The gross domestic product per capita will reach, for the first time, 20,000 euros this year and the investment expenses are 120 billion RON, respectively 7% of the GDP, the Minister of Finance, Marcel Bolos says."This year, in which we are recording a first, namely that the GDP per capita will reach 20,000 euros, the expenditure for investments is approximately 120 billion RON, over 7% of the GDP. At this moment, one of the main objectives is to strike a balance at the macroeconomic level and focus on the co-financing of European projects. For 2024, we forecast to attract more than 10 billion euros, but also to achieve a correlation of the investment programs for the development of local communities with the financing programs from European money", the minister of finance wrote on Facebook.According to the minister of finance, an important component on which the national budget is focused is the improvement of living conditions through the Anghel Saligny program, where the budget increases from 1.9 billion RON in 2023 to 4.6 billion RON in 2024, for 2,250 km modernization of roads, 150,000 individual connections to water and sewage and 8,397 individual connections to the natural gas network.
Investors in Romania are interested in technology companies, cryptocurrency assets, US Treasuries and niche sectors, complemented by ETFs with a focus on diversification, technology and high-yield bonds, according to an analysis by the trading platform Freedom24. Top picks included NVIDIA, a global leader in GPUs, Taiwan Semiconductor, the world’s largest chip manufacturer, and Microsoft. Tesla […]
For the fourth consecutive year, the Embassy of Romania in Washington, DC, organizes a series of events dedicated to the anniversary of the Strategic Partnership between Romania and the United States of America between July 7–13. Launched on July 11, 1997, on the occasion of US president Bill Clinton’s visit to Bucharest, the Strategic Partnership […]
AUR leader George Simion announced on Monday, July 7, that his party intends to submit a no-confidence motion against the government led by Liberal prime minister Ilie Bolojan. The announcement came the same day the Executive was scheduled to assume responsibility in Parliament for its first fiscal package, which includes a VAT increase, among others. […]
The former head of the National Environmental Guard, Octavian Berceanu, is set to run for mayor of Bucharest, backed by the REPER party. Berceanu, who gained notoriety for being tough on environmental rules, says he aims to make Bucharest “a breathable city, with green spaces, quality drinking water, and clean, civilized streets,” according to News.ro. […]
JW Marriott Bucharest Grand Hotel is proud to present the outside catering services, designed to bring gourmet dining and flawless event execution to any outdoor venue across the city. Whether you are hosting a corporate gathering, a social celebration, or a large-scale conference, our dedicated team of professionals is ready to deliver an unforgettable culinary […]
Nearly 70% of children aged 10 already own a smartphone, unlocking access to a limitless digital universe 69% of young people aged 9 to 22 spend over 3 hours a day on social media or online gaming—even during school days Parenting expert Maggie Dent: “The digital distraction of devices, laptops, screens and smart phones is […]
