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Failure on the line: The Ciolacu government brought us to the edge of the economic and political abyss

The year 2024 was marked by economic-financial and socio-political convulsions, which accentuated Romania's vulnerabilities in the face of domestic and international challenges. From the alarming budget deficit to the uncontrolled increase in...

2024 in numbers

• January 1

Second semester in numbers

• July 25

Debt, deficit, political instability: Fitch revises Romania's outlook to negative

The second half of 2024 represented a critical turning point for Romania's economy and political stability. In an attempt to counter the ever-expanding budget deficit and ensure macroeconomic balance, the government implemented a series of...

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...

Călin Georgescu - blocked on the way to Cotroceni

The end of the calendar autumn was marked by the presidential and parliamentary elections that took place on November 24 and December 1. For this reason, in order to increase its chances before the election and to maximize the chances of its own...

Quarter III in numbers

• July 5th

The high temperatures during the summer led to increased energy consumption, and the Government took drastic measures to cover the electricity needs.

The price of electricity is increasing due to the heat wave

The third quarter of 2024 was marked by a series of major challenges for Romania's economy. High summer temperatures have led to increased energy consumption, and the government has taken drastic measures to cover energy needs, including the...

Amnistie fiscală pentru rău-platnici, deficit de aproape 7%

Prima lună de toamnă a adus o serie de provocări economice şi financiare pentru ţara noastră, în special în contextul unui deficit bugetar în creştere, al inflaţiei ridicate şi al volatilităţii preţurilor energetice. Cu toate acestea, guvernul...

Tax amnesty for bad payers, deficit of almost 7%

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 government approved the budget rectification: deficit of 6.94% of GDP and economic growth of 2.8%

• 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,...

Ostrich-camel Ciucă-Ciolacu. (Graphic by MAKE)

A comparison between the government of Ciucă and the government of Ciolacu; common mistakes

The PSD-PNL coalition has given two governments since December 2021, Ciucă and Ciolacu, whose results are similar, with identical governance mistakes, although the leadership was different. Because both the PSD in the August 24 Congress and the...

Marcel Boloş, ministrul Finanţelor, a declarat, în briefingul de presă care a avut loc după şedinţa de ieri: "Este un pachet de măsuri extrem de complex care priveşte mediul de afaceri şi cheltuielile publice ale statului". (Sursa foto: facebook / Marcel Boloş)

Aministie fiscală - ce măsuri a aprobat ieri Guvernul pentru rău-platnici şi cum vor fi recompensaţi contribuabilii corecţi

Companiile şi persoanele fizice care îşi achită debitele principale restante la bugetul de stat până la data de 31 august 2024 vor beneficia de anularea datoriilor accesorii calculate pentru obligaţiile plată, potrivit ordonanţei de urgenţă...

Marcel Boloş, the Minister of Finance, declared, in the press briefing that took place after yesterday's meeting: "It is an extremely complex package of measures that concerns the business environment and public spending of the state". (Photo source: facebook / Marcel Bolos)

Tax amnesty - what measures did the Government approve yesterday for bad payers and how will correct taxpayers be rewarded

Companies and natural persons who pay their outstanding main debts to the state budget by August 31, 2024, will benefit from the cancellation of the ancillary debts calculated for the payment obligations, according to the emergency ordinance...

Correct functioning of prevention mechanisms - essential factor for preventing insolvency

Following the crises that followed from 2019 until now and the over-indebtedness of companies, individuals, but also of states, it is vital that the mechanisms to prevent insolvency or bankruptcy work correctly and an interpretation agreed by all...

FISCAL AMNESTY OR SUPPORTING PRODUCTION? Romanian companies, on the edge of insolvency

Isărescu's term, Halep's victory, the fiscal amnesty, the budget deficit - all of it eclipsed by Caracal

Not only the weather was hot in July, but the economic, social and political matters as well. Even though it began with the validation of Mugur Isărescu for the sixth time at the helm of the NBR, it went on with Simona Halep winning Wimbledon and...

The tax amnesty, dissimulated in the form of a financial restructuring

The Finance Ministry is preparing the tax amnesty for all companies in Romania, for all debts owed to the state budget until December 31st, 2018. The amnesty is dissimulated into a project where the ministry claims it is a financial restructuring...

Isar: "The auditing of the great tax evaders will continue to be avoided"

THE FORMER AND CURRENT GOVERNMENT ARE WAGING A STATEMENT WAR CONCERNING THE STATE BUDGETIsar: "The auditing of the great tax evaders will continue to be avoided"

Reporter: PSD leader Liviu Dragnea says he found a "hole" in the budget of 10 - 14 billion lei, because of the positive rectification of November, and the technocrats are defending themselves claiming that the deficit of 2016 was...