Why nazar Is Trending Today?

Romania's 2024 budget includes salary and pension increases, with standard VAT rising from 19% to 21% and food VAT from 9% to 11%. These changes are projected to add 1.23% to the PIB in 2025 and 3.75% in 2026, taking effect from August 1.

Alexandru Nazare, Romania's Minister of Finance, reassured employees and the public that there is no risk of delaying or stopping the payment of pensions and salaries, following protests and media speculation about potential budget cuts. He held meetings with ministry employees to discuss their concerns and working conditions.

Alexandru Nazare, the new Minister of Finance, has been critical of Romania's economic growth, stating that it was primarily driven by debt. He has announced the abolition of certain structures to reduce bureaucracy and costs, and has warned about exceeding budget limits. Despite being a member of the Central Bank's board, Nazare has expressed concerns about the country's reliance on debt and has called for a more honest approach to economic management.