The 7%-of-GDP public deficit target is "extremely restrictive," but the Finance Ministry will do its best to avoid VAT and income tax hikes this year, the Minister of Finance Tanczos Barna said on December 30, speaking of the 2025 budget planning.
This year's budget could be approved by the end of January if things go according to plan, he added, stressing that the budget planning must be credible as Romania "can no longer afford slippage."
Under the Excessive Deficit...
eLog, a Balkan-based provider of reusable transport packaging systems for the retail sector, has entered the Romanian market by leasing 4,000 sqm of warehouse and office space at CTPark Bucharest North. The facility, developed by CTP, will serve as eLog’s first operational hub in Romania, supporting its expansion into local retail logistics. Specializing in Retail […]
More than three-quarters of Romanians (76%) see Artificial Intelligence as an opportunity for the economy and society, although half of them also acknowledge its risks, according to a new RoCoach and Novel Research study. Overall, over one-third of respondents (35.7%) believe that AI will primarily lead to job losses, even if new types of roles […]
Prosecutors with Romania's General Prosecutor's Office have formally changed the legal status of former presidential candidate Călin Georgescu from suspect to defendant, judicial sources told Agerpres on Friday, June 27. The decision comes after Georgescu quoted Corneliu Zelea Codreanu, the leader of...
A motion of censure against the European Commission led by Ursula von der Leyen was submitted on Thursday, June 26, by far-right member of the European Parliament Gheorghe Piperea, part of the Alliance for the Union of Romanians (AUR), the party announced. Piperea, along with the other AUR deputies in the European Parliament, is part […]
FlixBus, the travel-tech company operating Europe's largest intercity coach network, announced the launch of its first domestic routes in Romania. Operated in partnership with local carriers, the 10 new intercounty lines will connect over 50 cities, the company said. FlixBus's domestic network includes major routes such as Bucharest–Iași, Constanța–Timișoara, and connections to cities like Satu […]
Romanian president Nicușor Dan has called a meeting of the Supreme Council of National Defense (CSAT) to be held on Monday, June 30, at the Cotroceni Palace. The agenda will cover several key issues, including the current state and outlook of the war in Ukraine and its implications for Romania, cybersecurity, and tax evasion. The […]
