The objective of the national budget for 2024 is gearing towards investment and the provision of appropriate allocations for the major public services - healthcare and education, Finance Minister Marcel Bolos said on Monday."We are building the budget on the legislation that is in force at the moment and in accordance with the procedures that we also have in force. It is a budget that we are trying to gear towards investment; that is the objective that we have set for 2024, and with regard to the big public services - I'm talking about healthcare and education - they still have spending allocations that will allow them to modernise, digitally transform, and also to implement consistent investment," Bolos told a meeting of the Local Authorities Summit organised in Bucharest.Asked if the application of the new pension law will allow these allocations, he answered: "Is the new pension law approved so that the budgetary impact estimated by the World Bank is taken into account? If it is, we will see what the measures are that we have to take so that we can support these rights, which are rightly granted to pensioners, from the budget for 2024 and the following years."He added that in case the new pension law enters into force in the form adopted by the executive, the duty of the government, according to the law, is to take into account the budgetary impact generated by its implementation."A budget that contains substantial resources in the area of digital transformation and combatting tax evasion is one that all Romanians are waiting for. And, then, highlighted distinctly in the budget, we'll see if the budget is realised and produces effects, so that the effects will be consistent to ensure the financial sustainability of the rights that come under the new pension law."Bolos pointed out that an extremely serious analysis should be carried out on the estimated impact of the new pension law.
The Patriarch of the Romanian Orthodox Church, Daniel, congratulated Pope Leo XIV for succeeding Pope Francis on Thursday, May 8. He expressed confidence that the new pope will continue to promote "the spirit of dialogue, peace, and cooperation between the Roman Catholic Church and the Orthodox Church." "In a world facing multiple spiritual, economic, and […]
The organizers of the Untold festival announced they will offer a RON 150 (EUR 30) voucher toward the purchase of a festival pass to anyone who votes on May 18, during the second round of the presidential elections. In an online message, Untold representatives emphasized the connection between civic participation and the future of every […]
The Open Streets program, which sees the city's major arteries close for car traffic and become pedestrian areas, returns this weekend with a program of exhibitions, concerts, and a Festival of Lights. On Saturday, May 10, at 2:00 p.m., the public is invited to the Made in Romania exhibition, which presents a selection of civilian […]
Joseph Stiglitz, the famous economist and professor at Columbia University in New York, and winner of the Nobel Prize in economy in 2001, told an audience in Cluj, Romania, that governments must stimulate exports and key sectors when facing deficits. Stiglitz was in Romania on Thursday, May 8, to receive the title of Doctor Honoris […]
The Constitutional Court unanimously validated on Friday, May 9, the results of the first round of the presidential elections. It also rejected as unfounded a request to annul the elections filed by Sebastian-Constantin Popescu, the presidential candidate of the New Romania Party, it announced. The runoff, set for May 18, will see ultranationalist leader George […]
Bucharest's culinary scene welcomes back OLEA, the JW Marriott Bucharest Grand Hotel's celebrated Mediterranean destination, now reimagined with a fresh concept that blends authentic coastal flavours with contemporary sophistication. Following an extensive transformation, OLEA reopens its doors to offer guests a refined journey through the Mediterranean's sun-drenched culinary traditions, right in the heart of Romania's […]
