The costs with the interest will reach 2% of GDP next year, and what the National Authority for Fiscal Administration collects in a month out of twelve will be paid for interest, says Alin Chitu, State Secretary in the Ministry of Finances (MF).‘We start from an area where we get gradually to 25% fiscal income in the GDP and either we decide to reduce expenses, including social services and I am talking about the ones which consume a lot, Health, Education so that we can keep this level of taxes that we have now, or it will be necessary to do some things, to collect more. And I ask you not to forget that next year we reach 2% of GDP for the interest costs. Practically, what the National Tax Administration Agency (ANAF) collects in a month out of twelve we pay for interests. And then, in a way, this balance is necessary in a way or another, not only from the perspective of the National Recovery and Resilience Plan (PNRR) stated Alin Chitu in the conference ‘ Competition in key sectors’ organized by the Competition Council.Asked about the fiscal reform, he said that ‘this is not a reform, but they are some steps, some decisions’.According to the MF representative, Romania must get at 30% fiscal income from GDP and for this the income must increase by 3%. This year, adjustments on the tax side will bring 1% of GDP.He also stated that the measures for digitization will bring four percentage points budget revenues at the finalization of PNRR.
Participation in cultural education activities continues to be limited, with the main barriers being difficult access, insufficient knowledge, and cost, the recently released Cultural Consumption Barometer 2024 shows. The report showed that many Romanians still associate culture with entertainment rather than with personal development or furthering their knowledge. The need for relaxation dominates in cultural […]
Roughly 84% of Romanians say that the pace of the state’s digitalization is slow or very slow, according to an Edge Institute & AtlasIntel study presented at the Digital Governance Summit 2025, which took place on Tuesday, November 25, at the presidential palace in Bucharest. The survey aims to capture the way citizens relate to […]
Romania’s Superior Council of Magistracy (CSM) issued a negative opinion on the new bill regarding magistrates’ pensions. The move is only the latest development concerning a heated issue that led to tensions between the executive and the judiciary branch. CSM’s opinion is consultative, and the government led by Ilie Bolojan can still take responsibility for […]
Romania took the presidency of the Central European Initiative (or CEI) on Wednesday, November 26, according to a press release from the Ministry of Foreign Affairs (MAE). The organization is a regional intergovernmental forum established in 1989, following the fall of the Berlin Wall. It gathers 17 Member States in Central, Eastern, and South-Eastern Europe […]
Trade between Romania and Poland continues to grow, with annual bilateral exchanges in goods now valued at more than EUR 12 billion, according to figures presented by the Polish-Romanian Bilateral Chamber of Commerce and Industry (PRBCC). The data was released during a reception in Bucharest marking Poland’s Independence Day and Romania’s National Day. Polish investments […]
As Romania moves closer to implementing the EU Pay Transparency Directive, local employers are preparing for one of the most consequential shifts in workplace regulation in over a decade. The directive, set for transposition by June 2026, introduces strict new rules on salary disclosure, pay reporting, and equal-pay verification, aiming to close persistent gender gaps […]
