The costs with the interest will reach 2% of GDP next year, and what the National Authority for Fiscal Administration collects in a month out of twelve will be paid for interest, says Alin Chitu, State Secretary in the Ministry of Finances (MF).‘We start from an area where we get gradually to 25% fiscal income in the GDP and either we decide to reduce expenses, including social services and I am talking about the ones which consume a lot, Health, Education so that we can keep this level of taxes that we have now, or it will be necessary to do some things, to collect more. And I ask you not to forget that next year we reach 2% of GDP for the interest costs. Practically, what the National Tax Administration Agency (ANAF) collects in a month out of twelve we pay for interests. And then, in a way, this balance is necessary in a way or another, not only from the perspective of the National Recovery and Resilience Plan (PNRR) stated Alin Chitu in the conference ‘ Competition in key sectors’ organized by the Competition Council.Asked about the fiscal reform, he said that ‘this is not a reform, but they are some steps, some decisions’.According to the MF representative, Romania must get at 30% fiscal income from GDP and for this the income must increase by 3%. This year, adjustments on the tax side will bring 1% of GDP.He also stated that the measures for digitization will bring four percentage points budget revenues at the finalization of PNRR.
Cambridge School of Bucharest (CSB), one of Romania’s leading international British schools, will host a dedicated Primary Open Day on Thursday, 14 May, from 16:00, inviting families interested in Years 2, 3 and 4 to discover the opportunities offered through the National Curriculum for England. Taking place on the CSB campus in Pipera, the event […]
Romania has begun drafting a national anti-poverty and social inclusion strengthening strategy, according to interim labor minister Dragoș Pîslaru. One in five Romanians lives close to the poverty line, the minister said on Thursday, May 7. Romania is the first EU member state to have initiated steps for drafting a national anti-poverty and social inclusion […]
Transilvania International Film Festival (TIFF), the largest film festival in the country, announced a partnership with the Los Angeles-based Film Independent to present Always Remember in Transilvania, a series of free screenings aiming to raise Holocaust awareness. During the 25th edition of the event, taking place from June 12 to June 21 in Cluj, two […]
Fil Rouge Capital (FRC) is actively looking at opportunities in the country, Matei Dumitrescu, Venture Partner Romania with FRC, explains. Fil Rouge recently announced a EUR 300,000 pre-seed funding for the European social media platform eYou, which launched publicly this week in Bucharest. Its local portfolio also includes OptiComm.ai, a Romanian AI startup focused on […]
Bucharest Pride 2026 will take place between June 3 and June 13 under the theme “All of Us,” the organizers announced, as reported by News.ro. The annual LGBTQIA+ event series will conclude with a march in central Bucharest expected to attract more than 30,000 participants. ...
Two of the most important streets in Bucharest, the Ion Mihalache Boulevard and Calea Griviței, will undergo modernization work in the following period, according to an announcement made by Bucharest City Hall on Thursday, May 7. The streets in question are poorly maintained, difficult to travel on, with illegally parked cars and destroyed green spaces. […]
