Romania ended 2021 with a budget deficit of 6.7 pct of GDP and we would have liked it to be 5 pct, but if so, we wouldn't have paid salaries and pensions, Finance minister Adrian Caciu said on Thursday at the Palace of Parliament."We managed to reduce the deficit for 2021. We're going to reduce the deficit in 2022 as well, but the fight against inflation is being conducted on several fronts. On the one hand, you reduce deficits and eliminate the risk of slippage. On the other hand, you have to act on the causes of inflation and the causes are the energy prices for which, next month, we come up with a series of solutions that will lead to stopping the increase in energy prices, if not their decrease," Caciu said.He added that the deficit could also be reduced by better revenue collection.Last year's budget deficit was set at 7.13 pct of GDP.The Minister of Finance participates on Thursday in the launching event of the four government programmes the institution is to implement in 2022, organized by the National Credit Guarantee Fund for Small and Medium Enterprises (FNGCIMM).The four programmes: IMM Prod, Rural Invest, Garant Construct and Innovation, are meant to support the objectives assumed through the Government Programme 2021-2024, in order to finance the economy and facilitate lending for micro, small and medium-sized enterprises, in partnership with the banking system and the associative forms of SMEs.
American technology company Genpact announced the opening of a new delivery center in Iași, Romania, on Wednesday, April 9. The company already employs 5,000 people in Romania, and has a history of over two decades in the country. Its Iași team has expanded quickly, growing from just a handful of professionals to more than 650 […]
The French Chamber of Commerce, Industry and Agriculture in Romania (CCIFER), which has some 600 member companies, has elected a new Board of Directors. The board now includes: Nicolas Richard (Engie) – President; Cristina Bojica (Gruia Dufaut & Asociatii) – Vice President; Anne-Sophie Bauwens (Carrefour); Costin Borc (Groupe SNEF); Fady Chreih (Regina Maria); Sébastien Demichelis […]
Romanian interim president Ilie Bolojan promulgated the law that allows patients to express their gratitude towards doctors through donations made to the medical institution on Tuesday, April 9. According to this law, patients can make donations to the hospitals where they were treated, instead of giving gifts to the medical staff, as was often the […]
Vlad Boeriu, Tax & Legal Partner-in-Charge at Deloitte Romania, has been elected president of AmCham Romania for the following one-year mandate. He will be joined in the executive committee by vice-presidents Cerasela Baiculescu, Country General Manager, IBM Romania & Moldova and Gabriela Popescu, Corporate, External and Legal Affairs Lead, Central Europe, Microsoft, together with Luminița […]
Dietary supplement producer Cosmo Pharm has opened a laboratory for supplement research and production following a EUR 2 million investment. This is part of the company’s broader strategy to increase output at its Ilfov facility by up to 40% in response to rising demand. Following this investment, the company plans to launch 40 new formulas […]
Romanian Diana Stroia was invested as High Sheriff of the West Glamorgan region in Wales on April 8, in a first for the Romanian community in the United Kingdom. High Sheriff is an honorary position with a tradition of over 1,000 years in the British system. The RePatriot community, through the presence of its representatives […]
