
Romanian Family Faces Impact of Twin Deficits
A story from Bucharest illustrates how the 'twin deficits'—the budget deficit and current account deficit—are quietly impacting a family's life and finances.
158 stories found

A story from Bucharest illustrates how the 'twin deficits'—the budget deficit and current account deficit—are quietly impacting a family's life and finances.

A woman was seriously injured after being hit by a car while crossing the street in Piața Romană, central Bucharest, on Wednesday.

Bucharest Mayor Nicușor Dan is scheduled to visit Poland at the invitation of his Polish counterpart, Karol Nawrocki.

After nearly three decades as a teacher, Ionica Bota from Bucharest transitioned into entrepreneurship in 2022, launching her own business.

Qognifly has launched a counter-drone system developed in Romania and plans to establish a factory in Bucharest for its production.


A man has been detained for 24 hours after allegedly sexually assaulting a 14-year-old student he was tutoring in mathematics at a residence in Sector 3 of Bucharest.

Electro-Alfa's shares debuted on the Bucharest Exchange at 18.6% above its initial public offering (IPO) valuation.

Bucharest's General Mayor, Ciprian Ciucu, announced the launch of a public debate on regulations for competitions for theater manager positions, promising fair processes and seeking support from cultural figures.

On Calea Călărași, at number 65, there is a beautiful house with muses on the facade, with sculpted medallions, mascarons and cupids, with painted doors and ceilings.

A report indicates that investors on the Bucharest Exchange favored stability and a pragmatic approach in 2025, with government bonds playing a significant role in boosting this strategy.

An explosion followed by a fire in Sector 6 of Bucharest, Romania, caused a house to collapse and resulted in one fatality.

Police and prosecutors conducted 62 searches in Bucharest and eight counties, dismantling a tax evasion network involving 21 individuals suspected of using shell companies for fictitious acquisitions, causing damages over 4.2 million lei.

Due to events in the Middle East, 34 flights to and from 5 destinations are canceled on Sunday, announces the National Company Bucharest Airports (CNAB).

The last weekend of February and the first of March bring a packed program to Bucharest, where the beginning of spring is marked especially by concerts and events with Mărțișor in the title.

CEC Bank has granted a financing package worth 36 million euros to Veranda Mall, a shopping center located in Bucharest, Romania.

Actor Vlad Marinescu, alleged to be one of the leaders of a group that exploited dozens of young women for sex in a Bucharest strip club, has been detained along with ten other members.

After nearly 12 years of litigation, Bucharest's Road Administration was ordered to pay €100,000 in moral damages to a cyclist who lost his spleen due to an un-signposted pothole, with his lawyer explaining how to claim compensation for similar incidents.
Traffic restrictions have been imposed near Fântâna Mioriţa in Bucharest after a section of the road collapsed, attributed to ongoing construction work for the Magistrala 6 metro line.

Former Romanian President Traian Băsescu discussed the role Mayor Nicușor Dan could play in the current coalition crisis in Bucharest, stating Dan is doing the only thing he can.

Bucharest Mayor Ciprian Ciucu proposed discussing strict measures to reduce traffic during heavy snowfall, citing New York City as an example, to allow snow removal equipment to operate effectively.

Bucharest's General Mayor, Ciprian Ciucu, announced more thorough controls on 'convenient' rental properties, suggesting that increasing rents could bring 500 million lei to the city budget.

The Romanian Presidential Administration will invite former US President Donald Trump to the Bucharest 9 (B9) summit scheduled for May 13 in Bucharest.

BIPA, a drugstore chain part of the Rewe group, is continuing its expansion in the Romanian market by opening a new store in Romania, following a previous inauguration in Bucharest.

A session of the Bucharest General Council, convened by liberal Mayor Ciprian Ciucu, could not take place due to a lack of quorum, as councilors from PSD, AUR, and PUSL boycotted the meeting.

A new session of the General Council of Bucharest Municipality (CGMB) is scheduled amidst ongoing tensions between the general mayor, Ciprian Ciucu, and PSD councilors.
PPC (Public Power Corporation) presented its strategy for renewable energy development in Romania during a summit in Bucharest.

