Prime Minister Marcel Ciolacu estimated on Wednesday that by the end of 2024 inflation would drop below 5% and that Romania would fall within the proposed budget deficit."With certainty, until the end of the year, we will have an inflation below 5%. Do I have to remind you what inflation I took over as prime minister, with two digits? We brought it to a reasonable area and it will continue to decrease. If PSD had not entered the government and we had not come with the cap on energy, we would have had an inflation of 30%," said Ciolacu on Thursday.Ciolacu specified that in December Romania would fall within the proposed deficit, just like last year."In January, we always have this discussion. Last year we fell within the deficit that we announced to you when I took over the mandate of prime minister, although it was 6.8%, we exceeded that moment. Now you ask me what it will happen in December. We will go into deficit. The deficit at this time is not overcome by consumption, but by investment. And you will see that these investments will return to the economy and will be found in taxes and duties. All developed countries have done that," explained Ciolacu.Referring to a possible progressive taxation, Ciolacu explained that it does not concern salaries, but exceptional incomes."Nobody talked about the progressive taxation of salaries, not even me, as a fan of progressive taxation. On the contrary, I said about a hundred times that we are talking about the progressive taxation of cumulative incomes or exceptional incomes. I also gave an example, if you buy a plot of land for 10,000 euros and you sell it for 10 million euros, nowhere in the world do you pay a tax of 1% or a maximum of 10%. You pay a differentiated tax, because it is an exceptional income," Ciolacu added.
Contakt Express Logistik S.A., the Romanian market leader in accessories for phones and tablets, announces the approval of its Prospectus by the Financial Supervisory Authority and the launch of its initial public offering. Following the successful closing of the offering, the company will be listed on the Bucharest Stock Exchange, on the AeRO Market, under […]
The Romanian Environment Ministry has launched a public consultation on changes to national air quality regulations that would allow residents to see real-time pollution levels, replacing the current system based on 24-hour averages. The draft order updates Order 1818/2020, which defines how air quality indices are calculated and reported nationwide. Environment minister Diana Buzoianu said […]
The Bishop of Cluj-Gherla, Claudiu Lucian Pop, has been appointed as the new Major Archbishop of the Greek-Catholic Church, a position that became vacant following the passing of 94-year-old Cardinal Lucian Mureșan in September of this year. The new leader of the Romanian Greek Catholic Church, or the Romanian Church United with Rome, was elected […]
WWF Romania has launched a series of planting initiatives in Bucharest aimed at supporting declining pollinator species, joining forces with local environmental groups to transform urban green spaces into habitats for bees, butterflies, and other beneficial insects. The first intervention took place on November 1 in the 400 sqm garden of the Museum of Maps, […]
Romanian prosecutors conducted searches on Friday, November 7, at the headquarters of the steel mill Liberty Galați and in several counties, in a case of embezzlement and tax evasion that includes Russian gas giant Gazprom, Economedia.ro reported. Specifically,...
Romania has begun testing the US-supplied Merops anti-drone system as part of wider NATO efforts to strengthen air defenses on the alliance’s eastern flank, defense minister Ionuț Moșteanu told local news channel Digi24. The system, already used in...
