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.
The United States has approved a USD 130 million grant to finance the construction of a high-voltage power line linking Moldova to Romania, a project officials said would strengthen the country’s energy security and deepen ties with Washington. The 190 km Strășeni–Gutinaș line will connect Moldova to the European electricity grid. It will complement the […]
It’s a busy weekend in Bucharest, as the city gears up for its annual celebration, film and theater festivals bring the latest productions, and new exhibitions are opening.
The 16th edition of Les Films de Cannes, the festival showcasing productions awarded or selected at the Cannes film festival, returns this fall to Bucharest and four other cities in the country. The winner of this year's Palme d'Or, Jafar Panahi's It Was Just an Accident, will be screened at the event, as will be […]
Răsvan Angheluţă Natural Sciences Museum in Galaţi is scheduled to reopen on September 20, after the completion of modernization works worth over 15.1 million lei (approximately EUR 3 million) carried out by the County Council through the recovery and resilience facility PNRR. The building hosts an Aquarium, an Astronomical Observatory, a Planetarium, and temporary exhibitions. […]
A team of Romanian paramedics won first place at the World Rescue Challenge 2025, a competition that sees first responders and trauma teams from around the world develop new skills and share knowledge. This year, the competition took place in Karlovac, Croatia, and was attended by two Romanian paramedics from Bucharest who have been working […]
Artmark, one of Romania’s leading auction houses, registered record sales of over EUR 15 million despite economic instability, showing the growth potential of the national art market, according to the company’s 2024-2025 market report. Overall, auction sales totaled EUR 11 million, up 8.2% compared to the previous year, while sales through the “Dependent de Artă” […]
