Minister of finance, Eugen Teodorovici, confirmed speaker at BR’s Country Focus Community Forum

Newsroom 30/05/2018 | 16:02

The minister of finance, Eugen Teodorovici, is a confirmed speaker at the second edition of Country Focus Community Forum, the 2-day event organized by Business Review on June 5-6 in Bucharest.

He will join the opening panel of the event that maps Romania’s outlook from a macroeconomic perspective and outlines the development plans of authorities.

The second Country Focus Community Forum will bring together Romania’s main foreign investment communities and policymakers in a bid to map the country’s future strategic economic development.

Teodorovici has recently announced a raft of changes to the public acquisitions framework. For instance, the Court of Accounts will check the way in which the public acquisition contracts have been approved.

In addition, the government wants to change the law so that in the case contract, the acquisitions procedure for part of a work that is challenged in court will not be resumed. He said there are emergency situations when swift intervention is required.

The minister also stated at the end of May that the Romanian authorities are not encountering any problems when it comes to the payment of pensions and salaries. Moreover, pensions will increase by 10 percent from July 1.

“There may be fluctuations when in the VAT area, in the excise area, in different areas, but this year overall we will be the way we committed ourselves to be on the revenues plan and not only,” said the minister.