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Prime Minister Marcel Ciolacu declared yesterday, after the meeting with Deputy Prime Minister Tanczos Barna, Minister of Finance, that the budget for the current year will be built with caution, so as to fall within a 7% deficit, according to...

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 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...

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

The year 2025 is shaping up to be difficult for investors on the Bucharest Stock Exchange (BVB), with the major budget deficit of our country, which must be reduced through fiscal measures with a possible impact on companies, the economic...

The Minister of Finance, Tanczos Barna, stated yesterday in an interview with Kossuth Radio, quoted by the Maszol publication, that the Ciolacu government will finalize the first version of the state budget by January 27, without resorting to tax...

Consiliul General al Municipiului Bucureşti a decis, vineri, majorarea cu 10,4% (rata inflaţiei pentru anul 2023) a impozitelor locale şi creşterea altor taxe pentru locuitorii Capitalei. Conform noilor reglementări, mijloacele de transport...

The General Council of the Municipality of Bucharest decided on Friday to increase local taxes by 10.4% (the inflation rate for 2023) and increase other taxes for the residents of the Capital. According to the new regulations, hybrid means of...

Fondul Proprietatea (FP), Sphera Franchise Group (SFG) and Evergent Investments (EVER) are the issuers that Prime Transaction analysts expect to have the highest dividend yields in the BET-BK index next year, according to the attached analysis...

The S&P 500 is up about 27% this year, slightly above its 24% gain in 2023, and if the year were to end at this point, it would be the best performance of the main U.S. stock market basket since 2019, an evolution that was not anticipated by...

Financial markets may be losing patience with Romania's high fiscal deficit, Daniel Dăianu, president of the Fiscal Council, warned, noting that the seven-year deficit reduction plan risks being too slow for some investors, Reuters reports....

The referendum initiated by the general mayor of the capital, Nicuşor Dan, passed both validation conditions, with over 40% of the eligible voters of Bucharest participating in Sunday's vote, i.e. more than 700,000 people, well above the...

Environmentalists are outraged by the conclusions reached after COP29. The environmental organization Greenpeace criticized the new agreement signed in Baku at the UN Climate Change Conference, saying that negotiators gave in to the interests of...

The citizens with the right to vote in Bucharest yesterday expressed, in addition to the option for the position of President of Romania, those regarding the questions in the referendum organized by the General City Hall of the Capital, a...

The citizens of Bucharest with the right to vote are expected at the polls on Sunday, November 24, to express their option, in addition to the presidential elections, and regarding a local referendum initiated by the General Mayor Nicuşor Dan. It...

The tax cuts proposed by incoming U.S. President Donald Trump are set to boost stock prices for years to come, Business Insider reports.

The Batthyaneum Library, home to the most valuable collection of Western medieval manuscripts in Romania, including the Codex Aureus, will be restored with an investment of 16 million euros, announced the Minister of Culture, Raluca Turcan....

Grupul PPC prezintă noile obiective, actualizate şi majorate, din Planul Strategic pentru perioada 2025-2027, cu scopul de a deveni o companie de utilităţi modernă, digitalizată şi sustenabilă din punct de vedere financiar şi ecologic, cu rol de...

PPC a avut o performanţă solidă şi în trimestrul trei, când a continuat tendinţa pozitivă din cele două trimestre anterioare. Investiţiile în proiectele verzi, în cele de distribuţie şi în digitalizare au continuat să crească. Investiţiile totale...

In a context of economic uncertainty and growing political tensions, the Chancellor of Germany, Olaf Scholz, made an unexpected move: the dismissal of the Minister of Finance, Christian Lindner, a decision that means the rupture of the governing...

Following the victory of Donald Trump in the presidential elections in the United States, political leaders in Romania emphasized in their congratulatory messages sent to the future American president the importance of continuing the strategic...

Sick people in our country could lose access to essential medicines such as Paracetamol and Metformin (a basic treatment for diabetes) due to legislative and administrative blockages, generic medicine manufacturers warn. They stress that the...

The 2024 US presidential election is defined by two diametrically opposed visions, represented by Republican candidate Donald Trump and incumbent vice president, Democrat Kamala Harris. Each proposes contrasting solutions to the challenges facing...

The indices of the Bucharest Stock Exchange (BVB) had slight declines in October, ahead of the financial reporting season related to the third quarter, i.e. the first nine months of the year and in anticipation of the elections that are more than...

Tendinţele fiscale la nivel european au fost marcate în ultimii ani de iniţiative menite să simplifice şi să modernizeze sistemele de taxare, promovând un cadru mai echitabil şi transparent pentru contribuabili şi autorităţi fiscale, conform unui...

The share market in our country is going through a period of apathy, which is reflected by reduced trading volumes and by the evolution of prices, which, since the beginning of September, have developed a lateral movement, in contrast to the...

Residents in more and more cities (Barcelona, Rome, Paris, Venice, Prague...) complain that tourism is turning their lives upside down. Authorities have begun to look for solutions. Officials in Venice have announced the extension of the access...

The national economy will register an economic growth between 1.2 and 1.8% at the end of 2024, much lower than the one announced by the Government, of 2.8%, based on the data provided by the National Strategy and Forecasting Commission , said...

The cost of charging an electric vehicle at a public charging station varies between 0 and 5 euros/100 km for most of Europe, with the lowest prices being charged in Iceland (2.9 euros), Portugal (3, 2 euros) and Finland (4.6 euros), according to...

The first month of autumn brought a series of economic and financial challenges for our country, especially in the context of a growing budget deficit, high inflation and volatility of energy prices. However, the Ciolacu government continued to...

The European Commission's proposal to impose anti-dumping duties on imports of battery-powered electric vehicles from China obtained, last week, the necessary support from the EU member states. This represents a new step towards the...

The volatility of electricity prices in Central and Eastern Europe will also be discussed by Eurelectric members, said in a press conference, Corneliu Bodea, the president of the Romanian Energy Center, who requested this from Kristian Ruby, the...

The trade dispute between the European Union and China regarding electric vehicles (EVs) has reached a critical point: the representatives of the member states are to vote on Friday, October 4, in the EU Council, on the imposition of definitive...

Elon Musk could become the world's first trillionaire by 2027, according to a recent report by Informa Connect Academy, cited by visualcapitalist.com. The report shows the projected path for the Tesla CEO and other billionaires to surpass the...

The publication by Transelectrica of the prices regarding the energy balancing market displeased the electricity suppliers, who found that, although they sell a megawatt (MW) for 400 lei, they have to pay a balancing price of 1890 lei/MW. Among...

The generalization of the early booking sales system has led to an increase in the number of reservations made by Romanian tourists for destinations on the Romanian coast, but also for those in Bulgaria, Greece and Turkey, a fact also found in...

• Marcel Ciolacu: "84% of the deficit goes to the investment area" • The Fiscal Council: "Undersized expenses, overestimated revenues, cash budget deficit of 8% at the end of 2024" • With an additional allocation of 5.48 billion lei,...  

The Serious Fraud Office (SFO) and the British judiciary are protecting the illegal businesses of oligarchs from the former Soviet states in Asia who run the company Eurasian Natural Resources Corporation (ENRC), this is the conclusion of an...

The giants in the field of IT and communications, Google and Apple, are forced to pay financial sanctions totaling 15.4 billion euros, for violating European legislation on data storage and for abusing a dominant position in the market.