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.
Romanian energy group OMV Petrom (BVB: SNP) announced its sales revenues dropped by 7% y/y in Q2, resulting in a 1% y/y contraction to RON 17.0 billion (EUR 3.4 billion) in the whole H1, while its net profit plunged by 17% y/y in Q2 and 21% y/y to RON 2.1 billion in H1, according to […]
The volume of building permits for retail spaces in Romania, measured in square meters, surged by 53% y/y to 303 thousand square meters in H1, according to data published by the statistics office INS. The number of projects rose by 42% y/y to 261. The residential construction segment, driven by the individual (as opposed to collective) […]
Romania has completed the renegotiation process of the National Recovery and Resilience Plan (NRRP) with the European Commission, a process that has been going on for more than a year, Minister of Investments and European Projects Dragoș Pîslaru said on July 31, during a press conference, according to
Wizz Air will add a route connecting Brașov, in central Romania, to Katowice, in Poland, beginning next year, the Brașov International Airport announced. The route will become operational on March 31, 2026, with flights operating every Tuesday, Thursday, and Saturday. In the upcoming winter season, the airline will operate seven routes to five countries from […]
IT Genetics, a company specializing in digitalizing services, aims to have its shares tradable at the Bucharest Stock Exchange by the end of this year, with the amount to be raised estimated at approximately EUR 2 million. The ITG group will be listed, not just IT Genetics, which is nevertheless the main pillar of the […]
Romania’s current transport minister, the Social Democrat Ciprian Șerban, offered bribes to representatives of a forest district in Iași County as a young businessman in 2012, according to recently surfaced documents and recordings. Șerban gave bribes at least six times before reporting the offense to the National Anticorruption Directorate. He did so only after being […]
