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164 new news items in the last 24 hours
30 June 08:50

The Bolojan government is announcing tough measures to reduce the deficit, including job cuts and tax hikes, which could generate public discontent.

Raluca Ioana Draghici
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The new government is preparing for a difficult period, with severe backlash expected from the population due to a 20% cut in public sector jobs and tax hikes, including VAT and excise duties. Romania risks downgrading its country rating if its deficit of 9.3% of GDP is not reduced to 2.8% by 2030, as recommended by the European Commission. The government will reassess investment projects and restrict support programs to boost exports and reduce imports.

Sources

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POLITICO | Guvernul Bolojan riscă un val de nemulțumiri în urma măsurilor pentru combaterea deficitului
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Ziare.com
Ce riscă guvernul Bolojan în efortul de reducere a celui mai mare deficit din UE - analiză Politico

ȘTIRI PE ACELEAȘI SUBIECTE

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Current Affairs
The coalition agreed to eliminate 10% of the positions in central and local administration, which will lead to the layoff of over 13,000 employees.
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Politics
Prime Minister Ilie Bolojan announces that next week the third package of fiscal-budgetary measures will be made public, which targets local and central administration.
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Politics
The coalition leaders agreed on a 10% reduction in employees from local and central public administration, but the final details remain to be established, according to the spokesperson of USR, Cristian Seidler.
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Economy
Prime Minister Bolojan discussed the economic measures and the deficit target of 8.4% for this year, emphasizing the importance of the months of November and December.
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Politics
The leaders of the Coalition agreed on reducing positions in local administration, giving mayors the option to cut salary expenses.
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Economy
Prime Minister Ilie Bolojan stated that austerity measures are necessary to correct Romania's huge budget deficit, resulting from excessive borrowing.
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Ilie Bolojan Romanian Government challenges political tax budget deficit

Informat Diaspora

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Diaspora
4 hours ago

Austria is facing a crisis in the labor market, with an increased number of unemployed, despite the demand for staff in certain sectors.

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Republic of Moldova
6 hours ago

Nick Pietrowicz, American diplomat, stated that the relations between the USA and Moldova are excellent, highlighting the investment of 130 million dollars in the Strășeni–Gutinaș power line.

Sources
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