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.
Romania’s BlueSpace Technology is preparing for the first public presentation of its VLAH (Hydramatic Autonomous Combat Vehicle) prototype, scheduled for the first half of December, according to a press release cited by Bursa.ro. The 4x4 armoured vehicle is the first...
The construction materials distribution company Sipex (BVB: SPX), traded at the Bucharest Stock Exchange, announced it will begin next year the construction of a dry mortars and thermal insulation materials factory in Ariceștii Rahtivani, Prahova County. The project will involve EUR 20 million of investment. The company said it has “all approvals for the submission […]
The German company Limoss plans to open an electronic components factory in Romania, through a greenfield investment, which would employ up to 500 employees, according to Profit.ro. The targeted...
The total electricity production in Romania contracted by 6% y/y to 37.2 TWh in January-September, according to data from the statistics office INS. The hydropower units’ output plunged by 23% y/y to 8.86 TWh, and the production of the wind farms contracted by nearly 10% to 4.19 TWh. The PV parks generated 38% y/y more […]
Romania closed its 2026 World Cup qualifying campaign with a 7–1 victory over San Marino on Tuesday night, November 18, finishing the year on a high in front of home supporters at the Ilie Oană Stadium in Ploiești. Despite the decisive win, the national team ended Group H in third place, behind winners Austria, who […]
A street in Bucharest’s District 3 has been closed to traffic after the state-owned gas network operator Transgaz warned that it had been built over natural gas pipelines in violation of safety standards. Brățării Street was allegedly built by the District 3 City Hall in the area without proper measures in place. Vehicular traffic over […]
