The adoption of the fiscal measures package preserves Romania's economic decision-making freedom and access to market financing, and delaying this step would have had a devastating impact in autumn, Finance Minister Alexandru Nazare told a conference on agricultural topics on Monday.'This is essentially an effort to restore Romania's credibility. It's a very strong signal we're sending, that we want a completely different approach to how we manage public finance. This is only a first step in that direction, and unfortunately, there were no alternatives to taking these measures.The alternatives would have been much harder. If we had postponed these steps now, they would have had double the impact, and from my point of view, a devastating one this autumn, under much more difficult circumstances. Adopting this package today maintains our freedom of economic choice and our freedom to raise financing from markets. It may seem like a small thing, but it's a necessary condition, though not a sufficient one. What really matters is what we do from now on, because we will have to do much more with less money, due to the situation we're in,' said the minister in an online intervention.Nazare explained that he could not attend the event in person because work was still ongoing on the amendments submitted Monday morning to the initial fiscal package adopted last Friday in a Government meeting, with a new meeting to be held soon to review and approve them.He also emphasised the need to 'accelerate the pace' of reforms and implementation, and noted he would initiate efforts to revive lending in the agricultural sector.In his view, with the current and upcoming fiscal measures, Romania's economic situation can be stabilized by the end of next year.The Finance minister acknowledged that the fiscal package is not perfect and won't please everyone, but said there were no viable alternatives.According to Nazare, investment must continue, but the way it is carried out should be rethought and monitored for effectiveness.Finance Minister Alexandru Nazare participated on Monday in the 'Investments in Agriculture, Strategy for the Future' conference, organised by the Association of Cattle, Sheep and Pig Breeders and Exporters of Romania (ACEBOP) and ProAgro, in partnership with Carmistin The Food Company.
Meta Estate Trust, a holding company active in the real estate sector and listed on the Bucharest Stock Exchange (BVB) under the symbol MET, announced that it signed the mandate agreement with its new Chief Executive Officer (CEO), Dan Petrișor. The appointment decision was made by the Board of Directors on October 31, and the […]
Renting is steadily becoming more common in Romania, as access to credit becomes increasingly difficult. As such, even though rents traditionally tend to decrease in October, this year they have kept steadily increasing in most major cities. Traditionally, the demand for rentals increases in August and September, when students return to the major university cities. […]
Demand for logistics and industrial space in Romania reached 750,000 square meters in the first nine months of 2025, a 30% increase compared with the same period last year, according to the Romania Industrial Marketbeat Q3 2025 report by real estate consultancy company Cushman & Wakefield Echinox. If the current pace continues, the total volume […]
Documentary Mondays and Fiction Tuesdays, the programs of the Czech Center in Bucharest, return between November 10 and November 25 with screenings of six contemporary and classic European films. Documentary Mondays, the Czech Center's longest-running film program, proposes documentaries that reflect on the present, memory, trauma, and the ways in which we relate to the […]
Booking Holdings Romania, Servier Pharma, JYSK Romania, Schneider Electric, and Deichmann are the most appreciated companies by their own employees, according to Top Employers Undelucram.ro 2025. The list is based exclusively on feedback from employees rather than public image or marketing perception. The ranking made by Undelucram.ro, a leading online employee community in Romania, is […]
On New Year’s Eve, the local authorities in Constanța will no longer organize the traditional fireworks display. The decision was made to protect animals as well as the environment. The seaside city of Constanța thus joins a growing list of cities in Romania to ban fireworks, Digi24 reported. Cluj-Napoca, Ploiești, Iași, and Brașov...
