The year 2024 will mark a positive evolution of the Romanian economy as a whole, growth will accelerate to 2.9% or even 3.4% - 3.5%, while inflation would continue to decrease to a level of 4.7% - 5.8%, Alexandru Reff, country managing partner of Deloitte Romania and the Republic of Moldova, on Thursday told the 5th edition of the Deloitte CFO Summit 2024 event, to discuss the expectations for the year 2024, but also about Generative Artificial Intelligence (Gen AI).According to him, for Romania, the last five years "were marked by unprecedented uncertainties", and the year 2023 was one "of slowing down growth and on the verge of avoiding recession for Europe as a whole".In the consultant's view, in 2024, but also in 2025, electoral concerns will not allow paradigmatic changes in taxation."We have political stability, we can expect it to continue even after the elections. We also have a moratorium of at least one year, promised by the Government regarding the additional change in taxation. And I say at least one year, because I believe that the eminently electoral concerns of 2024 will not allow, at least from a technical point of view, any paradigmatic changes in taxation even in 2025. European funds are starting to be put to work and have a substantial impact on the economy. We see this in infrastructure, in construction, but not only, and public investments are maintained at a high level. The question is whether this perspective, rather encouraging, is also shared by the financial directors of large companies," Alexandru Reff stressed.
More than 680 houses in Suceava country and 170 houses in Neamţ county were impacted in the flash floods that hit northeastern Romania at the end of last week. Forty-one houses were completely destroyed, Raed Arafat, the head of the Department for Emergency Situations (DSU), announced on Friday, August 1. Three people were killed in […]
Romanian justice minister Radu Marinescu said on Thursday, July 31, that harsher penalties are being considered for violence against women and domestic violence, including the criminalization of femicide. The minister said that Romania currently has legislation that is fairly adequate, in line with European standards, for combating violence, including domestic violence. He also said that […]
Via Transilvanica, the long-distance trail that crosses the country, will apply to be the first accredited long-distance route in Romania after the government issued the methodological norms regulating the hiking trails of national interest. Tășuleasa Social, the non-profit that developed the trail, called the recently issued norms "a huge step that transforms a bold idea into...
Former prime minister and Social Democratic leader Marcel Ciolacu stated that he does not rule out a candidacy for the presidency of the Buzău County Council, after rumors to that end. PSD Buzău president Romeo Lungu had previously told journalists that discussions are underway for the former prime minister to run for the Buzău County […]
The Balneo-Physiotherapy Clinic in the Călimănești resort town, southern Romania, will undergo rehabilitation with a EUR 10 million financing from the European Union, according to representatives of the Vâlcea County Council. The project implementation period will be 24 months from the completion of the tender for the execution of the works, which include, in addition […]
Bringo, the first personal shopper-based rapid grocery delivery service in Romania, handling over 4,000 daily orders in more than 35 cities, launches a loyalty program that turns shopping into a continuous reward experience. "Beyond functional benefits like discounts, free delivery, or double refunds for SGR packaging collected right at your doorstep, Bringo YOU offers a […]
