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Roxana Mînzatu - Executive Vice-President for People, Skills and Training, European Commissioner for Professional Skills, Education and Culture, Jobs, Social Rights and Demography. As executive vice-president of the European Commission, Roxana Mînzatu will lead the work on the Union of Competences and the European Pillar of Social Rights.

Premiere: Premiere: Romanian MEP - Vice-President of the European Commission

Roxana Mînzatu, the Ciolacu government's proposal for the position of European Commissioner from Romania, was nominated yesterday by Ursula von der Leyen, the president of the European Commission, as one of the six vice-presidents of the...

Fort was listed on the AeRO Market of the Bucharest Stock Exchange in mid-May, following a capital increase and a private placement through which the company attracted 1.67 million lei.

For shareholders will receive ten free titles for every one they own, next week

The shareholders of the cyber security company Fort (4RT) will receive, in the middle of next week, ten free shares for one owned, according to a report of the issuer published yesterday on the website of the Bucharest Stock Exchange (BVB).

Adrian Negru, Raiffeisen Asset Management: "Long-term, recurring investments in quality companies are the secret of success"

Long-term, recurring investments and quality companies such as those on the Bucharest Stock Exchange represent the secret of successful investments in shares, says Adrian Negru, CEO of Raiffeisen Asset Management.

Deputy Miruţă mentioned that Romanian IT specialists are not only sought after by companies in Israel, but by large firms from all over the world, because they are well trained in the faculties of computers, electronics and informatics in our country.

Radu Miruţă, Deputy: "The government should offer fiscal facilities to software companies that stubbornly pay taxes in Romania"

IT specialists can be kept in our country by offering attractive incomes, even by granting tax facilities, claims deputy Radu Miruţă (USR), secretary of the Commission for Information and Communications Technology (TIC) in the Chamber of...

iHunt Technology - revenue and profit growing, mid-year

Online retailer and manufacturer of mobile phones, gadgets and accessories iHunt Technology (HUNT) reported a net turnover of 20.1 million lei in the first half of the year, up 2% compared to the first six months of last year, while the net...

Negotiations for electricity interconnection between Greece and Cyprus

The energy ministers of Greece and Cyprus discussed yesterday the details regarding the implementation of the Great Sea Interconnector project, through which a submarine cable would be installed regarding the transport of electricity between the...

The evolution of Norway's Sovereign Wealth Fund from its inception to the present day

Norway's Sovereign Investment Fund - an economic and financial success

Norway's Sovereign Investment Fund, formally known as the Global Government Pension Fund, is the world's largest sovereign wealth fund, managing $1.7 trillion in assets at the end of August 2024, according to data on the Bank's...

The Sovereign Investment Fund proposed by the Simion Plan, difficult to implement in the current economic conditions

The creation of a Sovereign Investment Fund in Romania (SIFIR), which would be capitalized from the collection of royalties and taxes for the exploitation of mineral and energy resources, as well as from the dividends of state-owned energy...

Marcel Boloş, the Minister of Finance, declared, in the press briefing that took place after yesterday's meeting: "It is an extremely complex package of measures that concerns the business environment and public spending of the state". (Photo source: facebook / Marcel Bolos)

Tax amnesty - what measures did the Government approve yesterday for bad payers and how will correct taxpayers be rewarded

Companies and natural persons who pay their outstanding main debts to the state budget by August 31, 2024, will benefit from the cancellation of the ancillary debts calculated for the payment obligations, according to the emergency ordinance...

Prime Minister Ciolacu also said that the dialogue with the leaders of the banking sector will be a regular one, because the interest of the Government and the financial-banking system is a common one: growing businesses, more prosperous companies, which lead to sustainable economic growth, in the long term. (Photo spurce: facebook / Marcel Ciolacu)

Ciolacu appeals to banks to finance public investments

Yesterday, Prime Minister Marcel Ciolacu asked the representatives of the banking system in our country to support public investments, as well as the financing schemes launched by the Government to support the private sector, according to a post...

August in numbers

• August 1st

Ciolacu asks the European Commission for permission for a larger deficit

The last month of summer was marked by a series of government decisions that continued to deepen the budget deficit, which - according to the budget execution for the first seven months published by the Ministry of Finance at the end of August -...

USR parliamentarians campaign for zero taxes for the minimum wage on the economy, and for progressive taxation according to certain levels of this income.

Amending the Fiscal Code, on the list of legislative priorities of the new parliamentary session

Amending the Fiscal Code, without introducing new fees and taxes and without increasing the existing ones, amending the single salary law in the budget system in order to fulfill the reform included in the National Recovery and Resilience Plan -...

The budget allocated to the new program to renew the national tractor fleet is 500 million lei. According to the state aid scheme, the support intensity is between 65% and 80%. Young farmers - ie farmers aged up to 40 years - will benefit from a maximum settlement of 80% of the value of the tractor, while the rest of the farmers will get 65% financing.

The "Rabla for tractors" program could be launched by the end of September

The application for the "Rabla for tractors" program should be operational during September, after the guide currently under public debate will be approved, said on Friday, in a press conference, Laurentiu Neculaescu, the president of the...

The balance of the Casa Verde Fotvoltaice program is estimated at 200,000 beneficiaries

The new session for the Green House program, launched at the end of September

The Green Photovoltaic House program is financed with 2 billion lei and the applications will be able to be submitted during this month, said Mircea Fechet, the Minister of the Environment, Water and Forests, during a press conference held on...

