The impact of the fiscal package on inflation is 1.5 - 1.8 percentage points, announced on Thursday, Finance Minister Alexandru Nazare."I did a calculation. It's about a point and a half, 1.5 - 1.8 during the current year. I'm talking about inflation. I'm talking about the impact on inflation. Of course, we will have an updated impact with all the measures when the package is closed," said Alexandru Nazare, in a press conference organized at the Government.The Ministry of Finance published a draft law on Thursday that provides for some fiscal-budgetary measures, including the increase in the standard VAT rate from 19 to 21% and the reduced rates from 5% and 9% to 11%, the increase in excise duties, the increase in the dividend tax from 10% to 16% and an additional tax for banks. The project also provides for the increase in taxation in the field of gambling but also the payment of social contributions for pensions higher than 3,000 lei, for the amount exceeding this ceiling.The draft law indicates a total impact of the proposed measures of 10.7 billion lei in 2025, of which 9.49 billion lei on the revenue side and 1.25 billion lei on the expenditure side.In May, the National Bank of Romania (BNR) revised upwards, to 4.6%, from the previous 3.8%, the inflation forecast for the end of 2025.
Different Beauty, a recently opened exhibition of works by Czech photographer David Těšínský, offers a glimpse into everyday life in the war-torn region of Donbas in 2017. The photos were taken within the span of only a few days, as Těšínský traveled to eastern Ukraine to document the lives of women impacted by war. In […]
The Romanian mergers and acquisitions market registered a total of 122 announced transactions in the first half of 2025, with a value exceeding EUR 2.7 billion, marking a slight increase of 6% in volume and 4% in value compared to the same period last year, according to an analysis by George Ureche, partner at PwC Romania. […]
Arrivals recorded in tourist accommodation structures in Romania, including apartments and rental rooms, in the first five months totaled 4.49 million people, up 0.8% compared to the same period in 2024, according to data from the National Institute of Statistics. Of the total number of arrivals during this period, Romanian tourists accounted for 80.8% and […]
Renowned Romanian mountaineer Horia Colibășanu reached the summit of Nanga Parbat (8,125 meters), the ninth-highest mountain on Earth, on Friday morning, July 4, marking his 11th successful climb of a peak over 8,000 meters. The ascent represents a major milestone in his ongoing quest to conquer all 14 of the world's eight-thousanders. Colibășanu's expedition began […]
UiPath (NYSE: PATH), a global leader in agentic automation, today announced that it has named Romanian Olympic swimming champion David Popovici a Global Ambassador. In this capacity, Popovici will be attending and speaking at several UiPath events globally. The partnership, spanning four years, will support the young athlete throughout his preparation for the biggest European […]
Confident Agency, an independent full-service communications agency with offices in Bucharest and Barcelona, has achieved international B Corp Certification, becoming the first agency in Romania and in Central and Eastern Europe to join the global B Corp movement. This milestone marks a turning point in the agency’s journey and in the regional creative industry. Confident […]
