Measures to cap energy, food and third-party liability insurance policy - RCA prices do not solve the fundamental problems, but are a short-term "band-aid" that creates distortions on the respective markets, according to Radu Burnete, director of the Concordia Employers' Confederation.In his opinion, we must return to competitive markets, where prices are given by supply and demand.According to a press release the employers' association sent to AGERPRES on Tuesday, Concordia representatives participated in consultations on Monday with Prime Minister Marcel Ciolacu and members of the Government on several issues of major interest, such as fiscal consolidation in the short and long term. The meeting also discussed important measures for the business environment.The prime minister outlined the government's plans to bring the public deficit under control. Concordia representatives expressed concern about the dynamics of this plan and the risk of generating new taxes.According to the quoted source, the PM has given firm assurances, as he has done publicly lately, that there will be no tax increases and that the deficit will be kept under control by cutting spending.Concordia is a strong supporter of the National Agency for Fiscal Administration (ANAF), as an essential tool to reduce tax evasion and bureaucracy, the press release said.Other topics on the agenda of the Concordia delegation's meeting with members of the Government were: unannounced road closures, implementation of the minimum wage directive, Inspectorate for Emergency Situations (ISU) authorisations, tax credit for Research and Development, consumer protection, updating of tourism legislation and the Guarantee-Return System (SGR).
Romania's current account (CA) deficit has narrowed marginally (-1.2% y/y) to EUR 2.66 billion in August 2025, bringing the CA gap in 12 months to August to EUR 29.6 billion (+17% y/y), or 8.1% of GDP, according to data published by the National Bank. The CA gap to GDP ratio thus eased slightly from 8.2% […]
PepsiCo has inaugurated a new beverage canning line at its Dragomirești-Deal plant in Ilfov county, near Bucharest, following an investment of USD 8.5 million. According to the official announcement, it is the only line of its kind operated by PepsiCo in the Eastern Balkans. The fully automated line has a production capacity of up to […]
Warner Bros. Discovery announced a new partnership with Edenred Romania, allowing users of the Edenred Benefit platform to subscribe to HBO Max directly through their employee benefits account. The collaboration aims to make premium entertainment more accessible to employees across Romania, the companies said. Starting October 10, Edenred Benefit users...
This year’s pilgrimage occasioned by the feast of Saint Dimitrie the New, Protector of Bucharest, will take place from October 19 to 29. The event is one of the most significant for the Romanian Orthodox Church in the capital. The faithful will be able to venerate, aside from the Holy Relics of Saint Dimitrie the […]
Classic Unlimited, the well-known organizer of classical music concerts in Romania, announced the launch of a new series of events dedicated to babies, pregnant women, and families, named Classic for Babies. Concerts with interactive sessions will take place in Cluj-Napoca (November 9), Sibiu (November 3), and Târgu Mureș (November 7), with two sessions per day, […]
More than one in three children in Romania, roughly 1.25 million, live in poverty, and the percentage rises dramatically to 75.8% for those whose parents have a low level of education, according to 2024 Eurostat data cited by Save the Children Romania. Children in rural areas face a much higher risk of poverty or social […]
