Mains

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

What Romania exported and imported in 2017. Some observations

According to INS data, last year, the automotive industry was the driver of Romanian exports, with about EUR 9.6 billion, of a total of EUR… Mai mult

Real salary goes “down to Earth”. Health and education are still Cinderella

The average gross salary earning announced by the INS for February 2018 was 4,128 lei, 0.4% lower than in the previous month. Paradoxically, the net… Mai mult

EU tax harmonization plan may have negative effects on Romania. Bucharest – totally unprepared

European authorities are taking increasingly decisive steps towards tax harmonization of the 27 systems remained in the EU, but the new measures may have negative… Mai mult

Beware of who bears the burden: Atypical arrangement of wage cost increase in Romania in 2017

Romania ranked first in the EU in 2017 by the labour cost increase, according to data published by Eurostat. With an increase of +15% in… Mai mult

A ruthless table: Number of Romanians who obtain citizenships in other EU countries is growing more than those who run away from dictatorships

The number of Romanians who obtain citizenships in other EU countries keeps growing. Only in 2016, 29,700 people swore to another member state, compared to… Mai mult

Romania fulfils again stability requirements (a near-miss) in terms of housing price increase

According to the revised data published by Eurostat, Romania has fulfilled again (a near-miss) the macro stability requirement set at the European level for the… Mai mult

Foreign trade deficit, concentrated in seven countries. Hungary ranks second, right after China

Seven countries concentrate 99% of the deficit that Romania registered in foreign trade exchanges in 2017 – according to provisional data published by the National… Mai mult

First time in last four years, (significant) budget deficit at the end of February. Increasingly weaker state, increasingly bigger obligations

The consolidated budget ended the first two months of 2018 with a deficit of 0.59% of the estimated GDP for the current year, according to… Mai mult

Romania lost one more key indicator on the European macroeconomic scoreboard: rhythm of labour cost increase

After it reached, two years ago, among top states that met most economic stability criteria imposed by the Macroeconomic Imbalances Procedure Scoreboard (MIPS), with 13… Mai mult

One third of European funds lost at whole Europe level belong to Romania: a failure of EUR 1.64 billion

The European Commission sent on Tuesday a briefing to the European Parliament on the 2007 – 2013 Multiannual Financial Framework. According to the Commission’s data,… Mai mult
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NEWS

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

Unions: State will pay detainees between EUR 370 -550 million

Total compensation that the state will pay to detainees who have been imprisoned in improper conditions will be between EUR 370 million (in the case… Mai mult

Schweighofer sells forest domains owned in Romania and only keeps processing activities

Schweighofer Group, one of the European leaders in wood processing, announced on Monday "a strategy change": it sells its subsidiary Cascade Empire S.R.L. (Cascade Empire)… Mai mult

Dancila government has established "Commission for Preparing Changeover to Euro". Another committee has been already doing the same thing for a year and a half

On Wednesday, the Government adopted an Ordinance aimed at establishing a commission for preparing the timetable for Romania's accession to the single European currency. Prime… Mai mult

Mangalia Shipyard: Agreement between Ministry of Economy and Damen. Dutch buy Daewoo shares, give state 2%

The state has reached an agreement with Damen Shipyards Group after blocking for several months the takeover by Dutch company of Daewoo's shares at Mangalia… Mai mult

CCR judges are no longer willing to participate in MCV assessments

The President of the Constitutional Court (CCR) has communicated to the European Commission (EC) delegation the fact that "the Court plenary expressed its wish not… 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