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.
Deloitte Romania assisted AQUILA, leader in the integrated distribution and logistics services for the fast-moving consumer goods market in Romania and the Republic of Moldova, in the acquisition of Romtec Europa, the company that produces car care fluids and aerosols. The transaction, valued at 3.2 million euros, was signed in December 2023 and completed recently, following approval from […]
CBRE Romania, the leader in providing commercial real estate services, launches an analysis regarding the business potential and alternative investment and development opportunities in Timiș County. According to the analysis, Timiș stands out as a vital centre of Romanian agriculture, ranking first in agricultural area with 693.034 hectares and second in organically cultivated land area. […]
By the end of 2024 the stock of modern retail spaces will overpass 4.5 mln. sq. m setting a new record for Romania. Circa 186,000 sq. m could be added to country’s modern retail stock if taking into consideration under-construction projects. The popularity of the specialized format is noticed in the forecasted developments, claiming 95% […]
The average office fit-out costs have increased by around 15-20% during the past 12 months, but they still remain among the lowest in the Central and Eastern Europe (CEE), according to data from the Cushman & Wakefield Echinox real estate consultancy company. With an average level of €943 per sq. m of office space, the […]
Romania is present at the 10th edition of the EU-Startups Summit in Malta, the biggest event for tech startups in Europe, through RoTechMission, a delegation organized by DiFine PR, Techcelerator and ROTSA (Romanian Tech Startups Association). More than 2,000 people, including 1,000 entrepreneurs and 300 investors, will attend the event, which takes place from May […]
AeroVacanțe, part of the Aerotravel group, is betting in 2024 on new destinations, more accessible for Romanians, as a result of the growing demand for holidays in new destinations untouched by mass tourism. Thus, the agency introduces for this summer 14 charter flights to Lesbos, the third largest island in Greece, where the costs of […]
