The Government approved the budgetary rectification for the state budget, the social insurance budget and the unemployment insurance budget, taking into account the macrocosmic forecasts developed by the National Forecasting Commission, the Minister of Finance, Marcel Bolos, announced on Monday.The indicators on which the rectification was carried out are economic growth revised to 2.8%, a GDP deflator of 7.2% and an updated GDP of 1768.8 billion RON.The revenues of the general consolidated budget in 2024 reach 620.2 billion RON and the expenses of the general consolidated budget amount to 743 billion RON. "There is a surplus of budget revenues after the first eight months, revenues that we use to develop Romania! 84% of the deficit goes to the investment area. We are the first European state in terms of the ratio between the deficit and the volume of investments. Obviously, at this level investment record, the budget deficit also increases to 6.9% of the Gross Domestic Product, but it is a sustainable deficit, taking into account that 8.5 RON out of 10 RON spent go to highways, hospitals, schools and gas networks, water and other objectives of local interest," stated Marcel Ciolacu at the beginning of the government meeting.The prime minister said that this money returns to the economy and multiplies: for one euro invested, six or eight euros return to the state."That's why we have to go forward with a lot of courage. We don't have time for philosophers who, as prime ministers, had a deficit of 9.2%, and investments were only 1.7% of GDP. They only knew how to consume, not to build! Now, the consumption margin is very limited and it is vital to keep it that way," said Ciolacu. (Photo:https://gov.ro/)
The demand for logistics and industrial spaces reached 575,000 sqm during the first 9 months of this year, a decrease of 20% compared with the same period of 2023, according to a report by real estate consulting company Cushman & Wakefield Echinox. The figures for Q3 2024 reveal that 164,000 square meters were contracted, a […]
Dutch classical music star André Rieu will return to Romania for two concerts at BTarena in Cluj-Napoca on November 13 and 14, 2025. Rieu’s concerts in Romania, where he enjoys a high degree of popularity, have set multiple attendance records. In 2015 and 2016, he performed nine sold-out shows in Bucharest’s Constitution Square for over […]
Till Lindemann, the frontman of famous German rock band Rammstein, will embark on his "Meine Welt" tour across European arenas in the fall of 2025. Among his stops he is scheduled to perform in Romania on December 4, 2025, at Romexpo in Bucharest, as announced on his official website. The "Meine Welt" tour will take […]
HR Summit, one of the most important events dedicated to the human resources industry in Transylvania, will take place under the theme Shifting Priorities: Talent, Technology, and Trust, on Friday, November 22, at Radisson Blu Hotel in Cluj-Napoca. This year's edition of HR Summit focuses on leadership, employee well-being, the introduction of innovative...
Fourteen Central and Eastern European startups (CEE) have been selected for the first edition of the Impact Creators accelerator, Impact Hub Bucharest and PurposeTech announced. The application period attracted 133 proposals from 18 countries. The startups will participate in an intensive program to accelerate their businesses, which will end with a Pitch Day. The most […]
The immersive art museum MINA Cluj will host a special event featuring Dumitru Prunariu, the only Romanian who flew in space. Scheduled for November 24, the event will give the public the opportunity to hear the stories directly from the one who represented Romania in the Soyuz 40 mission in 1981, carried out as part […]