Bucharest City Hall announced that "thousands of tons of salt" used by sanitation operators for snow removal this winter severely "eroded the asphalt," which was already problematic, leading to an increase in potholes across the city.

Nobel Prize winner in Economics, Daron Acemoglu, is scheduled to visit Bucharest to participate in the Economist Romania Government Roundtable 2026.

Ciprian Ciucu, General Mayor of Bucharest, accused Sector 4 Mayor Daniela Băluță of refusing to hand over sites for heating infrastructure works, putting the city at risk of losing 220 million lei (approximately €44 million).

Untold Universe's Kapital festival is set to return for its second edition in Bucharest this summer, promising another major event for music enthusiasts.

Hubert Thuma, head of the Ilfov County Council, has publicly demanded that Prime Minister Ilie Bolojan clarify his stance on his honorary advisor's 'attack' regarding the assimilation of Ilfov into a metropolitan Bucharest.

Vlad Gheorghe, an advisor to Prime Minister Ilie Bolojan, proposes a referendum on the unification of Ilfov county with Bucharest, aiming to eliminate 'local barons' and improve governance.

Bucharest-Constanța has been identified as the busiest train route in Romania by passenger numbers, with the Bucharest-Henri Coandă line rising to second place, surpassing the route between the capital and Brașov.

An extraordinary meeting of the Bucharest General Council, intended to vote on a resolution regarding heating and hot water bills, was marred by scandal, with Mayor Daniel Băluţă announcing a strike and criminal complaints.

A metro train broke down at the Constantin Brâncoveanu station on Bucharest's busiest line, Berceni - Pipera, and was subsequently withdrawn from circulation.

Bucharest's Local Police issued 25 fines totaling 44,000 lei in the city center for businesses and homeowner associations that failed to clear snow from sidewalks.

Bucharest City Hall has announced proposed basic tariffs for 'affordable' housing rentals in the city center, set at 8 lei/sqm, with the cost increasing based on the zone.

Horațiu Potra experienced a medical emergency during a court hearing at the Bucharest Court of Appeal. Judges called an ambulance after the mercenary fell ill during his trial for actions against the constitutional order and non-compliance with weapons and ammunition regulations.

Following the model of municipal companies in the capital, Sector 2 Mayor Rareş Hopincă proposes establishing a public limited company, wholly owned by the Local Council, to manage rapid interventions in local infrastructure.

Lokomotiva achieved a surprising victory in Bucharest, securing their spot in the quarterfinals of the Women's EHF European League, where Hungarian teams will also face each other.

A recent poll among Bucharest voters shows high support for the Social Democrats and current mayor Nicușor Dan.

Hubert Thuma, President of the Ilfov County Council, is requesting that 5% of the estimated income tax collected in Bucharest be allocated to Ilfov County.

A scandal erupted at Henri Coandă Airport in Bucharest when two passengers with a child were denied boarding a flight to London, leading to the woman being forcibly removed by security forces.

The 6-year-old girl, who had been in brain death since December after an appendectomy at Constanța County Hospital, died Saturday evening at "Grigore Alexandrescu" Hospital in Bucharest.

Police in Bucharest conducted raids on two erotic massage salons, arresting administrators and employees, including the widow of Gabriel Cotabiță, on charges of pimping.

Croatian handball club Lokomotiva Zagreb is playing Rapid Bucharest in the final round of the European League group stage, needing a win to advance to the quarterfinals.

Road transport in Romania is returning to normal after a recent episode of snow and blizzards, with the National Company for Road Infrastructure Administration announcing that no roads are closed or restricted, and no flights are canceled or delayed at Bucharest airports.

CSM Bucharest qualified directly for the quarterfinals of the Women's Handball Champions League after defeating the Danish team Ikast Handbold with a score of 33-24 (15-7) on Saturday evening in Sala Po.

Bucharest General Mayor Ciprian Ciucu has proposed increasing rents for state-owned housing in the city center, noting that these rents have not been reevaluated by authorities for over 30 years.

Bucharest City Hall announced it is monitoring snow removal operations, with sector city halls reporting over 370 specialized vehicles deployed to clear snow from the capital's streets.

