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.
President Klaus Iohannis is to hold consultations with the parliamentary parties on nominating a candidate for the prime minister job on Sunday, December 22, the Presidential Administration announced. The president, whose mandate has been extended after the
Step into 2025 with music, excitement, and unforgettable performances! New Year’s Eve at JW Marriott Bucharest Grand Hotel is not just a celebration – it’s a grand spectacle where world-class entertainment, live music, and vibrant energy come together for a night to remember. This year, we’ve curated a sensational lineup of artists and performers to […]
The Bucharest Police recently announced that the city will host several commemorative ceremonies marking 35 years since the Romanian Revolution of December 1989, causing traffic restrictions around the city. The restrictions will be in place from Friday to Sunday, December 20-22, 2024. On Friday, December 20, at around 10:00 AM, a religious/military ceremony with wreath-laying […]
Alex Florența, the General Prosecutor of Romania, said on Friday, December 20, that harsher punishments are needed to combat incitement to violence and Legionnaire propaganda (related to Mișcarea Legionară, a Romanian interwar fascist movement) in public spaces effectively. To that end, the office of the General Prosecutor will propose new measures to combat such phenomena. However, […]
Dennis Lloyd, Inna, Damian & Brothers, and Killa Fonic are among the artists who will perform at Flight Festival 2025. The festival is scheduled to take place between June 20 and June 22 at Timișoara’s Banat Village Museum. For three days, the venue “will open its doors for an experience that combines music, nature, and […]
Around 67% of Romanians believe that the economic situation will worsen, 7% higher than the previous year, according to the EY Consumer Index Romania 2024. Findings suggest a challenging start of 2025 both economically and politically in Romania. Additionally, in 2024, more than half of respondents (59%) were extremely concerned about conflicts and external wars. […]
