Romania will negotiate with the new European Commission a seven-year agreement to re-enter the 3% deficit target, prime minister Marcel Ciolacu said on Tuesday, claiming that our country is in a period of "accelerated" development and it is very important that investments continue."What I can tell you is, for example, that the World Bank gave us a loan to cover the deficit. I suppose that the World Bank saw the pace of Romania's development and did not consider it a risk for an investment in Romania," Ciolacu said, when asked what measures to reduce spending were discussed by the coalition on Monday in order to reduce the budget deficit.According to him, the government should be allowed to negotiate with the European Commission regarding the budget deficit."We have to decide, do you want to enter the logic in which, in two months, if you want, I stop any investment and we have a 3% deficit? I don't have a problem. With all the expenses that have increased in salaries and you know well that the expenses in salaries have increased last year in education and health, after a social crisis and after the biggest strike in the education system. (...) I repeat, I prefer you to ask me daily about the deficit and to continue the investments. I don't stop investments in Romania. (...) Let us negotiate with the Commission. These things are not publicly negotiated," Marcel Ciolacu pointed out, adding that other European states also have to manage the problem of excessive budget deficit.He also pointed out that in the discussions that took place in the coalition meeting on Monday it was agreed that the VAT will not be increased.The prime minister participated on Tuesday in the Business Forum organized at the Palace of Parliament, on the occasion of the meeting of the Partnership for Transatlantic Energy and Climate Cooperation.
Romanian president Nicușor Dan announced on Tuesday, December 9, that French president Emmanuel Macron will pay an official visit to Romania in 2026. The confirmation was made during Dan’s visit to Paris, where the two leaders held extensive discussions on defence, security, and economic...
Ireland can be seen as one of the most important business hubs in Europe and the European Union, as many international companies have established regional headquarters there. If you are looking for a country to expand your enterprise, you should definitely consider Ireland for several reasons that are presented below. Location and language The first […]
Cyprus is mostly known as a tourist destination. However, there is also a business side to it, as many investors choose it to open companies because of the favorable taxation system. Apart from its low corporate tax rate, there are a few more reasons why you should choose it if you are looking for a […]
The Romanian Commercial Code provides for various types of entities that can be created by natural persons and companies, local or foreign. Each of them has its own particularities, which can give it various advantages. How do you choose among them? We will review the main types of companies and their pros to help you […]
A new alley named after Romanian diplomat Nicolae Titulescu was inaugurated on Tuesday, December 9, in Paris’s Parc Monceau during a ceremony attended by Romania’s president Nicușor Dan and Paris mayor Anne Hidalgo. “I expressed my appreciation for the decision to name an alley in the beautiful Parc Monceau in Paris after the great Romanian […]
Oxygen Resort, a development located in central Romania’s Harghita county, has inaugurated its first bungalows. The first 18 bungalows are already functional, with another 17 units to be completed in the next stage, bringing the total to 35. The inauguration of the bungalows “marks the transition from a center dedicated predominantly to recreational activities to […]
