Romania’s Finances Hit Rock Bottom: Government Prepares New Taxes
Romania seems to have hit rock bottom. Apart from the massive lay-offs prepared in the public sector, Romania’s Government is preparing insane taxes for entrepreneurs...
Tag : Romanian economy
Educated Romania: More Casinos than Pharmacies and Schools Combined
The pharaonic project with which the current President boasts, Educated Romania, has just started. Though announced when Klaus Johannis ran for presidency nine years ago,...
MEP: Romania Has Zero Absorption Rate from 2021-2027 Framework
If one wants to understand how the Romanian state functions, one should look at the way the state accesses and spends the available European funds....
Romania Takes Socialist Measures to Protect Population from Hyperinflation: Food Prices to Be Capped
As soon as the new Government was sworn in, the first socialist measures were about to be introduced. To do so in a capitalist economy...
Too Much Money in the State Account: Romania Could Transfer Energy Profits to Ukraine
Romania is considering the possibility of directing part of the profits of energy companies to the restoration of the energy infrastructure of Ukraine. This is...
EC Spring Economic Forecast for Romania
Growth is set to continue, albeit slower than in 2022, due to persistent inflation, tight financing conditions and low growth in trading partners. This is...
Romania’s Finance Minister Contradicts Prime Minister Ciuca: “There Is NO Hole in the Budget”
Romania’s finance minister Adrian Câciu contradicts Prime Minister Nicolae Ciucă, who admitted there is a hole in the state budget. The minister of European Investments...
Romania’s Government Considers Salary Cuts, Layoffs in Budgetary Sector
Salary cuts or layoffs – these are the solutions considered by the Government. The Minister for European Investments and Projects, Marcel Bolos, presented the information...
Romania’s Industry Undergoes Sharp Contraction
Despite the projected economic growth, Romania’s industry is sharply contracting. As revealed by BNE, Romania’s industry is the worst performer in the CEE region. According...
Romania’s Foreign Debt Exceeds EUR 150 Billion
For the first time in its history, Romania’s foreign debt exceeds EUR 150 Billion. This is over half of the country’s GDP and almost three...
