A tax strategy for 2023 will be unveiled in April this year, Prime Minister Ciuca on Friday assured officials of the Foreign Investors Council (FIC), an organisation that brings together over 120 of the largest Romanian companies running on foreign capital, in a meeting at the Government House.According to a government press statement, the attendees underscored the importance of investment to the recovery of the economy and the need to boost foreign investment, which is a key component in economic growth."I want to welcome the initiatives of the Foreign Investors Council and to say that we are committed to achieving the same goal: developing and improving the Romanian business environment. (...) Creating such a formal consultation framework between the government and the business community helps us with our efforts to consistently attract the investment of foreign-owned companies, which is expected to result in the completion of a predictable legislative process and public policies based on data, analysis and impact studies, all key elements in building a trusting relationship with investors," Ciuca is quoted as saying in the statement.It is necessary to identify the public policies and the necessary tools to capitalise on the investment considered by the government and also by the foreign investors that are developing in our country, Ciuca said."We have allocated the largest amount of investment this year - 88 billion lei. We will invest another 80 billion euros from European money in the coming years. In order for these ten billion euros a year to produce effects, the government must have the capacity and mechanisms to concrete projects. We will set up a government structure that will deal with foreign investments in Romania, but also with the promotion of Romanian exports. Let's invest together," the prime minister said.In their turn, the attending representatives of foreign investors pointed out that boosting investment can increase Romania's economic development potential by 4.5 times by 2040. To that end, willingness for a partnership to ensure a sustainable direction towards the social environment and corporate governance was expressed.
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Six men and one woman from Romania have been accused of recruiting dozens of children and adults from foster care centers, whom they then transported to Hungary, where they turned them into slaves, forcing them to work under inhumane conditions. The accused are from the localities of Ozun and Chilieni, Covasna County, Romania, and allegedly […]
The Museum of Collectivization, the first in Romania dedicated to the forced collectivization period of the communist era, is set to open a new wing, Corp B, funded through the EU-backed National Recovery and Resilience Plan (PNRR) and co-financed by the National Cultural Fund Administration (AFCN). With the new building, the museum located in Tămășeni, […]
Romania’s “Madrigal – Marin Constantin” National Chamber Choir, conducted by Anna Ungureanu, will be in Luxembourg and Belgium, as part of the “Bridges Across Europe/Punți peste Europa” European tour, where it will perform five extraordinary concerts. The performances will take place between November 20 and 25, with the help of the Ministry of Culture, the Romanian Embassy […]
The European Development Bank approved a EUR 140 million loan for Romania’s “Cultural Foundations” project, aimed at preserving historical monuments and constructing cultural buildings in the country. The project targets 14 investment objectives of national and European relevance, administered by public institutions under the Ministry of Culture, including the Romanian Athenaeum, the Romanian National Operas […]
