Joint budget-finance commission continued debates on state budget bill for 2024 on Tuesday. The bill was approved on Tuesday by members of joint budgte-finance commissions in Parliament with 23 votes in favour and 8 against. “For 2024, total expenses of state social security budget are estimated at 135 billions, both for the pension system and for the insurance system for work accidents and professional diseases. They had in view the gross average salary of 7.567 lei. Insurance contributions will be 109 billions and subsidies will be 25 billions. The estimated amount for 2024 is 135 billions,”said Simona Bucura Oprescu, the minister of labour and social solidarity.
The construction works volume in April-May increased by 0.8% y/y, according to data published by the statistics office INS. The sector’s modest performance comes after the 10.6% y/y surge in Q1 that was, however, driven by low base effects, therefore not entirely relevant. In fact, the average seasonally and workday adjusted construction works index in […]
Romania has already completed its plan of raising EUR 13 billion with FX bond issues on the foreign markets this year, but head of Treasury Stefan Nanu does not rule out new issues to refinance issues maturing next year, according to a Reuters interview. "While we do not need another...
Romanian prime minister Ilie Bolojan and minister of development Cseke Attila delivered on July 18 an update on the planned local administration reforms, which, besides the state companies reforms, should be drafted by the end of the month. The draft, as outlined by the two officials, is still in an early stage, does...
A motorcycle crash on Romania’s scenic Transalpina mountain road left two foreign tourists dead and one injured on Sunday, July 20, prompting a large-scale emergency response involving ground and aerial crews. The accident occurred near the village of Șugag in Alba county and involved two motorcycles. Three people were involved in the crash. Two men […]
Romanian foreign minister Oana Țoiu and Germany’s state secretary for foreign affairs Géza Andreas von Geyr signed an Action Plan for strengthened bilateral cooperation on Friday, July 18, in Berlin. The ceremony took place in the presence of Romanian president Nicușor Dan and German chancellor Friedrich Merz, during the Romanian leader’s official visit to the […]
Romanian director Cristian Mungiu will be part of the jury that will judge the films in the main competition of this year’s Venice Film Festival - Venezia 82. The jury, headed by American director Alexander Payne, includes French director and screenwriter Stéphane Brizé, Italian director and screenwriter Maura Delpero, Iranian director and writer Mohammad Rasoulof, Brazilian actress, writer, and […]
