The year 2024 will mark a positive evolution of the Romanian economy as a whole, growth will accelerate to 2.9% or even 3.4% - 3.5%, while inflation would continue to decrease to a level of 4.7% - 5.8%, Alexandru Reff, country managing partner of Deloitte Romania and the Republic of Moldova, on Thursday told the 5th edition of the Deloitte CFO Summit 2024 event, to discuss the expectations for the year 2024, but also about Generative Artificial Intelligence (Gen AI).According to him, for Romania, the last five years "were marked by unprecedented uncertainties", and the year 2023 was one "of slowing down growth and on the verge of avoiding recession for Europe as a whole".In the consultant's view, in 2024, but also in 2025, electoral concerns will not allow paradigmatic changes in taxation."We have political stability, we can expect it to continue even after the elections. We also have a moratorium of at least one year, promised by the Government regarding the additional change in taxation. And I say at least one year, because I believe that the eminently electoral concerns of 2024 will not allow, at least from a technical point of view, any paradigmatic changes in taxation even in 2025. European funds are starting to be put to work and have a substantial impact on the economy. We see this in infrastructure, in construction, but not only, and public investments are maintained at a high level. The question is whether this perspective, rather encouraging, is also shared by the financial directors of large companies," Alexandru Reff stressed.
Romania will join the Schengen Area with its land borders starting January 1, 2025, according to Romanian prime minister and Social Democrat (PSD) leader Marcel Ciolacu, who was on a visit to Brussels on Monday, November 18. The Romanian PM said during an interview that the decision regarding Romania’s accession with land borders will be […]
Exorigo-Upos, the Polish company that provides IT technology solutions for the retail sector, is preparing to take its presence in Romania to the next level by establishing an innovation hub in Bucharest. The new center will focus on developing and testing cutting-edge technologies tailored to the Romanian market, in line with the company’s long-term strategic […]
Eva and Victor, ages 16 and 17, respectively, will advocate for climate action as members of Romania's delegation at the United Nations Conference on Climate Change – COP29, held in November 2024 in Baku, Azerbaijan. The two teenagers also have clear roles in the conference. Victor, for example, will co-moderate the Climate Youth Forum, where […]
Natural gas producer Romgaz (SNG), a company in which the majority stakeholder is the Romanian state, listed on Tuesday, November 19, its first corporate bonds amounting to EUR 500 million on the Bucharest Stock Exchange. The bonds, also listed on the Luxembourg Stock Exchange since the beginning of October 2024, are part of a tranche […]
The Bucharest Court of Appeal ruled on Tuesday, November 19, to return the case involving Andrew and Tristan Tate to prosecutors at DIICOT, citing several irregularities. The judges also decided to remove several pieces of evidence and statements from the file, according to
Program empowers women in Romania to step into management or advisory board roles Offering actionable advice for women in businesses seeking strong governance Supporting EU gender diversity targets with inclusive leadership programs The European Bank for Reconstruction and Development (EBRD) celebrates Women’s Entrepreneurship Day on 19 November 2024 by highlighting the EBRD Women on Boards […]
