The Minister of Finance, Adrian Caciu, has met, on Tuesday, in Brussels, the European Commissioner for Economy, Paolo Gentiloni, to whom he presented the budget measures taken by the Government in the context of ensuring the sustainability of public finances and the proposals for the modernizing the tax policy.According to a release of the Finance Ministry, sent on Tuesday, the meeting between the two officials took place on the sidelines of the ECOFIN Council in Brussels.The Finance Minister has emphasized respecting the commitment regarding the adoption in due time of the budget for 2022, its form managing to avoid the premature withdrawal of budget support for managing the effects of the pandemic crisis and to create, at the same time, fiscal space.Adrian Caciu pleaded to reach a balance between maintaining the commitment of Romania to return to the limits of the Stability and Growth Pact in 2024 and the gradual accomplishment of fiscal consolidation, taking into account the increased needs for public investments.Regarding measures to support investments, the Finance head mentioned that "even in the conditions of a total adjustment of costs, investment spending had a major increase ensured, of over 1 percentage point, up to the level of 6.7% of the GDP, especially through the use of non-returnable external funds made available by the European Union."According to the quoted source, the two officials also discussed policies in the realm of taxation.The Finance Minister reiterated the priority of the Government in regards to reducing the VAT deficit through combating tax evasion by means made available both by the national legislation, as well as by the European one."The Government's priority is to reduce the fiscal deficit in VAT and to reduce tax evasion. We maintain our commitment to return to the limits of the Stability and Growth Pact in 2024," Adrian Caciu told the EU Commissioner for Economy.On the other hand, the Finance Minister also presented to the European Commission representative the mechanism for the B2B electronic bill for products with a raised fiscal risk, as well as the E-Transport system established by Government Emergency Ordinance no. 130/2021.
Deloitte Romania assisted AQUILA, leader in the integrated distribution and logistics services for the fast-moving consumer goods market in Romania and the Republic of Moldova, in the acquisition of Romtec Europa, the company that produces car care fluids and aerosols. The transaction, valued at 3.2 million euros, was signed in December 2023 and completed recently, following approval from […]
CBRE Romania, the leader in providing commercial real estate services, launches an analysis regarding the business potential and alternative investment and development opportunities in Timiș County. According to the analysis, Timiș stands out as a vital centre of Romanian agriculture, ranking first in agricultural area with 693.034 hectares and second in organically cultivated land area. […]
By the end of 2024 the stock of modern retail spaces will overpass 4.5 mln. sq. m setting a new record for Romania. Circa 186,000 sq. m could be added to country’s modern retail stock if taking into consideration under-construction projects. The popularity of the specialized format is noticed in the forecasted developments, claiming 95% […]
The average office fit-out costs have increased by around 15-20% during the past 12 months, but they still remain among the lowest in the Central and Eastern Europe (CEE), according to data from the Cushman & Wakefield Echinox real estate consultancy company. With an average level of €943 per sq. m of office space, the […]
Romania is present at the 10th edition of the EU-Startups Summit in Malta, the biggest event for tech startups in Europe, through RoTechMission, a delegation organized by DiFine PR, Techcelerator and ROTSA (Romanian Tech Startups Association). More than 2,000 people, including 1,000 entrepreneurs and 300 investors, will attend the event, which takes place from May […]
AeroVacanțe, part of the Aerotravel group, is betting in 2024 on new destinations, more accessible for Romanians, as a result of the growing demand for holidays in new destinations untouched by mass tourism. Thus, the agency introduces for this summer 14 charter flights to Lesbos, the third largest island in Greece, where the costs of […]
