“Romania needs a leaner, more efficient state. That is why we have already taken the first steps: we have limited the state’s operating costs and we will prepare the first version of the budget by the end of January”, says Finance Minister Tanczos Barna in an interview with Radio Kossuth and taken over by maszol.ro. The minister specified that the first version of the budget will be available by January 27, which he will present to the coalition and the Government, following which the parliamentary procedure will begin. According to the minister, joining the Schengen area will significantly reduce the costs of imports and exports, which is particularly beneficial for companies active in the automotive industry and trade. “Of course, we are not happy that imports are increasing, as Romania has large deficits in the foreign trade balance, but the opportunities have now expanded significantly,” he added. Barna Tánczos stressed that the stable reserves of the National Bank and the wage increases of the past period are further strengthening the economy: “Stability cannot be questioned. Our gold and foreign exchange reserves are at record levels. This proves that we are moving in the right direction and that we have the tools to face the challenges”, said the deputy prime minister. Regarding the presidential candidate, Tanczos admits that there is not full harmony within the ranks of the social democratic and liberal parties, and Crin Antonescu is not fully supported. “But the coalition has no other alternative at this moment. Time is very short and the challenge is very big”, he said on Kossuth radio. The situation is serious, the advance of extremist and anti-EU forces threatens democracy, the FinMin also states. “It is a difficult decision, because a quasi-independent candidate should be supported. Although he was once the chairman of the Liberal Party, he worked with the social democrats. Then there was the grand social democrat-liberal coalition, with which they achieved a record result and won the elections together. A strange situation has arisen, and regardless of this, I think that a decision must be made urgently, and the elections must be organized at the end of March, beginning of April,” Barna Tánczos said.
Bergenbier celebrates three decades of presence on the Romanian market, consolidating its status as an emblematic brand in the beer industry. On this occasion, the brand celebrates the authentic moments that have united generations of friends around a beer. In the spirit of this anniversary, Bergenbier brings back the famous slogan "Friends Know Why", launched […]
Digital Nation and the Ministry of Education and Research announce a partnership for the implementation of Saro, a concrete and functional AI-based solution, in schools and universities across Romania — the most significant step within the ministry’s initiative to integrate Artificial Intelligence into education. The Ministry of Education and Research will support the implementation of […]
Apple and Nvidia, the world’s two most valuable companies by market capitalization, pledged over USD1tn towards the US electronics supply chain, presenting themselves as strategic allies in reshoring and industrial sovereignty efforts. However, a closer look reveals these politically symbolic gestures lack the genuine reshoring shifts claimed, posing hidden economic and geopolitical risks. High-profile promises […]
Symmetrica, the leading local producer of vibropressed pavers and curbs and the largest Romanian manufacturer in its sector, is entering the final phase of construction for its new factory in Bolintin Vale (Giurgiu County). This facility will be the largest concrete paving and slab production unit in both the company’s network and the Southeastern European […]
Young people aged between 16 and 18 in Romania will be able to establish and manage a new type of limited liability company (S.R.L.), which will be called a "firmă de exercițiu" (practice firm) and will have the abbreviation "S.R.L.-F.E.", according to a new project. A young person will be able to establish or acquire […]
Developer Skanska has signed an agreement to sell the first phase of the Bucharest office complex Equilibrium to Gordiusz Private Equity Fund, managed by Gránit Asset Management. The transaction value amounts to EUR 52 million. The Equilibrium office complex consists of two buildings in the business district Floreasca – Barbu Vacarescu. The first phase, which […]
