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.
Deloitte Romania assisted AQUILA, leader in the integrated distribution and logistics services for the fast-moving consumer goods market in Romania and the Republic of Moldova, in the acquisition of Romtec Europa, the company that produces car care fluids and aerosols. The transaction, valued at 3.2 million euros, was signed in December 2023 and completed recently, following approval from […]
CBRE Romania, the leader in providing commercial real estate services, launches an analysis regarding the business potential and alternative investment and development opportunities in Timiș County. According to the analysis, Timiș stands out as a vital centre of Romanian agriculture, ranking first in agricultural area with 693.034 hectares and second in organically cultivated land area. […]
By the end of 2024 the stock of modern retail spaces will overpass 4.5 mln. sq. m setting a new record for Romania. Circa 186,000 sq. m could be added to country’s modern retail stock if taking into consideration under-construction projects. The popularity of the specialized format is noticed in the forecasted developments, claiming 95% […]
The average office fit-out costs have increased by around 15-20% during the past 12 months, but they still remain among the lowest in the Central and Eastern Europe (CEE), according to data from the Cushman & Wakefield Echinox real estate consultancy company. With an average level of €943 per sq. m of office space, the […]
Romania is present at the 10th edition of the EU-Startups Summit in Malta, the biggest event for tech startups in Europe, through RoTechMission, a delegation organized by DiFine PR, Techcelerator and ROTSA (Romanian Tech Startups Association). More than 2,000 people, including 1,000 entrepreneurs and 300 investors, will attend the event, which takes place from May […]
AeroVacanțe, part of the Aerotravel group, is betting in 2024 on new destinations, more accessible for Romanians, as a result of the growing demand for holidays in new destinations untouched by mass tourism. Thus, the agency introduces for this summer 14 charter flights to Lesbos, the third largest island in Greece, where the costs of […]
