The government has allocated RON 13.6 billion from the Budget Reserve Fund for education, health care, social assistance benefits and pensions, Finance Minister Marcel Bolos announced on Thursday, noting that this mechanism will be used until the end of the year for the appropriate control of state budget spending."The government has allocated RON 13.6 billion from the Budget Reserve Fund for important activities such as education, health care or social assistance benefits, including the funds necessary for the disbursement of pensions. The Budget Reserve Fund mechanism was adopted as we pursue a year-end budget deficit target of 4.4 percent of GDP, as set forth in the Convergence Program, and this is an extremely serious commitment undertaken towards the European Commission. Under these circumstances, the control over state budget expenditures must be an appropriate one, attaching utmost priority to the state's operating expenses, but also to the completion of investment projects with EU funding," Bolos said at the Victoria Palace of Government after the meeting of the Executive.He explained that through the Cohesion Policy for the 2014 - 2020 programming period, Romania must absorb an EUR 24 billion allocation until December 31, 2023."That's why these types of investments are the priority in financing and implementing projects," the minister emphasized.According to Marcel Bolos, Ordinance No. 90 of 2023 was approved exactly in order to ensure a correct management of state budget allocations, its purpose being to ensure priority funding for EU-funded investment projects, as well as for those financed under the National Recovery and Resilience Plan."As such, we will use the Budget Reserve Fund mechanism until the end of the year and we will try to ensure full financing for these priority investment projects for Romania," the Finance minister said.
Bucharest Stock Exchange (BVB) will announce the 15 finalist companies participating in the BVB Arena 2025 at its annual Awards Gala taking place this evening (Thursday, September 25) at 7:30 PM. The event aims to honor the remarkable achievements and contributions of the 15 finalist companies and inspire others in the industry to strive for […]
This year, the White Night of Galleries (NAG) will take place between October 3 and 5 in Bucharest and 16 other cities across the country. The 19th edition of the event will include, in total, over 200 projects in galleries, alternative spaces, creative hubs, and creative workshops in Bucharest, Alba Iulia, Arad, Brașov, Cluj-Napoca, Craiova, […]
The Supreme Council of National Defence (CSAT) has approved new procedures allowing mission commanders to order the downing of drones and military aircraft that violate Romania’s airspace, in line with NATO protocols, defense minister Ionuț Moșteanu said, as quoted by Biziday.ro. Speaking after the council meeting on Thursday, September 25, Moșteanu stated that the chain […]
Europe remains the favorite destination for Romanian students, with 60% of applications directed to European universities in 2025, according to a study by educational consultant Upgrade Education. The figure pertains only to scholarships handled by the company, but indicates the existing trend. Countries such as the Netherlands, Spain, and Italy are attracting more and more […]
More than half of Romanians (57.1%) currently own pets, according to the Informat barometer from INSCOP Research, published on Thursday, September 25. Among those who have pets, 35.2% report having one, 23.7% two, 12.9% three, and 28.2% more than three. Pet-lovers are even among the 43% who currently have no...
Acknowledged this year as the most influential global CX expert, Gabriela Ciupitu announces the launch of PXcellence (Patient Experience Excellence), a program designed for healthcare organizations that transforms patient experience into a strategic asset and a measurable performance indicator. The program was developed together with Ana Maria Andreescu and Angela Călianu, specialists in strategy, organizational […]
