The draft law on the state budget for 2025 and the draft law on state social insurance were approved on Wednesday evening by the joint plenary session of Parliament.For the draft law on the budget, there were 254 votes in favour and 192 votes against, while for the draft law on state social insurance, there were 255 votes in favour and 192 votes against.The two draft laws will be sent for promulgation to the President of the country, and after the decrees are signed, they will be published in the Official Journal.This year, the state budget was debated in Parliament over two days.The 2025 budget draft was approved by the Government on February 1.The budget is based on an economic growth of 2.5% and a budget deficit of 7% of GDP.Finance Minister Tanczos Barna emphasised in the joint plenary session of the Legislature that the state budget for 2025 is a balanced budget, one that is based on a prudent increase in revenues, without exaggerations.He also pointed out that the Law on State Social Insurance provides "first and foremost, payments for pensions.""Regardless of who will be in power in three, four, or five years at the Ministry of Finance, Romania's commitment to the European Commission must be respected, step by step, we must reduce the budget deficit, and at the same time, maintain investments. Investments are the engine of the economy, and investments are maintained in this budget. (...) This budget is a balanced one, based on a prudent increase in revenues, without exaggerations," said the Finance minister.
Ireland can be seen as one of the most important business hubs in Europe and the European Union, as many international companies have established regional headquarters there. If you are looking for a country to expand your enterprise, you should definitely consider Ireland for several reasons that are presented below. Location and language The first […]
Cyprus is mostly known as a tourist destination. However, there is also a business side to it, as many investors choose it to open companies because of the favorable taxation system. Apart from its low corporate tax rate, there are a few more reasons why you should choose it if you are looking for a […]
The Romanian Commercial Code provides for various types of entities that can be created by natural persons and companies, local or foreign. Each of them has its own particularities, which can give it various advantages. How do you choose among them? We will review the main types of companies and their pros to help you […]
A new alley named after Romanian diplomat Nicolae Titulescu was inaugurated on Tuesday, December 9, in Paris’s Parc Monceau during a ceremony attended by Romania’s president Nicușor Dan and Paris mayor Anne Hidalgo. “I expressed my appreciation for the decision to name an alley in the beautiful Parc Monceau in Paris after the great Romanian […]
Oxygen Resort, a development located in central Romania’s Harghita county, has inaugurated its first bungalows. The first 18 bungalows are already functional, with another 17 units to be completed in the next stage, bringing the total to 35. The inauguration of the bungalows “marks the transition from a center dedicated predominantly to recreational activities to […]
Romania carried out a new medical evacuation mission for civilians from Gaza on Monday, December 8, transporting eight Palestinian patients and 29 accompanying relatives to Bucharest for treatment, according to the Department for Emergency Situations (DSU). The patients were evacuated aboard a Romanian Air Force C-130 Hercules aircraft after lacking access to adequate medical care. […]
