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Fiscal Council: Correcting budget deficit cannot be achieved on expenditure side, tax increases, unavoidable
Wednesday, May 28, 2025
President of the Fiscal Council Daniel Daianu said on Tuesday that the budget deficit is "like a gangrene for the body of the Romanian economy and society" and its correction cannot be achieved only on the expenditure side, mentioning that some tax increases cannot be avoided."Any means that can lead to the increase of Romanian state's revenues must be taken into consideration. It is not a miracle solution, such a thing does not exist. The scale of the ...
Survey:Expectations of Romanian-German business community on economic situation in the country have worsened
Wednesday, May 28, 2025
The expectations of companies in the Romanian-German business community regarding the Romanian economy have worsened quite a lot compared to last year, with an increase of about 20 percent in pessimistic expectations (2024 - 38%, 2025 - 57%), shows a survey conducted by AHK Romania in spring.Nevertheless, the outlook for their own business remains unchanged for 38% of the companies surveyed, while 37% of them foresee better economic prospects ...
Over half of entrepreneurs consider political situation a factor affecting their activity
Wednesday, May 28, 2025
More than half of entrepreneurs consider the political situation is a factor which affects their activity, while the devaluation of the leu against the euro is a major problem by the risign prices of raw materials and services used in enterprise activity. According to a Tuesday press release, IMM Romania made an opinion poll over May 15-22, about the entrepreneurs' perception on the economic situation ...
IFC: Nearly 30% of people still at risk of poverty
Wednesday, May 28, 2025
Almost 30% of the Romanian population is still exposed to the risk of poverty and the people have to be helped to get together with the others who benefitted from spectacular growth over the last years of the country said on Monday, Cristian Nacu, Senior Country Officer for Romania and Moldova at the International Finance Corporation (IFC).‘I am not comfortable ...
Unemployment rate slightly decreases to 3.25 nationwide in April
Wednesday, May 28, 2025
The unemployment rate decreased by 0.08 percent nationwide in April against March, down to 3.25%, the number of unemployed being 258,738 people, according to the National Employment Agency (ANOFM).During the same period, of the total number of registered unemployed, 53,446 were indemnified (-3,320 people) and 205,292 were not indemnified (-3,811 people).According to the same source, by area of residence, at the end of April, 67,307 unemployed ...
Study: Almost half of Romanians throw away cooked food
Wednesday, May 28, 2025
83% of Romanians buy groceries several times a week, with 38% shopping daily or almost daily 46% of respondents discard cooked food—making it the most commonly wasted food category The top causes of food waste are over-purchasing and expired products (43%) 82% of people use strategies such as freezing and proper storage to reduce food ...
Transilvania International Film Festival 2025 to feature 200 films
Wednesday, May 28, 2025
The Transilvania International Film Festival (TIFF) promises a special edition in 2025, scheduled to take place June 13-22, featuring approximately 200 films, selected from over 1,000 cinematic productions by the team led by TIFF's artistic director Mihai Chirilov.'The team, led by Mihai Chirilov, watched a lot of films - I believe more than 1,000 - and they selected around 200 feature and short films, which you will see in the programme. We have 172 feature ...
Nicusor Dan takes office as president of Romania at Cotroceni Presidential Palace
Tuesday, May 27, 2025
Nicusor Dan took office as president on Monday at the Cotroceni Presidential Palace. He arrived on Monday at the Cotroceni Presidential Palace, after the solemn session at the Palace of Parliament, where he was sworn in. The guard of honor saluted the newly-elected president during a military ceremony on the Marinescu Plateau.He was received with standing ovations by those present at the ...
Ilie Bolojan resumes mandate as President of the Senate
Tuesday, May 27, 2025
The President of the Senate, Ilie Bolojan, resumed his office on Monday, after having been interim President of Romania since February 12.Mircea Abrudean was interim president of the Senate during this period.Ilie Bolojan left the Cotroceni Presidential Palace on Monday, after handing over the mandate of president to Nicusor Dan, who will hold the office for the next five ...
POLITICO: Nicusor Dan starts nightmare new job as president of Romania
Tuesday, May 27, 2025
* Monday’s inauguration comes at a critical time for the Eastern European nation of 19 million amid the threat of credit rating downgrades, a budget deficit crisis and a loss of faith in democracy, https://www.politico.eu/ ...
