“Romania needs a leaner, more efficient state. That is why we have already taken the first steps: we have limited the state’s operating costs and we will prepare the first version of the budget by the end of January”, says Finance Minister Tanczos Barna in an interview with Radio Kossuth and taken over by maszol.ro. The minister specified that the first version of the budget will be available by January 27, which he will present to the coalition and the Government, following which the parliamentary procedure will begin. According to the minister, joining the Schengen area will significantly reduce the costs of imports and exports, which is particularly beneficial for companies active in the automotive industry and trade. “Of course, we are not happy that imports are increasing, as Romania has large deficits in the foreign trade balance, but the opportunities have now expanded significantly,” he added. Barna Tánczos stressed that the stable reserves of the National Bank and the wage increases of the past period are further strengthening the economy: “Stability cannot be questioned. Our gold and foreign exchange reserves are at record levels. This proves that we are moving in the right direction and that we have the tools to face the challenges”, said the deputy prime minister. Regarding the presidential candidate, Tanczos admits that there is not full harmony within the ranks of the social democratic and liberal parties, and Crin Antonescu is not fully supported. “But the coalition has no other alternative at this moment. Time is very short and the challenge is very big”, he said on Kossuth radio. The situation is serious, the advance of extremist and anti-EU forces threatens democracy, the FinMin also states. “It is a difficult decision, because a quasi-independent candidate should be supported. Although he was once the chairman of the Liberal Party, he worked with the social democrats. Then there was the grand social democrat-liberal coalition, with which they achieved a record result and won the elections together. A strange situation has arisen, and regardless of this, I think that a decision must be made urgently, and the elections must be organized at the end of March, beginning of April,” Barna Tánczos said.
Romania, which for years ranked last in the EU for packaging waste recycling, now stands at the forefront of Europe’s circular economy, proving that a country with initially fragile infrastructure can implement, in record time, one of the most effective collection and recycling systems in Europe. This rapid transformation is taking place in a European […]
Tucked inside Radisson Blu Hotel, Bucharest, Ginger Sushi Bar & Lounge marks the turn of the year with an intimate New Year’s Eve dining experience built around a multi-course tasting menu. From 19:00 onwards, guests are welcomed to a carefully paced evening that blends Japanese inspiration with premium ingredients, from scallops and Wagyu to Chilean […]
Romanian non-profit Dăruiește Viață has completed a new renovation project at the “Louis Țurcanu” Emergency Children’s Hospital in Timișoara, upgrading the Pediatric Onco-Hematology Transplant Unit to modern medical standards. The investment, worth approximately EUR 150,000, was funded by Linde Gaz Romania and Atos Global Delivery Center. The organisation has been working with the Timișoara hospital […]
The multimedia exhibition Aici Se Vede Jazz (Here You Can See Jazz), set to open at SAC Berthelot in Bucharest, explores how jazz found its way in the pre-1990 Bucharest and “the contemporary ways to listen, visualize, perform and relate artistically to its world of sounds and ideas.” Bucharest had improvised studios, rehearsals with the […]
Aon Romania, part of the global group Aon plc, draws attention to the urgent need for structured solutions to protect trade receivables in an economic context characterized by high volatility and geopolitical uncertainty. The subject was central to the discussions at TRADE CREDIT TALKS - Receivable Protection in the Age of Volatility, where business leaders […]
Bucharest’s shopping centres posted mixed financial results in 2024, with major discrepancies between the city’s largest malls and mid-sized retail centres, according to financial analysis platform RisCo.ro. The data shows contrasts in profitability and turnover, as well as significant losses among some of the capital’s biggest retail projects. AFI Cotroceni recorded the highest turnover of […]
