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.
The ECOTECA Association, in partnership with the Ministry of Environment, Waters and Forests, is organizing the conference “Return & Recycle Insights – 2 Years of DRS in Romania”, which will take place on 26 November 2025, between 09:00 – 13:00, at the Bucharest University of Economic Studies (ASE). The event will bring together representatives […]
Nine years after opening its doors, Veranda Mall enters its most exciting chapter yet. What began as a project to breathe new life into the Obor neighborhood has evolved into one of Bucharest’s most beloved destinations for shopping, leisure, and connection. As it marks this anniversary, Veranda unveils a winter events lineup rich in culture, […]
Purcari Wineries (BVB: WINE), CEE’s leading wine producer, announced its financial results for the first nine months of 2025 on Friday, November 14. The company saw a decline of 1.46% in pretax EBITDA earnings from the similar period last year. Specifically, earnings decreased to RON 84.66 million from RON 85.92 million last year. Meanwhile, group […]
With a solid 35-year uninterrupted presence on the Romanian market, Darian—one of the longest-standing consultancy groups with fully Romanian capital—reaffirms its role as a strategic partner for the business environment. Darian marks this anniversary not through grand promises, but by strengthening its core working philosophy: acting as a “co-pilot” for complex decision-making. The company emphasizes […]
The National Bank of Romania (BNR) revised its inflation forecast upward, from 8.8% to 9.6%, for the end of 2025. The institution anticipates that inflation will reach 3.7% at the end of 2026, compared to 3% in the previous forecast, according to data presented on Friday, November 14, by governor Mugur Isărescu. Compared to the […]
The state-owned company Transelectrica (BVB: TEL), the operator of the Romanian national energy system, recorded a net profit of RON 183 million in the first nine months of the year, down 56% compared to the same period last year. Operating revenues fell by 2%, to RON 1.716 billion, mainly due to the decrease in revenues […]
