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.
The third breast milk bank in Romania has opened at the Sibiu County Hospital, following a RON 13.5 million (about EUR 2.7 million) investment aimed at modernizing the hospital’s neonatology department. The modernization project, financed through the National Recovery and Resilience Plan, included the replacement of old equipment, a 20% increase in the number of […]
President Nicuşor Dan stated on Wednesday, July 30, in a press conference that the current system, which allows magistrates to retire under the age of 50 with a pension higher than their salary, is absurd. He also criticized the Superior Council of Magistracy, or CSM, for the current “disorderly” state of the Romanian justice system. […]
Forty Romanian firefighters and eight fire trucks left for Greece on Wednesday, July 30, to participate in firefighting missions, the General Inspectorate for Emergency Situations said. Between August 1 and September 15, Romania will take part in the Directorate-General for European Civil Protection and Humanitarian Aid Operations (DG ECHO) program aiming to support the Greek […]
Integrated facility and property management services provider Nazca has opened its first office outside Italy, its domestic market, in Bucharest. Nazca expects revenues of over EUR 1 million next year in Romania, and in the next 3 years, the growth plan aims to reach EUR 10 million, with target sectors being office buildings, retail, industrial […]
The 19th edition of TIFF Sibiu, one of the local editions of the Transilvania International Film Festival (TIFF), the largest film event in the county, will present a program of international films and the latest productions by Romanian fillmakers, who will attend the event. The festival takes place between August 7 and August 10, with […]
Moldovan carrier Flyone will add a route between Bucharest and Munich starting in October. The flights to Munich will be operated on Mondays, Wednesdays, and Fridays. This adds to the flights it has connecting the Romanian capital to Tel Aviv, Brussels, and Verona. With these routes, the airline is responding to the constant demand from […]