Local police in Bucharest issued 41 new fines to sector mayors for deficiencies in snow removal efforts, with Sector 6 receiving the majority of the penalties.


Romania's National Institute for Earth Physics (INFP) is developing a seismic alert system capable of providing warnings approximately 25 seconds before earthquake waves reach Bucharest, allowing for infrastructure shutdown.

A study by the Bucharest Community Foundation reveals that most Bucharest residents fear earthquakes, but their primary concern is the safety of loved ones and homes rather than their own survival.

A police officer in Bucharest has been indicted for allegedly accepting a bribe from a drug trafficker in preventive detention to facilitate an intimate meeting with a woman.

The Ministry of Foreign Affairs announced that two FlyDubai flights are scheduled for Wednesday evening and night from Dubai to Bucharest, to assist Romanians stranded in the UAE.
Police conducted eight home searches in Bucharest, Ilfov, and Vrancea counties in Romania as part of an investigation into a continuous fraud and concealment case. The estimated damage to several companies exceeds 3.6 million lei.

Victor Emanuel Picu, former director of the General Directorate of Landscape Architecture and Public Monuments within the Bucharest City Hall, and a mayor from Dâmbovița were sentenced to prison by the Bucharest Court of Appeal for illegal hirings.

Romania's Foreign Minister announced that France has invited Bucharest to participate in an extended nuclear deterrence initiative.

Kader Keita (25 years old), Rapid's midfielder, was involved in a car accident in Bucharest this morning.

Bucharest Mayor Ciprian Ciucu announced that he is unblocking the competitions for theater manager positions. He stated that the regulation for these competitions, based on law, has been put up for public transparency and debate for two weeks.

Two parents in Bucharest have been preventively arrested for 30 days after forcing their four children to beg on the streets of Sector 5, using the money for alcohol and gambling.

Amid a growing real estate market in Romania and increasing demand for quality housing, Cloud9 Evolution presents its vision for urban development in Bucharest, focusing on combining comfort with urban quality.

An explosion followed by a fire occurred in a house in Sector 6 of Bucharest, Romania, early Tuesday morning, resulting in one fatality.

Capital Police caught a 50-year-old man red-handed selling improperly marked tobacco products in a market area in Sector 4, resulting in a large seizure of counterfeit cigarettes.

All flights from Bucharest to Tel Aviv may be affected by the events in the Middle East, with Wizz Air already suspending flights to several destinations.

The Prefect of Bucharest announced fines for officials who were unjustifiably absent from a scheduled land fund meeting, which could not proceed due to a lack of quorum.

Bucharest has surpassed Cluj-Napoca to become the city in Romania with the highest apartment prices, indicating a shift in the country's real estate market dynamics.

Ciprian Ciucu, General Mayor of Bucharest, announced that repair work on the Basarab Passage will commence in April, following discussions with construction companies, contradicting the PMB's earlier statement of a June start.

A significant shift in the Romanian real estate market sees Bucharest, particularly its Sectors 1 and 2, now holding the top spot for the highest apartment prices in the country. Cluj-Napoca, which previously led the ranking, has been surpassed.

Daniel Băluță announced that road repair work will begin in Bucharest in the coming days, promising to address urgent issues and achieve a 'truly reasonable situation' across the city.

A cyclist from Bucharest won a 12-year lawsuit against the city's municipality, receiving €100,000 in compensation for a severe injury sustained after hitting a deep pothole.

After nearly 15 years without official reception, the Bucharest Municipality announced that the Basarab Overpass, a crucial road junction, is finally entering the repair phase.

Bucharest's main airport is set to install seven electric vehicle charging stations, enhancing infrastructure for electric cars at the facility.

A man severely injured nearly 12 years ago after hitting a pothole while cycling in Bucharest will receive €100,000 in compensation from the Bucharest Roads Administration, as ordered by a court.

Prosecutors from DIICOT are conducting searches in Bucharest as part of a large-scale investigation into a prostitution ring that exploited dozens of young women in a strip club.


A 45-year-old man from Bucharest was arrested by police in Pitești on suspicion of defrauding several people by selling them corkscrews for money.
Bucharest's Local Police have issued fines totaling 760,000 lei to sanitation operators for their 'defective' handling of snow removal operations over the past week.

