The gross domestic product per capita will reach, for the first time, 20,000 euros this year and the investment expenses are 120 billion RON, respectively 7% of the GDP, the Minister of Finance, Marcel Bolos says."This year, in which we are recording a first, namely that the GDP per capita will reach 20,000 euros, the expenditure for investments is approximately 120 billion RON, over 7% of the GDP. At this moment, one of the main objectives is to strike a balance at the macroeconomic level and focus on the co-financing of European projects. For 2024, we forecast to attract more than 10 billion euros, but also to achieve a correlation of the investment programs for the development of local communities with the financing programs from European money", the minister of finance wrote on Facebook.According to the minister of finance, an important component on which the national budget is focused is the improvement of living conditions through the Anghel Saligny program, where the budget increases from 1.9 billion RON in 2023 to 4.6 billion RON in 2024, for 2,250 km modernization of roads, 150,000 individual connections to water and sewage and 8,397 individual connections to the natural gas network.
Unionists from the Sanitas Federation and several education sector federations will protest on July 7 in front of the Romanian Parliament against the fiscal measures proposed by the government, which they describe as austerity policies affecting public sector workers, Agerpres reported. Sanitas,...
Defic Globe, a subsidiary of Turkish energy conglomerate YEO Technology, has acquired 15 project companies in Romania developing renewable energy facilities with a combined capacity of 219 MW, Profit.ro reported. The portfolio,...
Prime minister Ilie Bolojan announced on July 2 that the government would come up with a second package of measures by the end of the month to promote important reforms such as changes to special pensions - a milestone in the National Programme for Recovery and Resilience PNRR - the reorganization of public institutions and […]
Romanian authorities believe the recently approved fiscal corrective package, with an estimated impact of 0.56% of GDP, will be sufficient to reassure the European Commission and international credit rating agencies of the country's commitment to fiscal discipline,
Romania's first fiscal package under prime minister Ilie Bolojan has drawn strong criticism from both employers' organisations and trade unions, who argue that the new tax measures unfairly burden the private sector and risk worsening social inequality. The Concordia Employers' Confederation and the Economic and Social Council (ESC) both issued negative opinions following consultations with […]
The Romanian government adopted a fiscal corrective package on July 4 worth RON 10.7 billion (EUR 2.1 billion), equivalent to 0.56% of GDP. The package includes tax increases, reductions in public spending, and changes to health insurance contributions aimed at improving the general government budget balance in line with the consolidation trajectory recommended by the […]
