Prime Minister Ilie Bolojan announced on Friday that the discussions regarding next year's budget will begin within the next two weeks.He responded that way when asked in an interview with the "Europa Libera Romania" website about the stage of preparation of the draft State Budget Law for 2026."In the next two weeks, the budget discussion will begin. We have to be open: the budget will be promoted once the packages which form the basis of a predictable budget are adopted. And if we do not adopt them by mid-December at the latest, there is, unfortunately, a risk for next year's budget to be compromised in terms of deficit targets. And we cannot allow that as a country. I will insist in the immediate period on implementing all projects that set a healthy budget - we respect the milestones, collect our European funds and create conditions to resume healthy economic growth next year, with an economy built on correct foundations, with good laws and a new attitude," PM Ilie Bolojan said.In this context, the Prime Minister mentioned that Romania will observe the commitments it has made regarding the Defence budget."Defence, according to the commitments Romania has undertaken, will need to have a slightly higher budget. Not much higher, because we cannot afford it, but we will honour the commitments Romania has made and we will increase this budget," Bolojan said.(Photo:www.gov.ro)
Romanian president Nicușor Dan announced on Tuesday, December 9, that French president Emmanuel Macron will pay an official visit to Romania in 2026. The confirmation was made during Dan’s visit to Paris, where the two leaders held extensive discussions on defence, security, and economic...
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 […]
