Prime Minister Ilie Bolojan on Sunday evening stated that, in certain localities, the property tax for individuals might increase even by up to 70%, in certain localities, where they have not been indexed for years.According to him, the existing data show taxes are not at a level that reflects the value of the property, the increase in taxes being included in the second package of austerity measures.Asked if taxes could increase by 70%, Ilie Bolojan replied that this is possible, in localities where they have not been indexed for years."The general statement is not so, but it is possible that where, in a rural town, for instance, taxes have not been indexed for years, such an increase will be reached exclusively for individuals. Because, for legal entities, the calculations are made according to other formulas that take into account the value of the respective asset. But it is possible that, in certain situations, this will also happen. So, an increase in property taxes for individuals, due to the fact that they were not calculated according to market value, is possible from January 1 next year," Bolojan said on Antena 3.The prime minister mentioned that these adjustments are taken into account in the context of the budgetary crisis that Romania is going through.Regarding the destination of the funds obtained from the tax increases, Bolojan specified that they will be collected by local authorities, representing additional income for their budgets."This money (from the tax increase - editor's note) will be collected by the administrative units in Romania, basically as an additional income for them. In the same proportion, or less, this will be decided in autumn this year, because these taxes will be paid next year, the the state would have to direct fewer funds for balancing to local authorities. And so, even if they go directly to the local budgets, the balancing amounts that the government periodically transfers to local authorities will be smaller. To what extent, this remains to be seen, because there are certain expenses," explained the Romanian prime minister.
Former US first lady Michelle Obama, the wife of Barack Obama, was in Bucharest on Thursday, September 18, to serve as the main guest at the second edition of the Impact Bucharest series of conferences. The former first lady spent about an hour in front of a large audience, speaking about her childhood in a […]
Czech president Petr Pavel spent a few days in Romania at the beginning of September while on holiday. According to statement by the Romanian Embassy in Prague, the Czech leader traveled mountain routes by motorcycle and chose modest accommodations. Pavel tried to see as much of what Romania had to offer. He planned his routes, […]
Romania is taking tangible action toward its green transition through sustainable infrastructure projects, public‑private partnerships and green bonds. Experts, government officials and business leaders have gathered today at the CES Bucharest ESG Conference, to present progress and identify solutions through which the public and private sectors can collaborate to build a sustainable and competitive economy. […]
Prime minister Ilie Bolojan announced that he will visit Brussels next week to talk to three European commissioners about deficits, defense, and EU financing. The first meeting will be with the commissioner for economy, Valdis Dombrovskis, as Romania “must adjust the issues related to deficits to be a trustworthy country, so as not to continue […]
A large majority of Romanians, namely 85%, have heard of celebrated composer George Enescu, according to the third edition of the Informat.ro – INSCOP Research Barometer conducted earlier this month. However, the survey shows a slight decline in cultural awareness compared to 2013, particularly among younger generations. The
The volume of trade between Romania and China was almost USD 9.3 billion in 2024, according to official statistics. Trade between the two, however, is not balanced. Romania registered a USD 7.7 billion deficit with China, and a USD 2.1 billion deficit in the first quarter of 2025 as well. The People’s Republic of China […]
