The president of the National Liberal Party (PNL), Nicolae Ciuca, said on Friday, in Timisoara, that until the end of this year, there are no financial resources to meet the salary demands of the categories of public sector employees who have been protesting in recent weeks.At the same time, the PNL leader said that there is no risk of breaking the governing coalition on the subject of the introduction of new taxes and duties next year because this "red line" has been discussed and agreed and will not be crossed."Currently, work is being done at the level of each ministry on the budget limits that were distributed by the Ministry of Finance, so that the budget construction for next year can cover both the part of financing investments and the part of budget expenses, including the salary envelope. The way the decision will be made at the Government level will probably be finalized by having all the figures on the table and then making a decision. At the moment, it is clear that there is no money to settle the wage claims by the end of the year," said Nicolae Ciuca.As to progressive taxation, the PNL leader explained that at the moment we cannot talk about a single quota, as taxation has different values for certain categories of income."Today, we are not talking about a flat tax rate, because we have a profit tax of 16%, an income tax of 10%, and a dividend tax of 8%. As such, not having a single rate and still having room for work for the single quota, not exhausting its source to produce the effects in this sense, we continue to go for the single quota. (...) There are no reasons to break the coalition with the PSD in terms of taking fiscal measures. The red line about which we discussed, and I think we agreed, because that is why we are in a coalition and we have assumed a responsibility, it is related to new taxes and fees next year, and we will not cross this line," emphasized Nicolae Ciuca.The PNL president met on Friday, at the Timis County Council, with the PNL mayors from the county, where issues related to local investments were discussed.
The exhibition RomanIa – Identity representation of traditional dress in art, currently on view at the National Museum of Art of Romania (MNAR), gathers a variety of artistic representations of the traditional blouse ia, from painting and sculpture, to drawing, photography, installation, film, music, posters, fashion, books, albums, and more. It includes works by Henri […]
Over 136,000 non-EU citizens held residence permits for employment in Romania at the end of August this year, most of them coming from Nepal, Sri Lanka, Turkey, Moldova, and India, and two out of three immigrants live in Bucharest, Ilfov, Constanța, Timiș, and Cluj, according to a study conducted by the Economic and Social Council. […]
Romanian prosecutors conducted house searches in 12 locations in Bucharest and two in Târgu Mureș on Wednesday, November 26, in a case targeting former employees of bankrupt insurer Euroins. Specifically, the searches targeted 10 individuals who held executive management positions within Euroins, as well as the headquarters of legal entities controlled by the Bulgarian shareholders […]
Prices in Bucharest’s premium residential market have doubled over the past few years, reaching record highs amid a severe shortage of supply in the city’s most exclusive neighborhoods, Cushman & Wakefield Echinox said. Areas such as Primăverii, Kiseleff, Aviatorilor, and Dorobanți continue to dominate demand. Over the past 2 or 3 years, prices for premium […]
The Romanian Consulate in New York shared on social media the story of George Pomuț (George Pomutz, born Gheorghe Pomuț), the Romanian-American who facilitated the sale of Alaska to the US. Despite his role in US history, the Romanian is largely unknown today, the Consulate noted. Pomuț was born in the Hungarian town of Gyula, […]
Shares of Cris-Tim Family Holding (BVB: CFH) began trading on the Bucharest Stock Exchange on November 26 after an IPO worth RON 454.35 million (EUR 89.3 million) conducted last month. Cris-Tim is now the largest entrepreneurial company in the food sector on the BVB Main Market. The funds raised from institutional and over 8,000 retail […]
