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New "specials" in the budgetary system

According to a draft emergency ordinance currently in decisional transparency on the website of the Ministry of Finance, the Government wants to exempt 32 people from the budgetary system, civil servants, from the stability austerity measures for...

Fourth quarter in numbers

• October 4

Budget Disaster and Political Instability in Romania

The last financial quarter of last year was a time of intense complexity for the Romanian economy, in which political and economic forces faced significant challenges generated by the general elections, the tense geopolitical context and an...

The month of political aberrations

Over 9.4 million citizens who went to the polls on November 24 had their options canceled by the Constitutional Court of Romania, which, after validating the first round of the presidential elections on December 2, reversed its decision on...

Sovereignists, in search of legitimization

Daddy is back! President Donald Trump, the one whom in 2017 the former PSD president, Liviu Dragnea, called daddy, returned to the White House, after taking the oath of office last night, in the Rotunda of the Capitol building, a building that...

Mihai Daraban (center), president of the CCIR: "The business environment's capacity to pay additional taxes has been exhausted."

Business warns: tax tightening leads to economic stagnation

The rigid approach of tightening the fiscal environment is the worst option the Government can take at the moment, said yesterday the participants at the press conference "What are we doing with the Romanian economy?", organized by the...

Business warns: tax tightening leads to economic stagnation

The rigid approach of tightening the fiscal environment is the worst option the Government can take at the moment, said yesterday the participants at the press conference "What are we doing with the Romanian economy?", organized by the...

"The final consumer's bill will be indirectly affected by the introduction of the pillar tax"

Reporter: How did 2024 end for energy suppliers, and what are the prospects for 2025?

Mr. Mircea Coşea pointed out: "The current government will not be able to reach the deficit it is promoting, at least in words. It is almost certain, the way things are going in the middle of this month, that we will not be able to end the year with a deficit of less than 6%, probably between 6 and 7%. Which, in my opinion, is very serious. (...)"

Inconsistency between the budget deficit presented by the Government and that reported by the European Commission

At the end of last year, our country recorded a budget deficit of 6.3% of the Gross Domestic Product, according to the latest consolidated report published yesterday by DG Ecfin, within the European Commission. Given that at the end of January...

"The development of derivative financial instruments markets - an essential element in the maturation of the capital market"

Reporter: What are your objectives in the current term of office as vice president of the Financial Supervisory Authority, responsible for the capital market?

New tax changes are disrupting the business environment

The "train" ordinance, which was on the agenda of yesterday's Government meeting, once again disrupted the business environment, because, in addition to postponing some payments and restructuring the activity of some public...

Marcel Ciolacu: "4.1% of GDP will be allocated to Education next year"

Prime Minister Marcel Ciolacu declared yesterday that the draft budget drawn up for next year foresees a 60% increase in the funds allocated to National Education, which will thus reach 4.1% of the Gross Domestic Product.

Draft GEO: The status of railway staff and the granting of pensions for mayors, postponed until 2025

The government is preparing an ordinance-train that stipulates that starting from January 1, 2024, the payment of special pensions for mayors will be suspended until January 1, 2025 and that law 195/2020 on the status of railway personnel will...

Accusations of losses caused to SIF4 investors, Covid 19 - 3rd wave, nocturnal protests that ignored the restrictions

The approval of the state budget, the third wave of pandemic, new movement restrictions, spontaneous subway strike and protests against government measures are the defining elements of the most tumultuous month since the beginning of 2021 so far....

The war over the budget, or shivering during the cold transition

Drawing up the state budget draft, resuming the school year, in the second semester, with pupils and students physically attending courses, the waiving of free access to railroad transport for students, the protests of the public sector employees...

"We won't sell off our country" has become the law after 30 years

Up until recently, nobody issued any public comments on the Law no. 173/2020 concerning some of the measures for protecting the national economic interests.

"The fiscal revolution" of the PSD is one of an ultra-liberal nature

The government's proposal to transfer the social security contributions exclusively to the employee is not at all a social-democratic measure and not even one of redistribution, rather it is one of an ultra-liberal nature, which leaves the...