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As in the current Simion Plan, the FSDI proposed by Liviu Dragnea and PSD aimed to manage a portfolio of state companies and capitalize on national resources through a fund similar to the Norwegian model. (Photo source: facebook / Liviu Dragnea)

The Sovereign Investment Fund proposed by Dragnea, failed in implementation

Liviu Dragnea and PSD proposed, in February 2017, the establishment of the Sovereign Development and Investment Fund in 2017, the measure being part of the governing program of the social democrats for the period 2016-2020. As in the current...

Rudderless in bad weather

The change of government at the end of the first semester of this year apparently did not bode well for Prime Minister Ciolacu's team, which found itself with a budget deficit that is increasingly difficult to control and manage, with the...

New taxes and fees

The new school year brought us new fees and taxes in the first month of autumn, following the fiscal changes assumed in the Government Parliament to reduce the budget deficit. Threatened by the European Commission with the cut of allocations from...

Dacian Cioloş: "We will support a minority government, if PNL breaks with PSD"

The REPER parliamentarians would support a minority government, if the PNL chooses to break the governing coalition it has with the PSD, declared, at the end of last week, the European deputy Dacian Cioloş, on the official Facebook page. The...

Cătălin Drulă, USR: "Iniţiem depunerea unei moţiuni de cenzură"

Liderul USR, Cătălin Drulă a declarat, ieri, că parlamentarii şi membrii formaţiunii sale politice se vor opune noilor măsuri fiscale care lovesc în economia românească şi că unul dintre demersuri va fi depunerea unei moţiuni de cenzură, pe care...

Cătălin Drulă: "We are initiating the filing of a censure motion"

The leader of the USR, Cătălin Drulă, declared, yesterday, that the parliamentarians and members of his political formation will oppose the new tax measures that hit the Romanian economy and that one of the steps will be the submission of a...

Marcel Ciolacu: "The past few days we had discussions with the World Bank, which is the consultant of the MinistryLabor and the European Commission on the pension law. There are three options. Negotiations have already started in parallel withthe closure of special pensions, let's have it as soon as possible with the pension law".

PNRR revision sent to the Commission, without a maximum limit on pension expenditure

The threshold of 9.4% of GDP in the PNRR regarding pension expenses was removed from the proposal to amend the plan submitted to the European Commission, Prime Minister Marcel Ciolacu announced yesterday.

Tax measures imposed by Brussels: 19% VAT, progressive tax and 20% income tax

Marcel Boloş, the Minister of Finance, claims that the fiscal measures discussed by Prime Minister Marcel Ciolacu with the President of the European Commission, Ursula von der Leyen, in Brussels at the end of last week, must be implemented,...

PSD sliding down, Covid-19 and the deficit on the rise

The aftermath of the political dispute in July made its negative effects fully felt throughout August. Due to the political indecision regarding the quarantine law that tormented the Romanian society in the middle of summer, we faced, last month,...

Fall of the shares of Electrica, after the decision to make a deal with the Proprietatea Fund

It seems the stock market did not take kindly to the approval of the transaction by which "Electrica" acquires the stakes of the Proprietatea Fund in its branches, at least for now, because EL stock dropped abruptly, immediately after the...

It"s not a crisis, it"s a depression

An economic crisis is like a muscle cramp - it comes and goes. It does so quicker or faster, depending on how quick the reaction is.

The state wants to fully privatize the companies in which it holds minority stakes

The Ministry of the Economy, Trade and Business Environment (MECMA) intends to begin a program by which all companies in which the state holds less than 50% "would be privatized immediately", in order to bring revenue to the budget,...