The state budget for next year is built on an economic growth of 3.4pct, an average annual inflation of 6pct and a deficit of 5pct of GDP, according to the Fiscal - Budgetary Strategy 2024 - 2026 published on Wednesday."Internal demand will be the main element through the investment component represented by the gross formation of fixed capital (+6.5pct), the effect of the development of some important public and private investment projects, simultaneously with an increase in final consumption, slightly below that of the product gross domestic product, respectively 3.3pct. On the supply side, construction will continue to be the most dynamic sector with an increase in VAB (Vertical Assembly Building) of 7.1pct, based mainly on the attraction and efficient use of European funds. The tertiary sector will have in turn, a positive contribution to the economic advance with an increase of 3.5pct. For the industry, a modest increase of the gross added value was foreseen, respectively of 1.2pct, in the conditions of maintaining an uncertain geopolitical context," the document states.The Gross Domestic Product is estimated at 1,733 billion RON at current prices, and the budget deficit at 5pct of GDP, under the conditions of revenues of over 586 billion RON and expenses of 673 billion RON. The share of total expenses in GDP is estimated at 38.8pct, and that of revenues at 33.8pct of GDP.The total number of unemployed is estimated at 215,000 people and the average net salary at 4,733 RON.
The SIGNAL IDUNA companies concluded 2024 with a total gross written premium volume of approximately RON 424 million, marking an aggregated growth of 16% compared to the previous year. These financial results reflect the consolidation of a sustainable development strategy, supported by portfolio expansion, digitalization, the launch of new solutions for both individual and corporate […]
Kantar Romania launched, during an event dedicated to their clients, "The Trust Factor – Building Brands That Endure Uncertainty", the top 20 brands that manage to inspire the greatest confidence among the Romanian consumers, based on the analysis of 162 brands from 12 sectors*. In a period marked by uncertainty and skepticism, trust becomes the […]
Balancing career success with personal growth is a challenge many professionals face today. As the pressure to achieve and perform increases, many begin to crave more than just success: they want clarity, alignment, and a deeper sense of purpose. For Lin Holmquist, business coach and one of Europe’s most acclaimed experts in Tantra, Yoga, and […]
CFR Călători, the state-owned railway company for passengers, announced that the first train entirely made up of rolling stock modernized with funds from the EU-backed Recovery and Resilience Fund (PNRR) was introduced on the Bucharest North – Constanța route. The train, which is already running, consists of a locomotive delivered by the Softronic factory in […]
The first edition of Urban Habits (nUH), a festival aiming to be “a space for ideas, debates, co-creation, and experimentation,” takes place between April 26 and April 27 at Lokal and on Erou Ion Călin Street, which will be temporarily transformed into a pedestrian space. The program will address themes ranging from innovation, design, and […]
Mall Moldova, the largest shopping center in the Moldova region, officially opened on April 17 in Iași, covering 110,000 sqm. Developed by Prime Kapital, in partnership with MAS P.L.C., Mall Moldova is part of a large-scale investment plan carried out by the two investors in Iași, worth approximately half a billion euros, which also includes […]