Metrorex, Bucharest's subway operator, is planning an expansion of its subway network into the western part of the city to improve public transportation access.

Police in Bucharest, Romania, successfully rescued a great crested grebe bird that had fallen into the snow. The bird was found and safely recovered by authorities.

The district mayor of Bucharest announced that the rehabilitation project for the city's Unirii Platform is anticipated to be completed within the current year.

A referendum has been proposed by an honorary advisor to Prime Minister Ilie Bolojan to 'assimilate' Ilfov county into Bucharest, creating a single administration.

Bucharest Mayor Nicușor Dan held a working meeting with Prime Minister Ilie Bolojan before the latter's visit to Brussels. They discussed the EastInvest mechanism.

Bucharest Mayor Ciprian Ciucu accused Daniel Băluță and the PSD of 'political circus' and 'populism' after a CGMB meeting on a reduced bills project failed due to lack of quorum, stating Băluță is 'inciting the population not to pay bills'.

The National Museum of the Romanian Peasant in Bucharest is hosting the traditional Mărțișor Fair.

Bucharest Police announced on Monday that they have launched an investigation after psychologist Ion Duvac was accused of harassing his patients. The doctor allegedly made explicit sexual proposals to women and would c...

The Ukrainian Embassy in Bucharest has clarified that no schools with full or partial Romanian-language instruction will be closed in Ukraine in 2027, responding to public concerns in Romania.

Dozens of supporters of the former presidential candidate appeared on Monday at the Bucharest Court of Appeal where a new hearing is being held in the case of crimes against the constitutional order

USR appeals, on Monday, to the parties in the governing coalition, to unblock the Drulă law in the Senate, which transposes into law the Bucharest residents' referendum regarding the spending of money in the Capital.

Sector 4 of Bucharest aims to retain administration of several boulevards taken over from the Capital City Hall until investments totaling over 1.2 billion lei, made since 2017, are amortized.
Chisinau Mayor Ion Ceban announced that municipal services will begin 'massive' road repair works this week, comparing the city's roads to those in Bucharest.

Hubert Thuma, President of the Ilfov County Council, launched a new attack on Bucharest's General Mayor Ciprian Ciucu and Prime Minister Ilie Bolojan amid disputes over metropolitan transport funding, threatening to halt construction permits in Ilfov.
Days after a severe winter episode, many sidewalks in Bucharest remain covered in ice and snow, drawing criticism from pedestrians ahead of schools reopening.

A CURS poll conducted in Bucharest revealed that three-quarters of the city's residents believe Romania is heading in the wrong direction, indicating a predominantly negative perception of the country's trajectory.

A CURS poll indicates a close contest for Bucharest's local elections, with PSD leading, followed closely by AUR, suggesting a tight race among the top four parties.

Following heavy snowfalls, Bucharest City Hall has issued a message to sector mayors, highlighting significant issues with snow removal in central areas where tourists and residents face difficulties.

Following recent heavy snowfall, Bucharest traffic police issued fines totaling over 60,000 lei and opened criminal cases, retaining 29 driving licenses for aggressive driving, drifting, and improperly equipped vehicles.

Following a weekend of heavy snow and strong winds, air traffic at Henri Coandă and Băneasa International Airports in Bucharest is operating under winter conditions, adhering to the flight schedule.

Ciprian Ciucu, first vice-president of the National Liberal Party (PNL) and Mayor of Bucharest, believes that dissociating PNL from the Social Democratic Party (PSD) is 'existential' for the liberals, though he acknowledges not all party members are convinced.

Authorities activated the red intervention plan after a minibus with 16 people overturned on Saturday, off the roadway, on DN 5, in the Plopșoru area, on the way towards Bucharest.

Authorities have issued a Ro-Alert message for a missing 12-year-old girl from Sector 6 of Bucharest who voluntarily left home and has not returned.

Robert Negoiță, Mayor of Sector 3 in Bucharest, has been released from judicial control after a judge ruled that no damage occurred from his use of public funds to build a road on private land.

