Romania will sign an agreement with the next European Commission so that in seven years it will reach the 3% governmentdeficit required under the Maastricht Treaty, Prime Minister Marcel Ciolacu said on Tuesday.He was asked by journalists if taxes will increase next year and what will happen to the government deficit."First of all, we had an agreement with the European Commission for three years, from a historical deficit of 9.2%, the highest in Europe, unimaginable for any government, and we promised that within three years we will reach 3%, in a year when access to European funds was huge, in which you closed a past financial year, 2016 - 2020, where you had the obligation to come up with 15% of funding you had the current financial year, which had started after a year to have mature projects and you had the investments from the National Recovery and Resilience Plan (PNRR)... How can you promise, in Romania's most important moment of development, a deficit of 3%? Truly, what the commission told us and we have respected and will respect it this year too - under no circumstances should we have a consumption-triggered deficit. (...) We have reached a dialogue with the commission and, of course, with the next commission we will sign the agreement to have a seven-year entry into the deficit under the Maastricht Treaty of 3%, with a 0.74% annual decrease. That shows that no one wants to increase any tax or rate," Ciolacu said. According to him, the measures to be taken to curtail tax avoidance will continue, based on digital transformation and risk modules developed through artificial intelligence."We need an orderly Romania; when I said that, everyone laughed. It is necessary to see what priorities are in investments, so that public money is redirected where it multiplies rapidly in the economy. (...) Everything is done after risk analyses."Ciolacu on Tuesday participated in the release the 22nd edition of the work "White Paper of SMEs in Romania".
In the context in which agri-food systems are responsible for almost one third of global greenhouse gas emissions, Auchan Romania assumes an active role in the transition of its supply chain toward a more sustainable model. At the second edition of the Climate Supplier Event, organized under the aegis of the Climate Change Summit, the […]
Janiva Magness, the winner of seven Blues Music Awards following 26 nominations, and nominated for a Grammy for a career spanning 17 albums, is set to perform at the 14th edition of the Brașov Jazz & Blues Festival, which will take place between August 14–16, 2026. Magness is one of the most valuable and influential […]
Auction house Artmark announced a major auction for this winter featuring an engraving created by Francisco Goya, the most important Spanish artist of the late 18th and early 19th centuries. Romania's late communist leader Nicolae Ceaușescu received this gift from King Juan Carlos I as a gesture of diplomacy. The engraving entitled “The Engagement – Capricho […]
Authorities managing Romania's Bicaz Gorges–Hășmaș National Park has built a fish ladder system on the Bicaz River, which will allow protected species to migrate and reproduce. There are several bridges and small bridge structures in the Bicaz River that have a “bottom sill,” meaning small waterfalls. Fish that do not jump like the trout cannot […]
The far-right opposition parties in the Romanian Parliament are set to file a motion of no confidence against the government headed by prime minister Ilie Bolojan. The motion, authored by senator Ninel Peia of the Peace – Romania First group, is specifically aimed at the reformist party Save Romania Union (USR), and is entitled “Romania […]
Romania's iconic rock singer Adrian Pleșca, known as “Artan,” died on Tuesday, December 2, after a fatal stroke, at the age of 64. The artist founded the well-known band “Timpuri Noi” in 1982 and “Partizan” in 2001, and was popular on the Romanian rock scene. Over the years, he left and returned to the two bands. Several […]
