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.
The entrepreneur George Iacobescu, who had a major role in building London’s financial district, was decorated by interim president Ilie Bolojan with the National Order "Star of Romania" in the rank of Grand Officer. The Romanian Presidency said that the medal is for the exceptional services rendered to the Romanian state through the constant promotion […]
Documentary Mondays and Fiction Tuesdays, the established programs of the Czech Center in Bucharest, are set for new editions between May 19 and June 10, every Monday and Tuesday. The Bucharest public can attend eight screenings of contemporary and classic European cinema, with free admission. Documentary Mondays, the Czech Center’s longest-running film program, will present […]
The 16th edition of the Namaste India festival will take place in 2025 not only in Bucharest but also for the first time in Cluj-Napoca. The event is scheduled for June 14-15 at Bucharest’s “D. Brandza” Botanical Garden and July 5-6 at Iulius Parc in Cluj. Over two days in each city, attendees can enjoy […]
A growing number of Romanian employees are facing emotional difficulties, with 63.6% reporting they are currently going through a challenging period, according to the latest survey conducted by the online recruitment platform eJobs. The leading cause, cited by 22.2% of respondents, is insufficient income to cover their daily expenses. Other factors include personal problems (14.5%) […]
Romania carried out a medical evacuation mission to assist Palestinian civilians from the Gaza Strip, continuing its humanitarian support amid the ongoing crisis. A C-27J Spartan aircraft operated by the Romanian Air Force transported 12 severely ill Palestinian patients, along with 21 accompanying family members, to Romania for medical care. The aircraft departed from Otopeni […]
Bucharest mayor and independent presidential candidate Nicușor Dan is ahead of George Simion, the leader of far-right party AUR, in voting intentions, according to a poll presented on Thursday, May 15, by the independent public opinion polling institute IRSOP. This is the first time that the former takes the lead in the race for president. […]
