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 service center for the banking Societe Generale Group, the Societe Generale Global Solution Centre, announced the appointment of Laurent Mirjol as Chief Executive Officer, effective June 1, 2025. The new CEO will oversee the activities and develop the strategy of Societe Generale Global Solution Centre Romania. With over 20 years of experience in the […]
During a press conference held on Monday, July 14, Romanian president Nicușor Dan defended the recent tax hikes enacted by the government, underlining the need to reassure creditors and lower the country’s public debt. Nevertheless, he said that the VAT increase was decided by the government. In the presidential campaign, then-candidate Nicușor Dan promised to
The famous Pompidou Center in Paris will organize a retrospective of the complete works of Romanian director Radu Jude between September 23 and October 11. The retrospective brings together films made over twenty years by the prolific Romanian director. The event will open and close with two of the most recent films, namely “Kontinental 25” […]
Romanian president Nicușor Dan presented the expenses incurred in the electoral campaign and who the main donors were during a press conference on Monday, July 14. Over the first and second rounds of the presidential elections, Dan's campaign spent over RON 60 million (EUR 12 million), and the biggest individual donors were Măriuca and Florin...
Haleon, a global leader in consumer health, has appointed Wael Kaskas as General Manager for its Hungary, Romania, Czechia, and Slovakia cluster. With a strong background in FMCG, consumer healthcare, and supermarket retail, Kaskas brings extensive experience in managing billion-dollar portfolios and leading business transformations, the company said. Before this role, Kaskas was responsible for […]
Vadoo Fest returns on August 21–24 to the meadows of Vadu Oii, Buzău County, with a new edition that invites participants to slow down and reconnect. Now in its seventh year, the festival promises a special experience rooted in nature, music, and human connection. This year’s line-up blends depth and groove, featuring Grammy-winner Judith Hill, […]
