Prime Minister Marcel Ciolacu estimated on Wednesday that by the end of 2024 inflation would drop below 5% and that Romania would fall within the proposed budget deficit."With certainty, until the end of the year, we will have an inflation below 5%. Do I have to remind you what inflation I took over as prime minister, with two digits? We brought it to a reasonable area and it will continue to decrease. If PSD had not entered the government and we had not come with the cap on energy, we would have had an inflation of 30%," said Ciolacu on Thursday.Ciolacu specified that in December Romania would fall within the proposed deficit, just like last year."In January, we always have this discussion. Last year we fell within the deficit that we announced to you when I took over the mandate of prime minister, although it was 6.8%, we exceeded that moment. Now you ask me what it will happen in December. We will go into deficit. The deficit at this time is not overcome by consumption, but by investment. And you will see that these investments will return to the economy and will be found in taxes and duties. All developed countries have done that," explained Ciolacu.Referring to a possible progressive taxation, Ciolacu explained that it does not concern salaries, but exceptional incomes."Nobody talked about the progressive taxation of salaries, not even me, as a fan of progressive taxation. On the contrary, I said about a hundred times that we are talking about the progressive taxation of cumulative incomes or exceptional incomes. I also gave an example, if you buy a plot of land for 10,000 euros and you sell it for 10 million euros, nowhere in the world do you pay a tax of 1% or a maximum of 10%. You pay a differentiated tax, because it is an exceptional income," Ciolacu added.
La French Tech Bucharest announces the third edition of its highly anticipated flagship event, Sustainability meets Profitability, set to take place on April 8th, 2025, at the Romanian - American University (1B Expoziției Boulevard, Bucharest), starting at 18:30. Sustainability meets Profitability event will explore the new regulations companies—big or small—must navigate and how they can turn […]
The builders of Romania’s important A1 Sibiu – Pitești highway are set to start the construction of a bridge over 300 meters long and at least 100 meters wide, allowing the animals of the Southern Carpathians to cross from one side to the other. The investment will pay off as a corridor for large mammals […]
The local business services industry has potential for growth, even if it will see a slower pace because the market is a mature one and given the high regional and global competitiveness, according to a report carried out by the Association of Business Service Leaders in Romania (ABSL) in partnership with Deloitte Romania. Still, the […]
Several Romanian military personnel who were on parental leave went to Congo as mercenaries, according to a statement from the Ministry of National Defense. The issue of active soldiers taking mercenary work first came up on the public agenda after PressOne...
The European Investment Bank and the government of Ukraine have agreed to allocate EUR 50 million from EIB funding to Ukraine's national railway company, Ukrzaliznytsia, for the modernization of key railway border crossings with Poland, Slovakia, Hungary, and Romania. The project includes repairs to worn-out railway tracks, the relocation of wagon inspections, the reconstruction of […]
Medicover has acquired the operations of the lab tests provider Synlab Group in Romania, Turkey, Cyprus, Slovenia, Croatia, and North Macedonia in a transaction worth EUR 71.3 million, the company announced. The transaction was financed from Medicover's own sources. It was carried out by Medicover for its diagnostic services division, present in Romania under the […]
