The Romanian Government estimates an economic growth of 2.5% this year based on investments and drawing in European funds, Prime Minister Marcel Ciolacu said on Wednesday at consultations with Foreign Investors Council officials on securing economic stability in the current international context."We estimate an economic growth of 2.5% this year based on investment and drawing in European funds. We keep in place the 16pct flat tax and the value added tax. We keep budget expenditures under control, we improve collection to collect higher revenues and we create the premises to meet the budget deficit target of 7% this year. 2025 is the first in the seven years of implementation of Romania's Fiscal Plan agreed upon with the European Commission to consolidate the country's finances," Ciolacu is quoted as saying in a press statement.According to the government, the Foreign Investors Council "appreciated the signal to the market by the government passing administrative reform measures and those included in the budget package for this year, mentioning that they are able to increase the level of investors' confidence.""We are here to contribute, together with the government, to a return to economic growth, including from the perspective of competitiveness," said Daniel Anghel, chairman of the Foreign Investors Council.Discussions also focused on the implementation of the National Recovery and Resilience Plan, measures to support investment in the private sector and increasing competitiveness, expanding the digital transformation of the tax system. At the same time, a consultation method in moving forward was discussed.Wednesday's meeting is part of the government's series of consultations with international financial partners and the business community. Ciolacu has recently had meetings with the World Bank, the IMF and several international investment funds.The government delegation led by Prime Minister Marcel Ciolacu was made up of Deputy Prime Minister Marian Neacu, Deputy Prime Minister and Minister of Finance, Tanczos Barna, Minister of Labour, Family, Youth and Social Solidarity, Simona Bucura-Oprescu, Minister of Economy, Digital Transformation, Entrepreneurship and Tourism Bogdan Ivan, Minister of Energy, Sebastian Burduja, Head of the Prime Minister's Chancellery, Stefan Radu Oprea. (Photo:https://gov.ro/)
President Nicușor Dan, in office for roughly three months, attended the Salzburg Industrialists' Summit, the most important reunion of the Austrian business community, urging them to invest in Romania. Specifically, the president emphasized the strategic opportunities in the defense, energy, infrastructure, and logistics sectors. “Romania is significantly expanding its defense industry. Our sector offers real […]
A scandal broke out on Friday, July 25, after it was made public that deputy prime minister Dragoș Anastasiu was a witness in an older corruption case involving one of his companies. The company, Eurolines, paid bribes for eight years to a financial inspector from Romania’s tax agency ANAF. Records from the Anti-Corruption Directorate show that between […]
A scandal broke out on Friday, July 25, after it was made public that deputy prime minister Dragoș Anastasiu was a witness in an older corruption case involving one of his companies. The company, Eurolines, paid bribes for eight years to a financial inspector from Romania’s tax agency ANAF. Records from the Anti-Corruption Directorate show that between […]
The Drapers' Bastion in Brașov, built between the years 1450–1455, will be restored with European funds. The urban landmark will become an interactive museum integrated into the tourist circuit. The rehabilitation of the Drapers' Tower will support not only tourism but also the construction sector, contributing to the economic and cultural revitalization of Brașov, according […]
The National Meteorological Administration (ANM) has issued a code-red warning for persistent and intense heat from July 26, 10:00 AM to July 27, 10:00 AM for the regions of Banat, Oltenia, most of Muntenia, and southern continental Dobrogea. Day temperatures are expected to reach between 39 and 43 degrees Celsius, while the temperature-humidity index is […]
The fifth edition of Jazz Bastion will bring three concerts to the Weavers' Bastion in Brașov, featuring musicians from Romania, Ireland, and Switzerland. This year's edition "highlights the cultural diversity of music, which always brings together artists and audiences alike, regardless of language, nationality or affinities," the organizers explained. The public can attend performances by […]
