Romania ended 2021 with a budget deficit of 6.7 pct of GDP and we would have liked it to be 5 pct, but if so, we wouldn't have paid salaries and pensions, Finance minister Adrian Caciu said on Thursday at the Palace of Parliament."We managed to reduce the deficit for 2021. We're going to reduce the deficit in 2022 as well, but the fight against inflation is being conducted on several fronts. On the one hand, you reduce deficits and eliminate the risk of slippage. On the other hand, you have to act on the causes of inflation and the causes are the energy prices for which, next month, we come up with a series of solutions that will lead to stopping the increase in energy prices, if not their decrease," Caciu said.He added that the deficit could also be reduced by better revenue collection.Last year's budget deficit was set at 7.13 pct of GDP.The Minister of Finance participates on Thursday in the launching event of the four government programmes the institution is to implement in 2022, organized by the National Credit Guarantee Fund for Small and Medium Enterprises (FNGCIMM).The four programmes: IMM Prod, Rural Invest, Garant Construct and Innovation, are meant to support the objectives assumed through the Government Programme 2021-2024, in order to finance the economy and facilitate lending for micro, small and medium-sized enterprises, in partnership with the banking system and the associative forms of SMEs.
Romanian prime minister Marcel Ciolacu said on Monday, February 24, that a "lasting peace" in Ukraine cannot be achieved without the involvement of the United States, and argued that Romania does not have to choose between it and the European Union. The statements come as the Trump administration is currently negotiating a resolution to the […]
Romania's acting president, Ilie Bolojan, has invited leaders of parliamentary parties to consultations on Wednesday, February 26, to prepare the country's stance for the extraordinary European Council meeting on March 6 in Brussels. The summit, convened by European Council president Antonio Costa,...
Roughly 40 searches took place in the Port of Constanța and other locations on Monday, February 24, in an investigation by the Anti-Corruption Directorate, or DNA, targeting influential local businessmen, former customs officials in the port, and one of the leaders of the Constanța branch of the governing Social Democratic Party (PSD). The prosecutors’ accusations […]
The Bucharest Community Foundation has announced funding for two new projects aimed at enhancing climate resilience in the Romanian capital by implementing sustainable ecological solutions to improve urban infrastructure and environmental quality. The projects were selected through the sixth round of the Environmental Platform for Bucharest initiative. Out of 16 eligible proposals, the jury chose […]
One of the hostages released on Saturday, February 22, by the terrorist organization Hamas also holds Romanian citizenship. The exchange took place before another setback in negotiations and exchanges. Hostages Tal Shoham and Avera Mengistu were released during a staged event in Rafah, and hostages Eliya Cohen, Omer Shem Tov, and Omer Wenkert were released […]
Polish company Scallier, who is expanding its network of Funshop Park retail parks in Romania, is set to open a new shopping center in the Arad region. The opening date for the roughly 10,000 sqm retail park is March 6. The decision to build a retail park in the Arad region in western Romania was […]
