EY barometer: Business community is more concerned about growth model and public policies than bureaucracy

Entrepreneurs and leaders of Romanian private companies are distrustful about the consumption-based economic growth model because it does not offer but a short-term perspective, according… Mai mult

Regional GDP / Good news: with over EUR40,000 / inhabitant, Bucharest surpasses Madrid, Berlin and Rome. Bad news: result of internal imbalances

According to data published by Eurostat, the living standard in the Bucharest-Ilfov region was 139% of the EU average in 2016, according to GDP per… Mai mult

A table: Structure of Romania’s government expenditure within European context

According to the Eurostat data, in 2016 Romania ranked last but two among the EU states both in terms of share of GDP allocated to… Mai mult

January 2018: Advance of purchasing power melted by the minute. REAL wage increases by sectors

The national gross average wage announced by the INS for January 2018 was 4,143 lei, a value that cannot be compared with the previous month… Mai mult

How Romania wants to shift to circular economy without recycling

Since the beginning of this year, three bags have appeared at the refuse disposal chute of the apartment block where I live. One black, another… Mai mult

How much labour cost has increased in 2017: “Ox under a plough” – at 90% of national average

Hourly labour costs had increased by 14.29% in the fourth quarter of last year, in gross terms, compared to the same period in 2016, according… Mai mult

Economy is growing, payment receipts from profits are decreasing: 2018 budget implementation starts on surplus: but much lower than last year. Why

The consolidated general budget ended the first month of 2018 with a surplus of 0.21% of the estimated GDP for the current year, according to… Mai mult

Romanians change emigration destinations: and more and more people over 45 are leaving. UK exceeds Italy and Spain

Despite the Brexit, the UK has strengthened in 2016 its position as a preferred country for Romanians who go to work abroad, according to the… Mai mult

World Bank – officially: No progress in six months in reforming ANAF – discussions over closing the project

Romania, probably the only country in the world where the reform of the tax authority is required only by business community and citizens Considering that… Mai mult

Beware of foreign debt! Romania will pay over RON 10 billion in 2018 only for interest and related fees

Romania will pay more than RON 10 billion in 2018 only for interest and fees on foreign debt, according to the Ministry of Finance’s forecast… Mai mult

For March 8: Romania, European champion of gender equality. Really?

On the occasion of the International Women’s Day, Eurostat gave us a news that puts us in a very positive light at the level of… Mai mult

GDP is growing, country is getting empty: Number of Romanians who take a citizenship in another EU country or emigrate definitively gets back to level registered before crisis

The latest official data close to reality shows that on January 1, 2016, there were almost three million Romanians who were residents in another member… Mai mult

Relative prices in Romania compared to EU countries: first estimates for 2018

  When publishing the data on wage levels and purchasing power in the EU member states, Eurostat also implicitly offered the first estimates of the… Mai mult

Shareholder Government will go beyond its plan for 2018 revenues from company dividends: 3.5 billion

The season of dividends starts also in 2018 strongly stimulated by the government memorandum that forces state-owned companies to allocate “at least” 90% of their… Mai mult

The only state with all contributions charged to employees: Purchasing power of minimum gross wage leaves 10 states behind

Following the systematic increases in recent years and the transfer of contributions from the employer to the employee, Romania has surpassed Lithuania in terms of… Mai mult


Five priorities of the Coalition for the Development of Romania presented to Dancila government

Representatives of the Coalition for the Development of Romania (CDR), an initiative of the Romanian business community coordinated since the beginning of this year by… Mai mult

Romania to host regional centre for endowment of Black Hawk helicopters for Central Europe

Romaero and American company Sikorsky, part of the Lockheed Martin group, have signed an industrial partnership agreement that will lead to the establishment of a… Mai mult

State-owned companies forced to participate in public tenders

The Government approved on Thursday a memorandum that includes a series of measures targeting publicly owned or controlled companies. Basically, the document forces the state-owned… Mai mult

Country Report - European Semester: Romania risks a tough economy landing at change of cycle, because of growth model

"In the absence of structural reforms and fiscal consolidation, Romania's strong economic growth risks creating the conditions of a tough landing," in case of a… Mai mult

Governance and Congress: Prime Minister Dancila appointed PSD Vaslui and Neamt leaders’ sons as state secretaries

Prime Minister Viorica Dancila, who is aspiring to the position of PSD executive president, promoted the sons of PSD Vaslui and Neamt presidents to government… Mai mult

Italians from Fincantieri made an offer for Mangalia Shipyard: Conditions in which they would buy 49%

The Italian group Fincantieri sent the Romanian Government an operational management offer for Mangalia Shipyard. The offer also includes the option to acquire a 49%… Mai mult

Monopoly on natural gas market in Romania: Interests supported by deputy Iulian Iancu push Romania to an open conflict with European Commission

The European Commission will sue Romania at the European Court of Justice if the Parliament in Bucharest adopts the amendments to the Emergency Ordinance 64/2016… Mai mult

AHK ”Cities of Tomorrow” – A broad view of things yet to do in Romania

As one of the first speakers, His Excellency, Ambassador Cord Meier-Klodt of the Federal Republic of Germany, while recalling the city of Munich winning a… Mai mult

Frans Timmermans in Bucharest: Stop attacking the judiciary, there is nothing wrong with it. Politicians and governors should let judiciary carry out investigations

First Vice-President of the European Commission, Frans Timmermans (photo), announced Thursday in Bucharest that he has established a direct communication line with the Parliament and… Mai mult

"Whole Romania is taking an intensive course in Law, taught by people who have interests in solving their own cases and have never graduated Law"

The President of the Supreme Court, Cristina Tarcea, said on Wednesday at the presentation of DNA’s activity report that she would like the recent attacks… Mai mult

Senate committees have approved a ceiling on interest rates on loans

The Senate committees on budget, economic and legal matters issued an admission report with amendments to the legislative proposal that amends OG 13/2011 so that… Mai mult

ANRM: OMV Petrom and ExxonMobil will increase by over 50% Romania’s production, with natural gas from Black Sea

ExxonMobil and OMV Petrom will extract 6 billion cubic meters of natural gas per year from the Neptune block in the Black Sea. Romania will… Mai mult

Justice Minister initiates procedure for dismissing Laura Kovesi. Investigation on Ordinance 13 and Belina File - among official reasons

Justice Minister Tudorel Toader announced on Thursday evening the initiation of the procedure because of "intolerable deeds in a state based on the rule of… Mai mult

A new amendment to the Tax Code: PFAs are first targeted

The Minister of Finance wants to increase the taxation of income for PFAs (self-employed person), which is now capped at the national minimum wage level.… Mai mult

"SOS" letters sent by business community to state institutions: Reform ANAF!

The member organizations of the Coalition for Romania's Development (CDR) urge the Government that the reform of ANAF should become one of the "top" priorities… Mai mult