The Bucharest Stock Exchange recorded a profit of RON 8.5 million in 2025, marking a six-fold increase compared to its profit in 2024.

Bucharest Mayor Ciprian Ciucu announced plans for urban regeneration projects in the city center, having consulted with architects and urban planners from the City Hall and independent professionals.

A 'Run for Life' marathon is being organized in Bucharest to raise support for 50 mothers in vulnerable situations.

Former USR president Cătălin Drulă announced that the law transposing the Bucharest budget referendum tacitly passed the Senate and urged PSD and PNL to vote on the project once it reaches the Chamber of Deputies.


Prime Ministers from Romania, Moldova, and Albania, along with high-ranking European officials and business leaders, are convening in Bucharest for the Economist Romania Government Roundtable to discuss Europe's future and security.

IMPACT, a developer that introduced the residential complex concept to Romania, celebrates 30 years on the Bucharest Stock Exchange, highlighting its success in transforming living areas into thriving communities.

Cold cuts producer Cris-Tim is a potential candidate to replace Purcari Wineries in the Bucharest Exchange's blue chips index BET.

The Minister of Culture, András István Demeter, ordered the establishment of a control commission at the "George Enescu" National Museum in Bucharest, following reports regarding the way in which...

A 33-year-old man is accused of sexually assaulting a 14-year-old student during a tutoring session in Bucharest, leading to a police search and ongoing investigation.

Darryl Nirenberg, the new United States Ambassador to Romania, officially began his mandate in Bucharest after presenting his credentials to President Nicușor Dan, expressing a desire to strengthen relations.

The new US Ambassador to Bucharest, Darryl Nirenberg, was received by President Nicușor Dan at Cotroceni Palace to present his credentials and officially assume his post.

The Sector 1 City Hall in Bucharest has updated its online platform for residential parking, making registration for a parking spot exclusively digital through the parcari.primariasector1.ro application.

Drivers in Bucharest are facing significant challenges due to potholes, especially after winter, with an article detailing the steps, necessary documents, and responsible parties for claiming damages to vehicles.

Romania's third-largest natural gas supplier has notified customers in Bucharest of a 26% increase in the final gas price starting April 1, exceeding the current price cap.


Starting February 27, drivers in Bucharest can no longer pay cash for parking in areas administered by the Capital City Hall, with payments now exclusively accepted via card, mobile apps, or SMS.
A man was threatened with a gun by another driver in a commercial complex parking lot in Bucharest's Sector 6, following a conflict that reportedly started when the victim, driving a large vehicle, lacked sufficient space.

Oana Ţoiu officially launched Romania's Presidency of the Central European Initiative (CEI) in Bucharest, emphasizing that the CEI represents 'home' for 160 million citizens.
Winter weather has led to a proliferation of new potholes on the streets of Bucharest, with local media reporting that the city's roads appear 'bombed' and are difficult for drivers to navigate.

Bucharest General Mayor Ciprian Ciucu and contractors have finalized details for securing the Basarab Overpass, which has been in an 'uncertain situation for almost 15 years,' with the City Hall estimating the duration of the works.

In the heart of Bucharest's Historic Center, on Franceză Street, one of the city's oldest arteries, stands Casa M.

The Bucharest Sector 2 Municipality plans to establish its own company for infrastructure works, following a project on the local council's agenda, after a PSD mayor previously suggested this as a 'recipe' to circumvent job cuts.

Political sources indicate that Donald Trump is expected to be invited to the B9 Summit in Bucharest on May 13. The B9 format brings together Eastern NATO flank states.

Bucharest Mayor Ciprian Ciucu stated that there is widespread 'hysteria' in Romania when it snows, with journalists and mayors overreacting and using excessive salt, which damages asphalt.

UniCredit Bank Romania has successfully placed RON 600 million worth of five-year bonds on the Bucharest Exchange.
Greece's Public Power Corporation (PPC) has detailed its strategy for renewable energy projects in Romania during a summit held in Bucharest.

Diana Buzoianu, Romania's Minister of Environment, stated that the black snow on the streets of Bucharest is a symbolic image of the city's pollution, warning that this pollution affects residents' lungs.

