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.
Several archaeological pieces from the Dacia - Empire of Gold and Silver exhibition showcasing Dacian treasures from Romania have been stolen after an explosion at the Drents Museum in the Netherlands on the night of January 24 to 25. Among them, the famous golden Helmet of Coțofenești, c.a. 450 BC, which belonged to the National […]
In European offices, there is a steadily growing interest in spaces that are not only beneficial to productive work but also reflect a modern approach to ergonomics and aesthetics. Romania is also part of this trend, with more and more companies investing in modern offices that combine functionality with exceptional design. In this article, we'll […]
By Ambassador Extraordinary and Plenipotentiary Permanent Representative to the Council of Europe, Dr. Ion I. Jinga Strasbourg, January 2025 Motto: “Precedents in history can furnish no other light than that of beacons, which give warning on the course to be shunned, without pointing out that which ought to be pursued.” Alexander Hamilton, Founding […]
A technical evaluation mission of the Secretariat of the Corporate Governance Committee of the Organisation for Economic Co-operation and Development (OECD) took place on January 20-23 at the General Secretariat of the Government (SGG).According to SGG, the major objective of the mission was to analyse and evaluate the implementation by Romania, as a candidate state, […]
The state budget deficit forecast for 2025 has increased to the average value of expectations of 7.3% of GDP and economic growth expectations are at the average value of 1.3%, according to the estimates of analysts from the CFA Romania Association.Public debt calculated as a percentage of GDP is expected to increase to 57% in […]
New orders in the manufacturing industry increased by 2.7%, in nominal terms, overall (domestic and foreign markets), between January 1 and November 30, 2024, compared to the same period in 2023, according to data published on Thursday by the National Institute of Statistics (INS).In the same period, the evolution of new orders in the manufacturing […]
