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Ciolacu: Adopting so-called 'little train' ordinance today, lowering budget deficit to 7 pct in 2025
Friday, January 3, 2025
The Government adopted in last Monday's meeting the ordinance on some fiscal-budgetary measures, dubbed the 'little train' ordinance [name given to emergency ordinances adopted by the Romanian Government, that include legislative amendments with financial and economic impact and are adopted at the end of the calendar year, to be implemented the following year, editor's note], announces prime minister Marcel Ciolacu.He recalled that Romania has ...
Minister of Finance: Tax on special constructions will be 1%
Friday, January 3, 2025
The government decided in Monday's meeting that the tax for special constructions (the "pole tax") should be reduced from 1.5%, as was originally provided for in the "Train Ordinance", to 1%, and the rules for implementing this measure will be developed within 90 days, the Minister of Finance, Tanczos Barna, informed during the Government meeting."The emergency ordinance provides for the introduction of a new tax, the tax for special ...
AmCham Romania expresses concern over fiscal measures announced by Government
Friday, January 3, 2025
The American Chamber of Commerce in Romania (AmCham Romania) expresses its concern over the fiscal measures announced by the Government, but also about the immediate deadline for their implementation, January 1, 2025, which puts the business environment in a difficult situation and further affects economic predictability and investor confidence."Over the past five years, AmCham has systematically signaled the depreciation of macroeconomic ...
CNIPMMR calls on Government to eliminate measures with impact on business environment from draft emergency ordinance
Friday, January 3, 2025
The National Council of Small and Medium-Sized Private Enterprises in Romania (CNIPMMR) calls on the Government to eliminate from the draft Emergency Ordinance all measures that have an impact on the business environment, including the reduction of the threshold for micro-enterprises, the increase in the tax on dividends and the elimination of tax breaks in certain areas, CNIPMMR announced on Monday in a press release."We understand the need to ...
Moldova to import electricity from Romania, Ukraine as Russia halts gas supply
Friday, January 3, 2025
Moldova's state-owned energy company Energocom will import electricity from Romania and Ukraine to cover the shortfall caused by Russia's halt of gas supplies, NewsMaker media outlet reported on Jan. 1,quoted by https://kyivindependent.com/. Russia's state-owned energy giant Gazprom suspended gas supplies to Moldova on Jan. 1, allegedly because of the debt of ...
Wishing you a Happy Holiday season from the team at ACTMedia News Agency!
Tuesday, December 24, 2024
The next ACTmedia issue will appear on Friday, January 3, ...
New Ciolacu Gov't members sworn in at Cotroceni Presidential Palace Monday evening
Tuesday, December 24, 2024
The ministers of the Ciolacu Cabinet were sworn in on Monday evening before of President Klaus Iohannis, during a ceremony held at the Cotroceni Presidential Palace. The senators and deputies gave their vote of confidence to the Government led by Marcel Ciolacu, on Monday, in a joint session.240 votes "for" and 143 votes "against" were registered, announced PSD deputy Daniel Suciu, who presented the minutes on the result of the ...
Objectives from governing program of future coalition executive
Tuesday, December 24, 2024
President Klaus Iohannis signed, on Monday, the decree regarding the appointment of Marcel Ciolacu as a candidate for the position of prime minister, in order to request the Parliament's vote of confidence on the program and the list of the new Government. PSD President Marcel Ciolacu, designated for the position of Prime Minister, declared on Monday that the rapid organization of the presidential ...
AUR asks CCR to declare vacancy of post of President of Romania and order elections to be resumed
Tuesday, December 24, 2024
The Alliance for the Union of Romanians (AUR - opposition) notified the Constitutional Court (CCR) regarding the declaration of the vacancy of the office of the President of Romania, with the de jure termination of the mandate of Klaus Iohannis, and the resumption of the presidential elections with the second round.According to a press release from the AUR sent on Monday, Iohannis is definitively unable to exercise the duties of president of ...
Ursula von der Leyen's message to mark 35 years since the Romanian Revolution
Tuesday, December 24, 2024
The president of the European Commission (EC), Ursula von der Leyen, sent on Sunday on the network X a message on the occasion of 35 years since the Romanian Revolution.‘35 years ago, the Romanians stood up for the right to choose their own destiny. Many gave their lives so that their children could be free and live in democracy’ the EC president wrote on X. Ursula von der Leyen closed her message ...
