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 authorities in Bran, central Romania, recently revealed a plan to transform the central park into an attractive spot for leisure activities that would benefit from the proximity to the small community's famous castle. A specialized design firm has been contracted to modernize the park, and has already begun the process of obtaining approvals for […]
Rubik Hub has been ranked 39th out of 150 in the prestigious Europe’s Leading Start-up Hubs 2025 ranking. Compiled by the Financial Times, in collaboration with international research and data company Statista and start-up media platform Sifted, the ranking identifies and highlights the top-rated and most recommended start-up support programs across Europe. Rubik Hub achieved […]
Romanian foreign minister Emil Hurezeanu stated at the High-Level Segment of the 58th session of the UN Human Rights Council (HRC) in Geneva that strengthening mechanisms for investigating human rights violations in Ukraine is necessary. The statement comes as the United States under the Trump administration has toned down its condemnations against Russia amid the […]
Several Western embassies in Bucharest expressed support for Romania on Thursday, February 27, emphasizing its commitment to the rule of law, democratic values, and judicial independence, Biziday.ro reported. Representatives of France, Germany, the Netherlands, and Spain posted messages on social media reaffirming their confidence in Romania's institutions amid recent criticism from figures associated with the...
RoBoost, Romanian Business Leaders’ program dedicated to the development of Romanian Tourism Brand, was the host of “Strategies and Influencers for the Future of Romanian Tourism” Conference at the RomExpo Tourisn Fair in Bucharest. The Conference brought together industry leaders, experts and influencers to discuss insights and opportunities for a future of...
Romanians welcome spring on March 1 with the centuries-old tradition of mărțișor, a red-and-white trinket symbolizing luck and continuity. To mark the occasion, Patricia Furstenberg, a Romanian-born author in South Africa and a Romania-insider.com reader, shares a story that “blends atmospheric storytelling with the deep-rooted symbolism of mărțișor, exploring how a simple string can carry the […]
