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.
“Catane,” a dark comedy inspired by real events and directed by Ioana Mischie, is set to have its first special screenings in Romania after a successful festival circuit. The film had its world premiere at the IFFI Goa festival in India and was nominated this year at the Hollywood Music in Media Awards for Best […]
Romania is among the European countries where water reserves are decreasing at an alarming rate, according to an analysis carried out by researchers from University College London in collaboration with The Guardian and Watershed Investigations. Scientists analyzed data from the period 2002–2024 provided by satellites that monitor changes in the Earth's...
George Smyth, 18, went missing on a hike near Romania’s famous Bran Castle more than a week ago. On November 23, the British citizen started to suffer from hypothermia and exhaustion and called the emergency services. Trying to locate him, mountain rescue services conducted searches over the next few days but were only able to […]
Over 107,000 people in Prahova and Dâmbovița counties, in southern Romania, have been without drinking water since Friday, November 28, due to problems at the Paltinu Dam. According to local authorities, the problems are set to persist until next week. The dam registered a drop in water levels, leading to problems in the water distribution system. […]
A special ‘Silent Day’ event will be held at the Bucharest Christmas Market in Constituției Square on Wednesday, December 3, aimed at creating a quieter and more accessible environment for children with sensory disabilities. The initiative is designed to make the festive market manageable for children who may struggle with loud noise, bright lights, and […]
Romanians have the highest level of trust in others in the European Union, according to the most recent Eurostat data for the year 2024, ahead of the usual leader of the ranking, Finland. The indicator ‘trust in others’ measures a person’s trust in people they do not know on a scale from 0 (‘I...
