Romania needs, in order to ensure a 7% deficit, a financing demand of about 231 billion RON, an amount that will be provided both from foreign markets and internal ones, the Minister of Finance, Tanczos Barna said on Monday."The financing demand to ensure a deficit of 7%, under conditions in which revenues increase with economic growth and with better collection, is somewhere around 230-231 billion RON, an amount that will be provided both from foreign markets as well as from domestic markets," Tanczos Barna told Digi 24.He also spoke about Tezaur and Fidelis state bonds, emphasizing that they are a good saving solution for all citizens."I recommend all Romanians to take an interest in it, because it represents a safe investment, with a higher interest rate than usual interest rates, an untaxed interest rate. And the Romanian state is interested in these interests not going to other companies, not going outside the country, but to end up in the pockets of Romanians", the minister of finance said.On the other hand, he stated that this year he expects a reduction of at least 5% in expenses at the level of the main credit authorities."I am convinced that every manager, each main credit authority and every minister has enough leverage to reduce personnel costs by at least 5% in 2025, as a whole. There will certainly be situations in an institution where reductions by 20% will be made, in other institutions by 3-4%, but overall I am convinced that all ministries can reduce personnel expenses by at least 5%, if for nothing else, from natural departures and non-hiring of personnel, in this way relieving the personnel budget," Tanczos Barna said. (Photo: https://www.facebook.com/)
Real estate developer Globalworth has begun construction on Green Court D, the fourth building in its Green Court office complex in Bucharest’s Aurel Vlaicu area. Scheduled for completion in 2027, the project is now in its preliminary phase, which includes enclosure works and excavation for the basement structure, the company said. The new building will […]
Romania’s National Committee for Emergency Situations decided to distribute drinking water from the state reserves to 13 localities in the counties of Prahova and Dâmboviţa. The area was severely impacted by a drop in water levels at the Paltinu Dam, leading to problems in the water distribution system and affecting over 100,000 people, local hospitals, […]
Rock star Marilyn Manson will return to Romania next summer to perform at Rockstadt Extreme Fest, organizers announced on Tuesday, December 2. He is among the headliners confirmed for the local rock and metal festival, which will take place from July 27 to 31 in Ghimbav, Brașov county. “For the first time ever, Marilyn Manson […]
Romania’s government has assumed responsibility in Parliament for legislation reforming magistrates’ pensions, prime minister Ilie Bolojan announced on December 2. He said the draft law had received the opinion of the High Court of Cassation and Justice, noting that the court’s assessment was negative. It is the government’s second attempt to have the bill promulgated, […]
Romania Education Alliance (REA), the first private school network in the country, announced it has exceeded the milestone of 1,000 students enrolled across its member schools just one year after launch. "The fact that we surpassed 1,000 students in our very first year of activity shows that the REA model addresses a real need in […]
Genesis College, one of the largest private educational institutions in Romania, announced the regulatory approval of the transaction through which the investment firm Mozaik Investments becomes its majority shareholder. The transaction, signed at the end of July, received all necessary approvals from the Competition Council on November 25, and, formally, the entire investment procedure is […]
