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.
ARTEX AG, a Liechtenstein-based company and sole shareholder of ARTEX MTF, a Lichtenstein-based regulated multilateral trading venue, has appointed Claudio Cisullo, Founder and Executive Chairman of the Swiss-based family office CC Trust Group AG, as non-executive Director, effective April 3rd, 2024. ARTEX AG was co-founded by H.S.H. Prince Wenceslas von Liechtenstein and Yassir Benjelloun-Touimi in […]
Prince Paul Phillippe of Romania, one of the country's notorious fugitives, was captured in Malta at a resort where he was on vacation. Paul of Romania has been on the run for nearly four years from the country, where he was sentenced to 3 years and 4 months in prison in the case regarding the […]
Hobița, the village of famous Romanian sculptor Constantin Brâncuși, is at the center of a new temporary exhibition at Art Safari in Bucharest, which opens on Wednesday, May 1, and will be on display until May 19. Art Safari also offers a family program during the Labor Day & Orthodox Easter mini-holiday, open daily from 12:00 […]
The first section of the Transapuseana, a road that crosses Romania's Apuseni Mountains, was recently inaugurated. The section consists of 43 kilometers of county road. The road (DJ 107I), initially known as the 'Transalpina of the Apuseni,' was later renamed Transapuseana. It is the largest investment on a county road in Romania, with a total […]
According to a report from Romania’s National Institute of Statistics, during the period 2020-2022, the proportion of Romanian companies that introduced new or improved products or business processes into the market was 8.8%, a decrease of 1.9% compared to 2018-2020. Business innovation refers to the wide range of activities that enterprises...
SD Worx, a leading European HR and payroll solutions provider, said that it completed the acquisition of Romanian Software SRL, the market leader in Romania for payroll and Human Capital Management (HCM) solutions. Romania thus becomes the 18th European country in which SD Worx has its own proprietary payroll & HR software. SD Worx announced […]
