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/)
Invalda INVL Group today announces that it has successfully completed a first closing of its second-generation private equity fund (“INVL Private Equity Fund II”), reaching EUR 305 million and exceeding its target of EUR 250 million. Invalda INVL Group is very active in Romanian market through few of its strategies and with the launch of […]
Mixing animation and live action, a 30-minute short film titled IZIDOR takes audiences on a haunting yet hopeful journey of an abandoned child's path to love and healing. Based on the real-life story of Romanian Izidor Ruckel, the production portrays his early years in an orphanage of the communist regime, neglected and abused, while highlighting […]
The Board of Directors of the National Bank of Romania (BNR) decided to maintain the monetary policy interest rate at 6.5% per year, as well as the lending facility rate at 7.5% per year in its meeting on Friday, February 14. Additionally, BNR kept the deposit facility rate at 5.5% per year. BNR initiated its […]
DN AGRAR Group, the largest integrated livestock farm in Romania, listed on the Bucharest Stock Exchange (BVB symbol: DN), announced plans for financing new investment projects set to begin in 2025, with a total value of approximately EUR 3.4 million. The planned investments include a new composting factory at the Lacto Agrar farm, the second […]
Romania is experiencing its coldest week of this winter, with snow and temperatures dropping as low as -20°C, according to meteorologists quoted by Digi24. In the southern and southeastern parts of the country, including Bucharest, snowfall is expected to reach up to 20 cm, and blizzards are expected to make...
Romania’s foreign minister, Emil Hurezeanu, argued during a meeting at the Munich Security Conference on Sunday, February 16, that NATO eastern flank states must participate in discussions on all aspects that guarantee a just solution to the war in Ukraine. Hurezeanu made the statements during a meeting with counterparts present at the Munich Security Conference […]
