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.
Călin Georgescu, the far-right, Russia-friendly politician who surprisingly emerged as the first-round winner of last year’s presidential elections, remains under judicial control after a decision made by the District 1 Court on Thursday, March 6. The ruling is final, according to local news agency Agerpres. Georgescu
One Eye Laughs, the Other Weeps. Romanian Art in the Ovidiu Șandor Collection, an exhibition gathering works by over 60 Romanian artists, is set to open at the International Center for Culture in Krakow (MCK) as part of the Romania-Poland Cultural Season 2024-2025. The exhibition, open between March 8 and July 20, spans works from […]
The Dutch judiciary has extended by 90 days the detention of the 26-year-old man suspected of involvement in the theft of the Coțofenești helmet and the Dacian gold bracelets from the Drents Museum. The four artefacts, valued at EUR 5.8 million, have not yet been recovered. Several archaeological pieces from the Dacia - Empire of Gold […]
The European Court of Human Rights (ECHR) has unanimously declared inadmissible the case brought by Călin Georgescu, a former ultranationalist presidential candidate, regarding the annulment of Romania’s 2024 presidential...
Romania has awarded the first contract under the National Company for Road Investments (CNIR), selecting a consortium led by SA&PE Construct S.R.L. in partnership with Tehnostrade S.R.L., Spedition UMB, and Euro Asfalt to design and construct Section 1C Sărățeni-Joseni on the A8 Highway, also known as the “Union Highway.” The contract, worth roughly EUR 1 […]
Radisson Blu Hotel, Bucharest and Park Inn by Radisson Bucharest Hotel & Residence welcome Atakan Turhan as their new General Manager, effective February 2025. With over three decades of expertise in the hospitality industry – 20 of them within Radisson Hotel Group – Atakan Turhan brings a wealth of experience in hotel operations, strategic growth, […]