King Charles III:The relationship between UK and Romania will flourish under Nicusor Dan leadership
Tuesday, May 27, 2025
King Charles III expressed his belief that the relationship between the UK and Romania will flourish during President Nicusor Dan's term in office.The British King sent a message to Nicusor Dan on the occasion of the start of his mandate as President of Romania. The message was handed to the Head of State on Monday by the UK Ambassador to Bucharest, Giles Portman.Congratulating ...
President-elect Dan, confident about progress in relation with U.S. and restoring trust
Tuesday, May 27, 2025
President-elect Nicusor Dan on Saturday said that Romania is making progress in its relations with the United States and expressed confidence that trust will be restored."The issue with Harvard is a matter of American domestic politics, and Romania, no matter how much it would like things to go one way or another, cannot intervene. Regarding the Visa Waiver, there will be a discussion as soon ...
President Nicusor Dan: We must have Government supported by parliamentary majority, this means predictability
Tuesday, May 27, 2025
President Nicusor Dan emphasized on Monday that the first urgency for the country is the formation of a Government supported by a parliamentary majority in order to give predictability to potential investors and those already present in Romania."First of all, we need to have a government supported by a parliamentary majority, this means that we give predictability. We are telling potential ...
Grindeanu: PSD's position regarding mandate for negotiations to form new Government is unchanged
Tuesday, May 27, 2025
The PSD's position regarding the mandate for negotiations to form the new Government is unchanged from that expressed last week, declared the party's interim president, Sorin Grindeanu, on Monday.He specified that issues related to the internal organization of the PSD will be discussed at the meeting of the National Permanent Bureau."I have nothing new to tell you. These are ...
Parliament/ POT Senate group, disbanded after resignation of two members
Tuesday, May 27, 2025
The parliamentary group of the Party of Young People (POT) in the Senate was disbanded on Monday, after two senators of this party, Liviu-Iulian Fodoca and Stefan Bor?un, announced their resignation in plenary sitting."I would like us all to take note of the fact that, according to the Senate rules, the parliamentary group POT no longer exists today. I will not discuss anything about the ...
Nicusor Dan voices optimism that European Commission will give credit to new power in Bucharest
Tuesday, May 27, 2025
President Nicusor Dan said on Monday, when asked if the commitment not to raise VAT was still valid, that "the discussion on tax reform starts from that statement", mentioning that discussions with the European Commission are underway and that he is very optimistic that the Brussels executive will give "credit" to the new power in Bucharest.Asked in Parliament, after taking the oath of office ...
About a New Democratic Pact for Europe
Tuesday, May 27, 2025
Motto: “The freedom and happiness of man are the sole objects of all legitimate government.” Thomas Jefferson On 13-14 May 2025, in Luxembourg, the Committee of Ministers of the Council of Europe (CoE) discussed on the ...
Romania’s Debt Rises, Pays Highest Interest in the EU
Tuesday, May 27, 2025
Romania’s debt has increased by almost 115 billion lei since the beginning of the year. The Ministry of Finance has attracted from investors and the population approximately 50% of the country’s financing needs this year, according to cursdeguvernare.ro. If the deficit is not kept under control, even larger loans will be needed at ever-increasing interest rates. Romania pays ...
CCIR:Romania, hub for goods leaving for New Zealand through Port of Constanta
Tuesday, May 27, 2025
Romania can become a hub for goods coming and going from New Zealand, maintains Mihai Daraban, president of the Romanian Chamber of Commerce and Industry (CCIR).According to a press release sent on Monday, the CCIR organized the Romania - New Zealand Business Forum on May 26, the first official visit of this kind of a delegation of business people from New Zealand to Romania.The ...
Wholesale trade down 2.7pct as gross series in Q1
Tuesday, May 27, 2025
Wholesale trade (except for motor vehicles and motorcycle trade) lost 2.7%, as gross series, in the first three months of the current year, compared to the same period in 2024, according to data published on Monday by the National Institute of Statistics (INS).According to the same source, between January 1 and March 31, 2025, decreases were recorded in the wholesale trade of raw ...