The Minister of Finance, Adrian Caciu, has met, on Tuesday, in Brussels, the European Commissioner for Economy, Paolo Gentiloni, to whom he presented the budget measures taken by the Government in the context of ensuring the sustainability of public finances and the proposals for the modernizing the tax policy.According to a release of the Finance Ministry, sent on Tuesday, the meeting between the two officials took place on the sidelines of the ECOFIN Council in Brussels.The Finance Minister has emphasized respecting the commitment regarding the adoption in due time of the budget for 2022, its form managing to avoid the premature withdrawal of budget support for managing the effects of the pandemic crisis and to create, at the same time, fiscal space.Adrian Caciu pleaded to reach a balance between maintaining the commitment of Romania to return to the limits of the Stability and Growth Pact in 2024 and the gradual accomplishment of fiscal consolidation, taking into account the increased needs for public investments.Regarding measures to support investments, the Finance head mentioned that "even in the conditions of a total adjustment of costs, investment spending had a major increase ensured, of over 1 percentage point, up to the level of 6.7% of the GDP, especially through the use of non-returnable external funds made available by the European Union."According to the quoted source, the two officials also discussed policies in the realm of taxation.The Finance Minister reiterated the priority of the Government in regards to reducing the VAT deficit through combating tax evasion by means made available both by the national legislation, as well as by the European one."The Government's priority is to reduce the fiscal deficit in VAT and to reduce tax evasion. We maintain our commitment to return to the limits of the Stability and Growth Pact in 2024," Adrian Caciu told the EU Commissioner for Economy.On the other hand, the Finance Minister also presented to the European Commission representative the mechanism for the B2B electronic bill for products with a raised fiscal risk, as well as the E-Transport system established by Government Emergency Ordinance no. 130/2021.
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Romanian president Nicușor Dan is present Thursday and Friday, June 26-27, in Brussels, at the first European Council since he took office as president. EU leaders at the event are set to discuss a range of topics, such as the situation of the war in Ukraine, the crisis in the Middle East, security and defense […]
Celebrities will no longer be allowed to appear in gambling advertisements on TV, radio, and online, following a decision voted on Wednesday, June 26, in a public session of Romania’s audiovisual watchdog, the National Audiovisual Council (CNA). This provision is part of a series of amendments made to the Audiovisual Regulatory Code, the secondary legislation […]
Hidroelectrica, the largest energy provider in Romania, announced on Thursday, June 26, that it had awarded the tender for a floating photovoltaic panel system within the “Nufărul Pilot Project.” The public procurement was initiated through an open tender, with an estimated value of RON 47.2 million (EUR 9.5 million) excluding VAT. Two economic operators submitted […]
Bucharest is set to bring back its tourist bus service, following a decision by the city’s General Council on Wednesday, June 25, to establish a dedicated public transport line called “Bucharest City Tour,” Agerpres...
Romania has made limited progress in enhancing its framework against money laundering, terrorist financing, and proliferation financing, according to a recent report from the Council of Europe’s committee of experts on the evaluation of anti-money laundering measures and the financing of terrorism, or Moneyval. The committee noted that the country has taken several steps to […]
