The measures that the government will take and will probably announce next week will have to preserve social cohesion, governor of the National Bank of Romania (BNR) Mugur Isarescu said on Friday."Romania's tax and budget imbalances are categorically the main problem that we currently have to solve. And there is also time pressure. Of course, it is not only a question, let's say financial or fiscal, to get closer to the subject, as it has a component of political stability - the government must at the same time secure political stability. It also has a component of social cohesion. The measures that the government will take, it will probably announce next week, will have to preserve social cohesion to prepare the country for next year's elections. And, of course, it has the component of financial, fiscal, budgetary stability," said Isarescu.He added that BNR hosts debates because they are the most important laboratory for economists.Isarescu on Friday attended the launch of "The Tax Institute", the first think tank dedicated to taxation operating at the National Bank of Romania. The first study of the organisation called "Amendments to the New Tax Code: Inventory and impact (2015 - 2023)" was also released. Tax law amendments, abuse of tax policy Mugur Isarescu also maintains that the legislative changes made in the tax field in recent years have been an "abuse of tax policies"."Well, with so many exceptions (...) This was clearly an abuse of fiscal policies. You have in 6 years so many amendments. Well, what stability can you have with such issues? (...). We now have a regressive tax system that puts more pressure on small taxpayers. So, in my opinion, the first measure would be to end, gradually of course, because you can't even rush business people with measures from one day to the next, from a certain perspective, with all these exceptions and then return to a flat-tax before discussing other tax systems. But going back to a flat-tax, a single tax, not a regressive tax system. This is where we are. And we, the economists, know what a regressive tax system means. It doesn't help one with pro-cyclicality, it doesn't help with anything," Mugur Isarescu said on Friday.The BNR governor attended the launch event of "The Tax Institute", the first think tank dedicated to taxation. On this occasion, the first study conducted by The Tax Institute specialists, entitled "Amendments to the New Tax Code: Stocktaking and Impact (2015 - 2023)".
INVOLI, together with Vantage Towers Romania, proudly announces an enhanced strategic partnership aimed at transforming air traffic surveillance throughout Romania regional airports. This initiative marks a significant step in our joint commitment to advancing safety and operational efficiency across all levels of Romanian airspace. Partnership Overview Extended Collaboration: Building on the successful implementation of the […]
Emanuele Nicola Affaticati, a young boy of Romanian origin, will be given the recognition of "Alfiere della Repubblica" (Standard Bearer of the Republic) in Italy for preventing a murder. Emanuele lives in the town of Fiorenzuola D’Arda, in the Piacenza area. In December 2022, he foiled the plan of a man who intended to kill […]
The salaries in the local business services industry have seen a 4% increase in March 2024 compared to September 2023, according to the HR Barometer conducted by the Business Service Leaders Association (ABSL) and PwC Romania. Bucharest leads in salary increase levels at 4.7%, while the region of Banat - Transylvania witnessed an increase of only 2.1%. […]
Romania's Central Electoral Bureau recently published the definitive list of candidacies for the European Parliament elections. According to the BEC decision, 12 political formations and electoral alliances, as well as 4 independents, will participate in the European elections. The candidacies submitted by the Electoral Alliance of Social Democrats and Liberals (PSD-PNL), the United Right Alliance […]
Liberal (PNL) candidate for mayor of Bucharest, Sebastian Burduja, who recently presented his plan for the city, argued that the Romanian capital should strive to become a port on the Danube. The project was first envisioned roughly 170 years ago, in the 1850s, by the Romanian authorities at the time. "It's a project that I […]
Romania will host the third hydrogen bus roadshow this spring as part of the JIVE projects supported and funded by the Clean Hydrogen Partnership, followed by Greece, Bosnia Herzegovina, and Bulgaria. During the first JIVE project CEE roadshow, which ran between November 2022 and January 2023, the bus traveled across Slovenia, Croatia, Czechia, Slovakia, and […]
