The Social Democratic Party (PSD) makes its participation in coalition meetings conditional on the adoption of the privilege removal package, and on budget adjustment talks for the continuation of investments, PSD acting Chairman Sorin Grindeanu announced."The PSD links its participation in coalition meetings to the following: first of all, the adoption of a package for scrapping privileges, including special pensions, axing agencies both at central and county levels (...), reducing the number of members in boards of directors, slashing allowances and all things related to the elimination of privileges. As soon as all these points are adopted, the PSD will return to coalition meetings," Grindeanu declared on Monday after the meeting of the PSD National Standing Bureau.He specified that PSD is requesting to meet with representatives of the Finance Ministry to see an up-to-date execution of the state budget and discuss the budget adjustment because, he explained "it is absolutely necessary to talk about large and small-size investments, whether they are investments in highways, hospitals and all the other big projects, or projects under the Anghel Saligny program or carried out by the National Investment Company.""Once continuity for these plans is ensured and financing for 'Anghel Saligny' and for investments is secured, we will move on to stage three, the one related to the measures that have been in discussion for long now - health, administration, fiscal measures, plus measures to relaunch the economy, measures to reindustrialize Romania. These are the conditions tabled today by the PSD, these are the conditionalities that were unanimously adopted by my colleagues today, at my proposal, at the meeting of the National Standing Bureau," said Grindeanu.He pointed out that the package to eliminate privileges can be adopted in a fast-track procedure, by the government pledging responsibility in Parliament.The PSD acting Chairman said that he will inform Prime Minister Ilie Bolojan and the leader of the National Liberal Party about the decisions taken by the Social Democrats.
The gross income of employees who worked full-time under a labour contract and were paid for the entire month of October 2024 was RON 8,374, more than a quarter above the basic gross salary of RON 6,553, according to data from the National Institute of Statistics (INS) published on Friday.Around 40% of these employees earned […]
Over 31,600 building permits for residential properties were issued in the first ten months of this year, up 4.1% compared with the same period last year, according to data from the National Institute of Statistics (INS) published on Friday.Increases were recorded in all development regions: West (+297 permits), Centre (+235), North-West (+192), North-East (+134), South-East […]
VAT revenues increased in the third quarter of this year by 6.74 billion lei compared to the same period last year, totaling 35.48 billion RON, out of a total of 94.75 billion RON for the first nine months of 2025, according to data transmitted on Monday by the Ministry of Finance.Of the amount of 6.74 […]
Banca Comerciala Romana (BCR) listed on Friday a new bond issue on the Regulated Market of the Bucharest Stock Exchange (BVB), worth 1.12 billion RON, the BVB said in a release.This is the 11th bond issue listed by BCR on the Stock Exchange to date, bringing the total value of BCR's listed bonds close to […]
Romania's insurance sector is strengthening its performance against the backdrop of a dynamic market undergoing significant structural transformation, according to a new study on developments in the insurance markets of Central and Eastern Europe, conducted by a consultancy firm in partnership with a research provider."Romania stands out as one of the most dynamic insurance […]
The minimum turnover tax is a barrier to investment, and in a period when the private sector is undergoing restructuring and layoffs, it adds additional pressure on companies, according to a letter signed by 14 investor organizations that once again request the elimination of the minimum tax."In view of the discussions on the construction […]
