The Government approved the budgetary rectification for the state budget, the social insurance budget and the unemployment insurance budget, taking into account the macrocosmic forecasts developed by the National Forecasting Commission, the Minister of Finance, Marcel Bolos, announced on Monday.The indicators on which the rectification was carried out are economic growth revised to 2.8%, a GDP deflator of 7.2% and an updated GDP of 1768.8 billion RON.The revenues of the general consolidated budget in 2024 reach 620.2 billion RON and the expenses of the general consolidated budget amount to 743 billion RON. "There is a surplus of budget revenues after the first eight months, revenues that we use to develop Romania! 84% of the deficit goes to the investment area. We are the first European state in terms of the ratio between the deficit and the volume of investments. Obviously, at this level investment record, the budget deficit also increases to 6.9% of the Gross Domestic Product, but it is a sustainable deficit, taking into account that 8.5 RON out of 10 RON spent go to highways, hospitals, schools and gas networks, water and other objectives of local interest," stated Marcel Ciolacu at the beginning of the government meeting.The prime minister said that this money returns to the economy and multiplies: for one euro invested, six or eight euros return to the state."That's why we have to go forward with a lot of courage. We don't have time for philosophers who, as prime ministers, had a deficit of 9.2%, and investments were only 1.7% of GDP. They only knew how to consume, not to build! Now, the consumption margin is very limited and it is vital to keep it that way," said Ciolacu. (Photo:https://gov.ro/)
The gross income of employees who worked full-time under a labour contract and were paid for the entire month of October 2024 was RON 8,374, more than a quarter above the basic gross salary of RON 6,553, according to data from the National Institute of Statistics (INS) published on Friday.Around 40% of these employees earned […]
Over 31,600 building permits for residential properties were issued in the first ten months of this year, up 4.1% compared with the same period last year, according to data from the National Institute of Statistics (INS) published on Friday.Increases were recorded in all development regions: West (+297 permits), Centre (+235), North-West (+192), North-East (+134), South-East […]
VAT revenues increased in the third quarter of this year by 6.74 billion lei compared to the same period last year, totaling 35.48 billion RON, out of a total of 94.75 billion RON for the first nine months of 2025, according to data transmitted on Monday by the Ministry of Finance.Of the amount of 6.74 […]
Banca Comerciala Romana (BCR) listed on Friday a new bond issue on the Regulated Market of the Bucharest Stock Exchange (BVB), worth 1.12 billion RON, the BVB said in a release.This is the 11th bond issue listed by BCR on the Stock Exchange to date, bringing the total value of BCR's listed bonds close to […]
Romania's insurance sector is strengthening its performance against the backdrop of a dynamic market undergoing significant structural transformation, according to a new study on developments in the insurance markets of Central and Eastern Europe, conducted by a consultancy firm in partnership with a research provider."Romania stands out as one of the most dynamic insurance […]
The minimum turnover tax is a barrier to investment, and in a period when the private sector is undergoing restructuring and layoffs, it adds additional pressure on companies, according to a letter signed by 14 investor organizations that once again request the elimination of the minimum tax."In view of the discussions on the construction […]
