romanian farmers whose crops were damaged by frost this spring. The Commission’s spokesman for agriculture, Balazs Ujvari, said Brussels would provide almost 50 million Euros in support for fruit, nut and vegetable growers in six member states affected by extreme conditions. 7.4 million will be allocated to Bulgaria, 4.2 million to Latvia, 1.1 million to Lithuania, 10.8 million to Hungary, 14.8 million to Poland and 11.5 million Euros to Romania. Ujvari said that member state governments can complete this aid with up to 200% through national funds.
Ceasefire – The Israeli military announced on Friday that a ceasefire agreement in the Gaza Strip would come into effect, which would be followed within 72 hours by the release of hostages by the Islamist movement Hamas. In turn, Israel will free hundreds of Palestinian prisoners. A Gaza Civil Defense official announced that Israeli forces had withdrawn from several areas of Gaza City, a fact confirmed by the Israeli army. The Israeli prime minister’s office said that security forces would be redeployed as they gradually withdraw, in accordance with US President Donald Trump’s ceasefire plan. US officials announced that a 200-strong military team would arrive in the Middle East to help monitor compliance with the agreement. The team also includes members from countries in the region, such as Egypt, Qatar and Turkey. If the exchange of hostages and prisoners goes according to plan, the intention is to subsequently create a so-called international stabilization force, although this has not yet been agreed upon between the parties.
Car industry – The Romanian automotive industry recorded a 2.2% decrease in the first 9 months of this year compared to the same period in 2024, according to data published on Friday by the Romanian Automobile Manufacturers Association. Over 52,000 cars were produced last month, of which approximately 29,000 left the gates of the Dacia plant in Mioveni and just over 23,000 were manufactured at the Ford plant in Craiova. In total, almost 400,000 cars were produced in Romania between January and September 2025. On the other hand, new car registrations increased by 39% in September 2025 compared to the same period of the previous year. (LS)
