The budget execution for the first three months of the year shows the challenges of the domestic and foreign economic context, as well as the first results of the measures taken for the restoration of the budgetary balance, sent on Friday the minister of finances, Tanczos Barna.” Investments grow and drop expenses with goods and services” said the minister of his Facebook page.He said that during the first quarter of this year, income registered growth of 6.9% against the same period of last year, VAT collection increased, getting to almost 37 billion lei, investments surpassed 25 billion lei, growing with over 10% against the fist quarter of last year.Similarly, the expenses of the state increased, showing salary and pensions increase offered last year, but there are drops at the level of expenses for goods and services from the state budget and that of local authorities, said Tanczos Barna.”These are trends that must be continued in a more supported rhythms. For this, we need, firstly, political stability, as well as joint effort on the part of state institutions. The reduction of the expenses and observing the limits established through the budget must be a priority for all state institutions, without deviations and compromises” said the minister of finances.
Romania’s prime minister Ilie Bolojan reportedly opposes the idea of further prolonging the price-capping mechanism introduced in August 2023 and repeatedly extended so far, according to Ziarul Financiar. Ambiguous statements over the weekend indicated an incipient conflict among the ruling coalition’s...
Several thousand civil servants rallied in Bucharest on September 15 to oppose government reform plans that would reduce public administration staff, Radio Romania Actualități reported. Protesters gathered in Victoriei Square before marching to the Palace of Parliament,...
A memorandum establishing a new stock exchange in the Republic of Moldova was signed on September 15 in Chișinău, with the Bucharest Stock Exchange (BVB) set to play a key role as shareholder and technology partner, according to Bursa.ro. The new Moldovan exchange will run...
The “service pensions”, also known as special pensions, paid to civilians (military not included in the report), cost the state budget and the state social insurance budget a total of RON 2.2 billion in 2024, over 22% more than in 2023,
The Czech company Tesla has officially announced to the government and local authorities that it is abandoning the project to build the energy storage factory in Brăila, an investment of EUR 90 million that was also to receive state aid, according to
Romanian households' purchasing power has deteriorated in July, both as a result of slower nominal advance (+5.2% y/y, the weakest in four years) but also because of a sharp rise in inflation (7.68% y/y) following the VAT rate hike, according to data published by the statistics office INS. The average net wage dropped by 3.0% […]
