The amounts earmarked for investments hold an important share in the budget structure in 2024, more than 7% of the GDP, Prime Minister Marcel Ciolacu said during a meeting at the Victoria Governmental Palace on Wednesday with a World Bank delegation led by World Bank's Country Director for the European Union Marina Wes.According to a Government press release, the preparation of the budget for the year 2024 was an important part of the discussions, with the prime minister presenting on this occasion the objectives pursued by the Government in the configuration of the budget allocations for next year."The amounts earmarked for investment occupy an important share in the budget structure for 2024, of over 7% of the GDP. The government is also considering introducing a set of new measures to combat tax evasion and setting up an inter-institutional structure to ensure consistency in the implementation of these measures," the prime minister is quoted in the press release as saying.Marcel Ciolacu highlighted the efforts made to increase the absorption rate of European funds, showing that Romania will end the current financial year with an absorption rate of about 97%.World Bank's country director Marina Wes voiced the WB's willingness to continue to support the Romanian authorities, both in terms of making tax collection policies more efficient and combating tax evasion, the press release said.
Premier Energy PLC, one of the fastest-growing energy companies in Romania and the SEE region, will carry out an initial public offering (IPO) on the Bucharest Stock Exchange (BVB) between May 8 and May 15, 2024. Romania's Financial Supervisory Authority (ASF) approved the IPO prospectus on Tuesday, May 7. The company is looking to sell […]
The European Bank for Reconstruction and Development (EBRD) is lending more than EUR 46 million as part of a EUR 93 million financing package to build and operate Urleasca Wind Farm, a 102 MW onshore wind farm in Romania, the institution announced. Urleasca Wind Farm is expected to generate 277 GWh a year of renewable energy […]
Bucharest and Ilfov County together form the region in Romania with the highest motorization rate, with an average of 640 cars per 1,000 inhabitants, a level close to most regions in France, Germany, Austria, and Italy, according to Eurostat data for 2022 cited by Ziarul Financiar. In the central, western, and northwestern regions of the […]
Nicolae Ciucă, the president of the National Liberal Party and head of the Romanian Senate, is increasingly looking like the party’s pick for the presidency. Ciucă, a former general in the Romanian army and an ally of current president Klaus Iohannis, also from PNL, is featured on dozens of billboards across the country. In parallel, a social media […]
The 28th edition of the European Film Festival opens in Bucharest on Europe’s Day, May 9. The event, which takes place in several cities in the country, will end this year’s run in Chișinău on June 8, the weekend of the EU Parliament elections. The program covers 40 feature films, 34 of them national premieres, […]
The multinational military exercise "Swift Response 24,” which will feature the largest airborne operations in Europe since World War II, has recently begun. The exercise will take place until May 24 in Romania, including in the Cincu range in Brașov County, according to Radio Brașov, as reported by Rador. According to the Ministry of National […]
