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.
Modernization work is ready to start at Bucharest’s Henri Coandă International Airport, also known as the Otopeni Airport, following an investment of over RON 112.4 million (some EUR 22 million) led by the National Company Bucharest Airports (CNAB), news agency Agerpres reported. The company...
Paris Hilton, who will be present at IntenCity Craiova, a festival organized this summer between June 26–29, sent a message to her fans in Romania. "I'm excited to perform at the IntenCity Festival on June 28. It's going to be so much fun! See you there," Paris Hilton told those who will come to Craiova. […]
AMAIS (Association for Alternative Methods of Social Integration) has officially launched the SeeYou mobile app, an innovative platform that connects visually impaired individuals with volunteer guides who can accompany them during everyday activities - from medical appointments or shopping to park strolls or cultural events. SeeYou is the first mobile app of its kind in […]
SAI Broker, a Romanian investment management company part of BRK Financial Group, listed a new ETF on the Regulated Market of the Bucharest Stock Exchange (BVB) on May 16, under the stock symbol BKBETETF. The ETF aims to fully replicate the structure of the main index, BET. The BET index reflects the evolution of the […]
An investment of over RON 1.26 billion, approximately EUR 254 million, is set to be made in the Port of Constanța, to increase maritime transport capacity and the volume of commercial exchanges. The funds will be used for the construction of a quay and the development of a port area covering 550,000 square meters. The […]
The Bucharest Tribunal has approved the National Anticorruption Directorate’s (DNA) request for the preventive detention of Vlad Oprea, the mayor of the popular mountain town of Sinaia, following alleged violations of judicial control restrictions imposed on him in the case in which he faces several charges of corruption, news agency
