The rigid approach, of tightening the fiscal environment, is the worst option that the Government can take at the present time, said Adrian Izvoranu, vice-president of the Romanian Employers' Confederation of Industry, Agriculture, Constructions and Services, on Tuesday."In general, this rigid approach, of tightening the fiscal environment, is the worst option that the Government can take at the present time. If it wants money, the finance minister must relax the fiscal environment and not harden it. He must diversify and increase his collection base. He has to have somewhere to collect, he has to computerize and upgrade its collection apparatus. And that's about it," Adrian Izvoranu told the press conference on "What do we do with Romania's economy?", organized by the Association for Economic and Social Studies and Forecasts, the Chamber of Industry and Commerce of Romania and Romanian Employers' Confederation of Industry, Agriculture, Constructions and Services".He also spoke categorically against an increase in taxation and VAT."Increasing VAT and, in general, increasing taxes is an unfortunate measure, the worst that can be taken and will never bring extra money," said Adrian Izvoranu.The Government approved, on December 30, 2024, the Emergency Ordinance on some fiscal-budgetary measures in the field of public spending, for the substantiation of the consolidated general budget for 2025, for amending and supplementing some normative acts, as well as for the extension of some deadlines.
“Garden of Memories,” a civic initiative meant to commemorate the 1989 Revolution that led to the fall of communism in Romania, is set to take place between December 19-20 around the Memorial of Rebirth, in Bucharest’s Revolution Square. Organized by the Streets for People Association, together with the Bucharest City Hall and the Museum of […]
Runware, a startup founded by two Romanian entrepreneurs, announced last week that it has secured a USD 50 million Series A funding round led by Dawn Capital, one of the largest European investors in B2B software companies. The round also included Comcast Ventures, Speedinvest, Insight Partners, and a16z Speedrun. The company founded by Flaviu Rădulescu and […]
The body of Romanian former justice minister Rodica Stănoiu was exhumed on Monday, December 15, after prosecutors opened an in rem case regarding her suspicious death, Digi24 reported. Investigators are looking into the possibility that the former minister may have been killed through negligence. ...
Authorities in Romania have begun imposing fines for owners of bicycles and electric scooters who do not take out mandatory motor third-party liability insurance (RCA). The new rules have been applicable since November 13, but the Romanian Parliament granted a 30-day grace period until the application of sanctions, according to...
Art Safari will relocate to Amzei Square in central Bucharest in 2026, where it will operate under a new format titled Art Safari New Museum, following more than a decade of pop-up exhibitions hosted in historic buildings across the capital. After 12 years, 17 editions, and more than 1 million visitors, the exhibition platform will […]
In Romania, Christmas is more than holiday markets, decorated trees, and wrapped gifts. It's a season filled with old customs, lively rituals, and dishes that bring families together. One of the most popular Christmas traditions is caroling. Although traditions vary depending on the area, the ritual of going from house to house and singing carols […]
