The draft budget for 2025 will be finalized on Thursday, and Saturday it will be approved in the government and next week in the parliament, announced on Wednesday night the minister of finances, Tanczos Barna.‘It is a frugal budget (…). We have the figures and the calculations done. Tomorrow the budget is finalized and we will present the figures exactly (…). The calendar is finalized. On Saturday we adopt the budget in the government. On Saturday it is sent to the parliament, there will follow the period of amendments lodging and next Saturday, surely, the budget is approved in the parliament’ explained Tanczos Barna in a statement sent by TVRInfo.He mentioned that the budget includes money for investments in infrastructure, for salary and pension payments at the level of November 2024. ‘The budget covers highways for 20 million Romanians, the budget includes money for all the Romanians for the rural infrastructure development, we have money to pay the salaries in Education, the ministry of interior affairs, all the ministries needing salaries, at the level of 2024, we have ensured financing for all pensions (…).What I can tell you about the pensions is that the necessary sums for pensions payment are in the budget. All pensions can be sure that pensions, as they were calculated and paid last year in November-December will be paid in 2025 every month’ said the minister of finances, also mentioning that the Ministry of Defence will have a larger budget than the one in 2024. (Photo:https://www.facebook.com/)
Romanians celebrate Saint Nicholas (Sfântul Nicolae) on December 6, a tradition that has grown far beyond its religious roots and signals the official start of the holiday season. The day is especially beloved by children, who eagerly prepare their freshly polished boots in hopes of finding small gifts in the morning. Many Romanians also celebrate […]
The newest episode of Voices of Romania, Romania Insider’s interview series, is now available on Spotify, YouTube, Apple Podcasts, Deezer, and all...
ASFAT, a wholly state-owned company operating under Türkiye’s Ministry of National Defence (MoND), has signed an agreement for the delivery of the light corvette Akhisar to the Romanian Naval Forces. This transaction represents a milestone for Türkiye’s defence industry, as it is the first international sale of a combat ship built in Türkiye to a […]
Wind projects with a total capacity of almost 316 MW have been declared winners in the third auction under the Contracts for Difference (CfD) scheme, above the minimum threshold set by the Ministry of Energy, according to sources quoted by Economica.net. The third auction was organised because of insufficient projects approved under...
Fitch Ratings has affirmed the long-term Issuer Default Rating (IDR) of Romania-based, state-owned bank CEC Bank at BB/stable, its Viability Rating (VR) at bb, and Government Support Rating (GSR) at b, based on the bank's moderate, albeit strengthening, business profile, adequate capitalisation, and reasonable funding and liquidity. This puts the Romanian bank's rating two notches […]
Romania's Ministry of Transport blocked a key procedural step required for the listing of Bucharest Airports Company on the Stock Exchange (BVB) after opposing an item on the shareholders' agenda concerning the resumption of the auditor selection process. The vote took place at the end of November, following a request by Fondul Proprietatea, which holds […]
