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.
Romanian deep-tech startup .lumen, the developer of what it says are the world’s first AI-powered glasses for the blind, has secured a new investment from EIT Urban Mobility, the European innovation community focused on advancing sustainable and inclusive urban mobility solutions. The value of the new funding round was not disclosed. The investment aligns with […]
The health spending per capita in Romania was the lowest in the EU, with spending less than half the EU average in 2023, the recently released report, State of Health in the EU - Romania Country Health Profile 2025, shows. At the same time, life expectancy in Romania is 5.1 years below the EU average, […]
Romania’s annual inflation rate stood at roughly 9.8% in November 2025, similar to October, according to data published by the National Institute of Statistics (INS). Food prices increased by 7.6% last month, while services rose roughly 11% and non-food goods climbed 10.7%. The consumer price index rose by 0.42% in November compared with October, while […]
Three French soldiers deployed in Romania as part of NATO’s Multinational Battle Group at Cincu intervened to save a truck driver following a serious traffic accident on the A3 Bucharest–Ploiești motorway, the Romanian Ministry of Defense said. The incident occurred earlier this week as the soldiers were traveling toward Ploiești and witnessed the truck crash...
Eight contemporary art galleries will present the works of the artists they represent at the third edition of the Smallest Art Fair in Town, an event dedicated to works on paper. This edition showcases works “investigating the state of wandering, disorientation, and rediscovery in the face of uncertainty.” Under the title In Dark Woods, A […]
Parents everywhere are asking an important question: What skills will truly prepare a child for a world defined by rapid change, global uncertainty, and the rise of artificial intelligence? For decades, schools focused entirely on academics. Today, research from neuroscience, performance psychology, and leading universities shows a different reality: The students who thrive long-term are […]