RON appreciated, on Monday, in relation to main currencies
Tuesday, December 24, 2024
The national currency appreciated, on Monday, in relation to the euro, which was calculated by the National Bank of Romania (BNR) at 4.9759 RON, down by 0.05 RON (-0.01%) compared to the previous quotation, of 4.9764 RON.Also, the RON gained ground against the US dollar, which was quoted at 4.7871 RON, down by 0.37 bani (-0.08), compared to Friday, when it stood at 4.7908 RON.The national currency also appreciated in relation to the Swiss franc, ...
Bucharest Stock Exchange closes higher Monday's session
Tuesday, December 24, 2024
The Bucharest Stock Exchange closed Monday's session higher on almost all indices, and the total value of transactions amounted to 132.76 million lei (26.68 million euros).The main index of the Bucharest Stock Exchange, BET, which includes the 20 most traded companies listed on the Regulated Market, appreciated by 0.77%, up to 16,857.73 points.The BET-Plus index, which shows the evolution of the 43 most liquid stocks, closed up by 0.74% and the ...
The National Forecast Commission has significantly revised down its forecast for this year's economic growth to 1%
Tuesday, December 24, 2024
The National Commission for Strategy and Prognosis (CNSP) modified downwards significantly at 1% from 2.8% previously, the estimate for economic growth for this year, due to an accelerated decline of the activity, especially in industry and agriculture.On the supply side, the economy's growth was also affected this year by the modest results in construction (-0.4% compared to 4.8% in the summer forecast), ...
NextGenerationEU reaches €300 billion in RRF payments with new disbursements to Czechia, Germany, Italy, Portugal, and Romania
Tuesday, December 24, 2024
The Commission disbursed payments under the Recovery and Resilience Facility (RRF) to Czechia, Germany, Italy, Portugal and Romania, totalling €26.8 billion in loans and grants. The total disbursed under the RRF has now reached over €300 billion. This important milestone reflect the scale of the transformative reforms and investments ...
Study: Most Romanians use savings to prepare Christmar gift budgets
Tuesday, December 24, 2024
Most Romanians use their savings to prepare budgets for Christmad presents (53%), according to the study Revolut and Dynata, according to a bank press release. Both men and women had almost similar answers (53% vs 52%) about intentions of using budgets for holiday presents. Only 32% of respondents to the Revolut study said they use only funds from bank accounts to purchase hiliday presents, without ...
President Iohannis: There are premises that we will have a new government very soon
Monday, December 23, 2024
President Klaus Iohannis on Sunday, after consultations with parliamentary parties, said that it is possible for a pro-European coalition government to be formed "very soon.""The pro-European coalition formed by PSD - PNL - UDMR [Social Democratic Party, National Liberal Party, Democratic Union of Hungarians in Romania] and minorities came together with all the leaders, they requested the four leaders come together, and they informed me that ...
Senate and Chamber electing presidents on Monday
Monday, December 23, 2024
The two chambers of the Legislature, the Senate and the Chamber of Deputies, will elect their presidents on Monday morning, after the lawmakers took their oath of office last weekend and the standing committees were established.The sessions will begin at 9:00 AM, and the vote will be secret.On Friday, Saturday, and Sunday, the mandates of the elected officials were validated, senators and deputies took their oaths, and the ...
US delegation to NATO Parliamentary Assembly concerned about the electoral process in Romania
Monday, December 23, 2024
The US delegation to NATO Parliamentary Assembly appreciated on Friday in a press release ‘Romania’s role as firm ally of NATO and full-fledged member of the EU’ and in this context they expressed their concern in connetion to the ‘Russian efforts to undermine and influence the electoral process’ in our country."It is the prerogative of the Romanian people to choose their ...
Viktor Orban: As energy cooperation with Ukraine is blocked, cooperation with Romania becomes more important
Monday, December 23, 2024
The Prime Minister of Hungary, Viktor Orban, was received on Friday at the Victoria Palace by Prime Minister Marcel Ciolacu, with the leader of the Hungarian Democratic Union of Romania (UDMR), Kelemen Hunor, also attending the ceremony. The Prime Minister Viktor Orban stated that his country managed to buy 1.75 billion cubic meters of gas last year through Romania ...
Prime Minister of Portugal - on working visit to Romania, to Caracal Garrison
Monday, December 23, 2024
The prime minister of Portugal, Luis Montenegro, accompanied by representatives of the Romanian National Defense Ministry (MApN), paid a working visit to Romania on Friday, at the Caracal Garrison, Olt County, where Portuguese troops are deployed.According to an MApN press release, the Chief of Defense Staff, General Gheorghita Vlad, met with Portuguese officials to discuss key issues regarding the security situation, bilateral defense ...