The amounts earmarked for investments hold an important share in the budget structure in 2024, more than 7% of the GDP, Prime Minister Marcel Ciolacu said during a meeting at the Victoria Governmental Palace on Wednesday with a World Bank delegation led by World Bank's Country Director for the European Union Marina Wes.According to a Government press release, the preparation of the budget for the year 2024 was an important part of the discussions, with the prime minister presenting on this occasion the objectives pursued by the Government in the configuration of the budget allocations for next year."The amounts earmarked for investment occupy an important share in the budget structure for 2024, of over 7% of the GDP. The government is also considering introducing a set of new measures to combat tax evasion and setting up an inter-institutional structure to ensure consistency in the implementation of these measures," the prime minister is quoted in the press release as saying.Marcel Ciolacu highlighted the efforts made to increase the absorption rate of European funds, showing that Romania will end the current financial year with an absorption rate of about 97%.World Bank's country director Marina Wes voiced the WB's willingness to continue to support the Romanian authorities, both in terms of making tax collection policies more efficient and combating tax evasion, the press release said.
Two castles in Romania's Cluj county, namely the Rákóczi-Bánffy Castle in Gilău and Bánffy Castle in Răscruci, will reopen in the coming weeks and host events dedicated to visitors. Rákóczi-Bánffy Castle in Gilău, one of Transylvania's historical monuments, will reopen its doors after a seven-year renovation process aimed at transforming it into a multifunctional cultural […]
The second edition of the Chicago Romanian Community Summit will take place on May 25, aiming to unite the Romanian community in Chicago. Leaders from various sectors - business, education, culture, and religion - will come together during the event to celebrate their shared heritage and establish a forum for addressing challenges. The summit also […]
In a recent promotional spot, Nicola Coughlan, Claudia Jessie, and Hannah Dodd, all part of the cast for Netflix’s hit show Bridgerton, played a game of True or False, Romanian Romance Edition. The game consisted of saying whether or not a particular superstition was actually true in Romanian folklore or if it was made up. The first […]
The organizers of the Untold and Neversea festivals in Romania announced the start of the 10th edition of their blood donation campaign - Blood Network. Under this initiative, blood donors can get free one-day tickets for the two summer events. This year's Blood Network runs between May 18 and June 30. Music fans can donate […]
Romanian mountaineer Adrian Ahriţculesei reached the summit of Mount Everest, Earth's highest mountain above sea level, after a 12-hour climb. The expedition, which started on April 11, is scheduled to end on May 30. "Ahriţculesei Adrian conquered the Roof of the World. He is on Everest (8,848 m). Next comes the hardest part of this […]
Hesburger, the largest chain of fast food restaurants in Finland and the Baltic countries, has entered the Romanian market with a first restaurant in Râmnicu Vâlcea. A family business with a history of over 50 years, Hesburger currently operates in nine countries and has over 470 restaurants. The company aims to open 10 new locations […]
