Mains

Romania’s economy – ranks 16th in EU: We surpassed Greece

  Romania’s economy ranks 16th in the European Union and represents 1.23% of the EU economy, according to the data published by Eurostat for 2017,… Mai mult

OUG on Public Private Partnership – adopted. New things

The Government adopted on Thursday the emergency ordinance on public-private partnership (PPP), which amends previous regulations. The law from 2016 remained inapplicable because “ implementing… Mai mult

“They say what popular vote wants, we say what economy can do”: BNR increases key interest rate

The National Bank of Romania (BNR) surprised a part of the market on Monday with the decision to raise its monetary policy rate to 2.5%… Mai mult

Monthly trade deficit surges again over one billion euro

The trade deficit in March 2018 exceeded again the threshold of EUR 1 billion after the values in the first two months were significantly lower.… Mai mult

Attention, manufacturing industry – ranks last in terms of increases: Record average salary in March. Net 581 euro and 1,157 euro in terms of purchasing power

  The national gross average salary announced by the INS for March 2018 was 4,488 lei, 8.7% higher than in the previous month. Net nominal… Mai mult

Siegfried Muresan / Why Romania does not have to accept measure of cutting the European funds, as proposed by the European Commission

The European Union’s 2021-2027 multiannual budget proposal, presented on Wednesday by the European Commission, should not be accepted in this form by the Romanian Government… Mai mult

European mechanism “Money only for the rule of law”: Commission’s radical initiative to “strengthen correlation between EU funds and rule of law”

The draft 2021-2027 multiannual budget of the European Union is accompanied by a radical Commission’s initiative on “Strengthening the correlation between EU funds and the… Mai mult

36 positions in one year: that is how much Romania lost in terms of tax-accounting system simplification

Businesses in Romania face the 18th world’s highest complexity of the accounting and tax systems. The complexity level of tax and accounting requirements in Romania… Mai mult

Inflation? Some statistics: What fuelled, in fact, price increase in March 2018

More than half of the annual inflation rate in March 2018 (which went up to 4.95%) was the result of commodity and commodity price increases… Mai mult

Increase alarm from National Prognosis Commission: Inflation, exchange rate and current account deficit – revised upwards

In the spring version of the 2018 – 2021 mid-term prognosis, published Friday, the National Prognosis Commission revised upwards the inflation forecast for the end… Mai mult

Employment rate in Romania and EU countries: we are getting close to 2020 target

Romania ranked fourth among the EU member states last year in terms of employment growth, according to data published by Eurostat. With an advance of… Mai mult

Financing Romania: How we got apart from Hungary and Poland in terms of loan costs

September 2016: The market yield of 10-year Romanian government bonds was 2.97%. Very good situation: yield was lower by two-hundredths percent (2 basis points, bps)… Mai mult

Dan Badin / Most ambitious reform of taxing profits in EU with impact on companies and national budgets, under preparations

The buoyant fiscal changes in Romania left almost unnoticed the European debates on profit taxation that are very important for both companies and the public… Mai mult

Fiscal Council – Analysis in a regional context: How pro-cyclical tax policies compromise long-term economic growth

Romania is captive of tax and wage policies that are hostile to long-term sustainable development. One of the most striking arguments is the very large… Mai mult

Conflict between Presidency and PSD-ALDE government on transferring Romanian Embassy in Israel. Liviu Dragnea’s stake

President Klaus Iohannis was not previously informed or consulted on the topic regarding the transfer of Romanian Embassy in Israel to Jerusalem, a press release… Mai mult
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NEWS

List of black payments / Corruption in health sectors: Bribes - 25% of contract value, higher than in other fields

Romania is the European country with the lowest spending in the health sector. However, DNA statistics show that the bribe in this field is higher… Mai mult

Finance Ministry analyses tax codes, article by article, to amend them again

The Tax Code and Fiscal Procedure Code will be amended by the end of this year with a "fair and logical" approach without "populist" initiatives,… Mai mult

Klaus Iohannis - fined by Anti-Discrimination Council with 2,000 RON for using word "offenders"

President Klaus Iohannis was fined with 2,000 RON by the National Council for Combating Discrimination. CNCD President Csaba Astalosz says though he disagrees with the… Mai mult

Multinationals in Romania: home countries and preferred domains

Romanian businesses control only 6.8% of the 78,181 groups of companies in Romania. There have been 78,181 groups of enterprises identified, out of which 5,311… Mai mult

London Stock Exchange opens a Service Centre in Bucharest with 200 employees

The London Stock Exchange Group (LSEG), the operator of London Stock Exchange, announced that it will open a business services centre in Bucharest through the… Mai mult

NATO largest exercise in Black Sea in 2018: More than 2,300 troops from seven countries participate in Sea Shield 18

21 military ships, 10 combat aircraft, and a submarine participate between May 4-11 in Sea Shield 18, the largest NATO exercise organised on the southern… Mai mult

"Emergency constitutional support": President Iohannis sends laws on judiciary to Venice Commission and asks Constitutional Court to wait for the answer

President Klaus Iohannis announced on Wednesday that he is referring to the Constitutional Court of Romania the Parliament's amendments to the three laws on the… Mai mult

IMF revised upwards Romanian economic growth in 2018, from 4.4% to 5.1%

The International Monetary Fund (IMF) has revised upwards the Romanian economy growth forecast for this year, from 4.4% to 5.1%, according to the latest World… Mai mult

Company insolvency, set on an upward trend in 2018, caused losses of RON 9.6 billion in 2017: ONRC statistics

The number of companies and authorized natural persons (PFA) which have declared insolvency increased by 19.31% in the first quarter of 2018 compared to the… Mai mult

Romania officially started negotiations with Mafia on Thursday. Criminal Law based on which there would be no Colectiv, Hexi Pharma, TelDrum, abusive retrocessions files anymore

Proposals to amend the Criminal Code started to be debated on Thursday at the Special Committee on the Laws on the Judiciary headed by former… Mai mult

Prime Minister Netanyahu's personal doctor, appointed as honorary adviser of Viorica Dancila

Herman Berkovits received in May 2014 the Key to the City from Mayor Sorin Oprescu Herman Berkovits, the personal doctor of Israeli Prime Minister Benjamin… Mai mult

Industrial production, up 7% in first two months of 2018, compared to the same period of last year

Industrial production (gross series) was up 7% in the first two months of 2018 compared to the same period in 2017, following the growth in… Mai mult

Deloitte study: Romania vs. EU - Tax rules applied to losses from selling bad loans

Deloitte Romania, at the request of the Romanian Banking Association, conducted a study for analysing the tax treatment of the sale of receivables and the… Mai mult

Transgaz, favourite to take over Greek natural gas transport operator

The US and the EU support Transgaz-Reganosa (Spain) offer to take over the Greek natural gas transport operator DESFA, for geopolitical reasons, the Greek media… Mai mult

Workforce (i)mobility: Unemployed young Romanians are not willing to move to another locality for a job

Romania has one of the highest percentages of young unemployed people who would not leave their hometown to find a job (either in the country… Mai mult