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.
On November 20th, 2025, the Bucharest Stock Exchange (BVB) celebrated 30 years since its reopening, organizing a series of anniversary events along with various representatives of the Romanian capital market. Three decades ago, the first transactions took place on the BVB, and the Romanian investment landscape as we know it today began to take shape. […]
With the holidays just around the corner, we’ve created the new Collection of Boromir Infused Cozonac with natural vanilla syrup and pistachio. Unique, slightly moist, and richly filled, our latest assortments of Boromir Infused Cozonac make every festive moment with your loved ones even more special. Each bite melts in your mouth, bringing warmth, comfort, […]
Romanian airline AnimaWings announced on Friday, November 21, that starting in 2026, it will operate five new air routes from Timișoara International Airport, serving holiday destinations in Italy and Greece. The new connections include Athens (ATH), Olbia – Sardinia (OLB), Kefalonia (EFL), Thessaloniki (SKG), and Kavala (KVA). “We want Timișoara to become a reference point […]
President Nicușor Dan promulgated a law establishing October 29 as Queen Marie Day, following the bill’s adoption by the Chamber of Deputies on October 28, news agency Agerpres reported. The new law designates the date as a day dedicated to commemorating the life and historical contribution of Queen Marie of Romania. On October 29, public […]
Horaţiu Potra, the mercenary leader with alleged ties to Russia who previously fled Romania, was placed under preventive arrest for 30 days after his extradition from Dubai. He is investigated for attempted actions against the constitutional order, violation of the regime of weapons and ammunition, and violation of the regime of explosive materials. The same preventive […]
Nicușor Dan is the political figure in whom Bucharest residents have the most trust, according to a survey by INSCOP Research. The former mayor, now head of state, is followed by prime minister Ilie Bolojan. More precisely, 44.2% of the total sample state that they have quite a lot or very much trust in Nicușor […]
