The chairman of the National Liberal Party (PNL), Nicolae Ciuca, announced on Monday that the Political Bureau of the party voted for the government's responsibility for the measures to reduce expenses and fiscal measures."The subject that is of major interest to everyone is that of the engagement of government responsibility for the measures to reduce expenses and fiscal measures. We had discussions at the level of the PNL leaders and I presented as clearly as possible what are the fundamental elements that the PNL has supported and continues to support to take on this responsibility. The fundamental elements are three in number, namely: reducing budget expenditures, reducing fiscal evasion and fiscal measures," said Ciuca, after the meeting of the National Political Bureau of the PNL.He reiterated that PNL continues to support the maintenance of the flat tax rate, will continue to support private entrepreneurs, the economic environment by maintaining the dividend tax rate at 8%.Ciuca specified that the PNL supports maintaining the current VAT rate and affirms that at the level of the entire governmental structure, measures should be identified by which large companies pay tax on the profit they make in Romania."We support that at the level of liberal professions and Authorised Natural Person (PFA), a ceiling should be imposed for Social Health Insurance Contributions (CASS)," the PNL leader added.He specified that, beyond these measures, another package is needed to support investment and economic growth measures."There are three lines that we can approach, it is about fiscal facilities, for utilities and personalized state aid for investments that exceed the amount of 50 million euros," Ciuca pointed out.
The number of people in Romania at risk of poverty stood at 3.59 million people in 2024, 375,000 fewer than in 2023, representing a 9.4% decrease, according to data from the National Institute of Statistics, or INS. Despite the improvement, nearly one in five Romanians was affected by poverty last year. According to INS, 19% […]
The European Public Prosecutor’s Office (EPPO) in Cluj-Napoca carried out multiple searches on Tuesday, July 1, at the Sibiu International Airport and the Sibiu County Council as part of an investigation into suspected fraud involving a EUR 54 million EU-funded infrastructure project. A total of 24 locations were searched across Bucharest, Brașov, and Sibiu county, […]
A Romanian taxi driver who scammed 90-year-old Nigerian Nobel Prize laureate Wole Soyinka was detained by police on Sunday, June 29, according to media reports. On Friday, June 27, the venerable Nigerian arrived at Bucharest's Otopeni Airport. He got into a taxi and asked to be taken to a hotel downtown. At the destination, the […]
Costin Șerban, a Romanian entrepreneur, is digitalizing the construction sector in the United Kingdom with an ERP (enterprise resource planning) solution developed over 12 years and an investment of GBP 1.6 million (EUR 1.86 million). Șerban’s cloud-based ERP platform is called Abilo, was developed by the Romanian IT company Obi Systems, and is dedicated to […]
Border checks between Bulgaria and Romania have officially been lifted on July 1, as part of the implementation of the Schengen Agreement. The lifting marks the end of the transitional period of heightened control at the internal border, which had remained in place for six months following their accession to the Schengen area by land […]
Remus Vulpescu became CEO of the Bucharest Stock Exchange (BVB) on Tuesday, July 1, taking over from Adrian Tănase as the stock exchange grapples with a market dominated by government bonds. Vulpescu, 53, is a graduate in political and legal sciences from the University of Bucharest and holder of an EMBA obtained in 2017. He […]
