The general budget execution on January through October 2015 closes with a surplus worth 9.04 billion lei, namely 1.28pct of the Gross Domestic Product, as compared to the 1.9 billion lei surplus, namely 0.29pct of the GDP recorded in the similar period of 2014, according to data released by the Public Finances Ministry on Wednesday. The incomes of the general budget, worth 191.6 billion lei, representing 27.2pct of the GDP, were in the ten months of 2015 by 7.9pct higher in nominal terms against the same period of 2014, and by 0.6pct weight in the GDP. The expenditure of the general budget went up to 182.6 billion lei, on an uptrend in nominal terms by 4pct as compared to the same period of 2014, yet they diminished by 0.4pct weight in the GDP. A significant growth is noticeable by 36pct against the same period of 2014 of the expenditure with the financing projects from foreign grants. The investment expenses, that include the capital expenditure and the ones regarding the development programmes funded from domestic and foreign sources, were worth 22.7 billion, or 3.2pct of the GDP, in nominal terms by 11.6pct higher than the similar period of 2014.
BeeFast, the Romanian tech startup specializing in instant delivery management solutions, announces securing a USD 450,000 investment. The funds will be used to accelerate BeeFast's international expansion and further develop its SaaS (software as a service) platform, which is revolutionizing the way companies manage their ultra-fast delivery fleets. Amid a consistent and organic increase in […]
A new online tool allows the location of Romanian passenger trains, Profit.ro reported. On the Bilete.infofer.ro platform, under the heading "My train/Trenul meu," one can track the position...
Presidential candidate Ludovic Orban, now the head of a center-right political vehicle but once the leader of the Liberal Party (PNL), announced he was stepping down in favor of reformist leader Elena Lasconi (USR) in a move aimed at triggering a consolidation of the center-right forces under a single candidate, several days before the first […]
The Romanian national postal company Posta Romana will close all its post offices "in the coming years" and rent them out, announced the company's general manager, Valentin Ștefan, quoted by Economica.net. The only reason for not closing the offices...
The Romanian Parliament, by the vote of the Chamber of Deputies, adopted an amendment to the Fiscal Code to exempt from taxation, until July 31, 2025, the earnings derived by natural persons from investments in cryptocurrencies, according to Profit.ro. The timing is important since cryptocurrency...
Transfond, which operates the interbank payments automated clearing house, and the Romanian Association of Banks have officially launched the domestic payment system RoPay, which allows transfers from account to account without the intermediation of card operators such as Visa or Mastercard. "RoPay differentiates itself from other payment solutions through speed, lower costs, and 24/7 availability," […]