Bucharest's Sector 6 City Hall announced plans to expand Timișoara Boulevard to four lanes on a key section, connecting it to the new Radial Road 1.

Bucharest is close to setting a new record for precipitation in February, with 2026 experiencing significantly above-average snowfall, particularly in Muntenia, according to ANM data spanning 125 years.

Bucharest Mayor Ciprian Ciucu warns that the municipality risks losing over 220 million lei designated for modernizing the thermofication network in Sector 4 due to Sector 4 Mayor Băluță's refusal to cooperate.

Hubert Thuma, President of the Ilfov County Council, strongly criticized Vlad Gheorghe's proposal for a referendum on the unification of Ilfov with Bucharest, calling it 'unacceptable' for a simple councilor to launch such an attack.

Police officers protesting in Bucharest against proposed pension age increases attempted to enter the government building to discuss their grievances with officials.

Local police in Bucharest, Romania, rescued a protected great crested grebe that had fallen in the snow in a courtyard, likely due to exhaustion or adverse weather conditions.

The building currently housing the Elisabeta Theatre, once the Austro-Hungarian Club where German officers met during the occupation of Bucharest, is for sale. Its rare Secession-Art Nouveau facade reflects Vienna's imperial grandeur.

Tensions are rising in the Bucharest General Council (CGMB) after a PSD project to reduce heating bills was allegedly blocked, with PSD accusing the general mayor of abuse.

Bucharest Police have launched an official investigation into psychologist Ion Duvac, who is accused of sexually harassing his clients. Authorities have also appealed to potential victims to come forward.

A Bucharest lawyer has sent a memorandum to Prime Minister Ilie Bolojan, proposing nine solutions and denouncing as incorrect the tax authority ANAF's demands for retroactive VAT payments from Romanian small business owners for the past six years.

A reaction has emerged criticizing Bucharest Mayor Nicușor Dan's gesture towards Romanian athletes at the Winter Olympic Games, questioning its appropriateness.
A scandal has erupted at Elias Hospital in Bucharest after an orthopedic doctor allegedly filmed himself performing surgery at a private hospital during his scheduled public hospital work hours, prompting an investigation by the Minister of Health.

A gendarme died suddenly while guarding an objective in the Romanian capital, Bucharest. Unions are blaming stress and excessive overtime for the incident.

Bucharest is expected to have cloudy weather with rain over the next three days, but temperatures will be close to seasonal norms.

A HiSky aircraft operating a flight from Bucharest to Hurghada, Egypt, returned to Otopeni Airport shortly after takeoff due to a cabin pressurization sensor activation. The plane, carrying nearly 200 people, circled to burn fuel before landing safely.

Thousands of people are protesting in Bucharest and other Romanian cities following revelations about the killing of 15,000 dogs at a state-contracted shelter, demanding sterilization instead of euthanasia.

A CURS survey reveals that Bucharest residents are dissatisfied with the direction of both the country and the city, holding negative perceptions of key officials.

Nine individuals, including managers and employees of two erotic massage salons in Bucharest, have been detained and are under investigation for facilitating prostitution, with one of the arrested being the widow of a famous artist.

Bucharest City Hall is demanding urgent snow removal interventions from city sectors, particularly in the central and Old Town areas, citing irregularities and emphasizing their importance as the city's 'calling cards'.

Meteorologists have not issued new warnings and announced that the weather will change considerably in the coming days. The new episode of blizzard and snowfall left behind a new layer of snow in...

Severe winter weather, including abundant snowfall, is causing widespread disruption across 16 counties in Romania and Bucharest, leading to power outages, fallen trees, blocked roads, a canceled flight at Otopeni, closed maritime ports, and train delays.

Bucharest Mayor Ciprian Ciucu addressed the politicization of the STB public transport company and the necessity of its reform, acknowledging his own party's involvement in the issue.

The citizens of Bucharest lose the equivalent of five working days a year due to congestion

Bucharest is struggling with snow-covered streets, icy sidewalks, and water-filled roads, leading to fines for sector city halls, while 12 snow-melting machines remain unused in institutional depots.

New Fidelis government bonds, issued in February, have commenced trading on the Bucharest Stock Exchange, offering new investment opportunities.