Romania will negotiate with the new European Commission a seven-year agreement to re-enter the 3% deficit target, prime minister Marcel Ciolacu said on Tuesday, claiming that our country is in a period of "accelerated" development and it is very important that investments continue."What I can tell you is, for example, that the World Bank gave us a loan to cover the deficit. I suppose that the World Bank saw the pace of Romania's development and did not consider it a risk for an investment in Romania," Ciolacu said, when asked what measures to reduce spending were discussed by the coalition on Monday in order to reduce the budget deficit.According to him, the government should be allowed to negotiate with the European Commission regarding the budget deficit."We have to decide, do you want to enter the logic in which, in two months, if you want, I stop any investment and we have a 3% deficit? I don't have a problem. With all the expenses that have increased in salaries and you know well that the expenses in salaries have increased last year in education and health, after a social crisis and after the biggest strike in the education system. (...) I repeat, I prefer you to ask me daily about the deficit and to continue the investments. I don't stop investments in Romania. (...) Let us negotiate with the Commission. These things are not publicly negotiated," Marcel Ciolacu pointed out, adding that other European states also have to manage the problem of excessive budget deficit.He also pointed out that in the discussions that took place in the coalition meeting on Monday it was agreed that the VAT will not be increased.The prime minister participated on Tuesday in the Business Forum organized at the Palace of Parliament, on the occasion of the meeting of the Partnership for Transatlantic Energy and Climate Cooperation.
North Bucharest Investments anticipates a surge in international interest in the local real estate market following the launch of the Romanian Golden Visa program — a modern mechanism granting foreign investors a 5-year residence permit and the possibility to later apply for Romanian citizenship. The program, which allows eligible investments starting from €400,000 in real […]
Between October 21-25, Bucharest hosts the Climate Change Summit, the most important event in Central and Eastern Europe dedicated to climate action. The main event will take place on October 21 at the Palace of Parliament, featuring the participation of international leaders, decision-makers, and sustainability experts. CCS Week includes...
The works of several Romanian designers and artists will be on display at the Hôtel de Béhague in Paris, the headquarters of the Romanian Embassy, as part of the exhibition Valuable. The Romanian artists and designers included in the exhibition are Radu Abraham, Mircea Cantor, Bogdan Ciocodeică, Constantin Flondor, Cosmin Florea, Nona Inescu, Șerban Ionescu, […]
SCUT, Romania’s newest cybersecurity company, has officially launched the concept of the digital cyber shield — a unified approach, co-created with Orange Cyberdefense — that provides a high level of protection, complete visibility, and coordinated assistance in the event of a cyberattack. The event, organized in Bucharest, brought together industry experts, partners of the new […]
The Romanian engineering and technology company Simtel (BVB: SMTL) announced on Tuesday, October 14, that one of its companies will open a factory in Băicoi, Prahova, to produce industrial cleaning robots. Simtel has a 51% stake in Agora Robotics, the company that will operate the factory set to open in November. “We already have a […]
Over 50 civic and environmental organizations are calling on the General Council of the Municipality of Bucharest to increase fines for illegal deforestation. At the moment, the fine for the illegal cutting of a tree is only RON 50 (EUR 10), or even RON 25 (EUR 5) if paid within 15 days. The organizations have […]