The United States - at the top of the ranking of global arms spending

The United States topped the list of countries with the highest military spending in 2023, dedicating $916 billion to the military, according to statista.com.

Constantin Bucuroiu: "In order to ensure the necessary production, we must invest in modern manufacturing lines, which will lead to a qualitative leap regarding the achievements of each company".

Constantin Bucuroiu: "We need a financing of 250 million euros in the defense industry"

The defense industry in our country urgently needs a financing of 250 million euros to retechnology and modernize, claims Constantin Bucuroiu, the president of the Alliance of Trade Unions in the Defense and Aeronautical Industry (ASIAA)....

The conflict in Ukraine and the one in the Middle East forced the states and companies in the defense industry to adapt their strategies and invest massively in the development of new technologies and military capabilities.

The armaments industry - the new attraction for companies and investment funds

• Evolution of the romanian defense industry in the context of the new arms race

The Minister of Education, Ligia Deca, announced that our country will be able to benefit from another 2.2 billion euros for education and professional training, from European funds, through the Education and Employment Operational Program.

European funds of 2.2 billion euros for education

Local education receives a new "injection" with optimism in the form of European funds. The Minister of Education, Ligia Deca, announced that our country will be able to benefit from another 2.2 billion euros for education and...

At the end of July, the net assets of private pension funds in our country were 152.3 billion lei, the average value of the account being almost 17,000 lei. Of the more than 152 billion, only 5.4 billion represented the assets of optional pension funds (Pillar III), while the average value of the account was around 7,000 lei, according to the data available on the website desprepensiiprivate.ro.

What returns did Pillar II funds have in the first seven months of the year?

The nominal returns of the seven Pillar II private pension funds were around 8%, in the first seven months of this year, respectively 14-16% in the period July 2023 - July 2024, performances above those achieved in normal. They are really...

Poland is preparing the construction of its first nuclear power plant

Poland plans to allocate 4.6 billion zlotys ($1.2 billion) in the 2025 budget to begin preparations for the construction of the country's first nuclear power plant, according to Bloomberg.

AVIS România: August, cea mai dinamică lună pentru piaţa de închirieri auto

Luna august s-a dovedit a fi cea mai dinamică lună pentru piaţa de închirieri auto, potrivit AVIS România, un furnizor de soluţii de transport. O creştere a rezervărilor faţă de aceeaşi perioadă a anului trecut evidenţiază un interes tot mai mare...

Marcel Ciolacu: "Payment request number 3 will be approved only partially, due to the non-fulfillment of some benchmarks set out in the PNRR"

The non-fulfillment of the milestones in the PNRR regarding the reduction of the threshold regarding the taxation of micro-enterprises (milestone 206), corporate governance (milestone 207) and the non-completion of the metro in Cluj Napoca will...

Digital skills hub, financed by PNRR

The "Antim Ivireanul" County Library in Râmnicu Vâlcea will benefit from an important investment worth approximately 600,000 lei, financed by the National Recovery and Resilience Plan (PNRR). This amount will be used to set up a digital...

Negocieri la Bruxelles privind reducerea deficitului bugetar şi îndeplinirea reformelor din PNRR

Situaţia deficitului bugetar excesiv pe care îl înregistrează ţara noastră, îndeplinirea condiţiilor pentru aprobarea cererii de plată numărul 3 din Planul Naţional de Redresare şi Rezilienţă, nominalizarea viitorului comisar european român şi...

Negotiations in Brussels regarding the reduction of the budget deficit and the fulfillment of the PNRR reforms

The situation of the excessive budget deficit that our country registers, the fulfillment of the conditions for the approval of payment request number 3 from the National Recovery and Resilience Plan, the nomination of the future Romanian...

Installment shopping is back

The percentage of installment purchases will continue to grow in the next year to around 20%, from over 15% currently, this evolution reflecting a major change in consumer behavior, according to data from a company in the e-commerce industry....

Ciolacu: "I want to go to Cotroceni, but I don't have any program for now"

Prime Minister Marcel Ciolacu does not have a plan, not even one copied from the Simion Plan or inspired by the Kamala Harris Plan, for the development of our country in the coming years, but only now is he trying to bury it by appealing to...

Fiscal Council: "The fiscal-budgetary consolidation process is stringent and inevitable"

The escalation of the budget deficit indicates structural problems, which can only be remedied through urgent fiscal reforms that lead to budgetary consolidation, the Fiscal Council states in the report for the year 2023, published yesterday, a...

Germany tightens the tap on military aid to Ukraine

The current Ukrainian offensive in the Kursk area, to create a buffer zone according to President Volodymyr Zelensky, risks running out of military support at some point, as the government in Berlin has halved Germany's contribution to the...

A comparison between George Simion's program and Kamala Harris' program; what AUR wanted in the beginning and what it wants now - differences and adaptations

After the American vice president Kamala Harris presented at the end of last week her economic program as a candidate for the position of the president of the USA, we wonder if what is called the Simion Plan still looks like a utopia - as...

The BVB Board did not inform the shareholders, at the balance sheet meeting, about the impasse of the Central Counterparty; What does Radu Hanga say?

The Board of Directors of the Bucharest Stock Exchange (BVB) did not inform the shareholders, at the balance sheet meeting, about the impasse in which the Central Counterparty project was, although, until that moment, it had been notified about...