Mains

A paradox meant to give us food for thought: rapid economic growth without fast growing enterprises

Although we have been positioned at the forefront of the EU due to our economic growth over the past two years in terms of GDP… Mai mult

Analysts: National Bank of Romania is adapting its policies to Government’s rope walking between budgetary pressures. How interest rates and exchange rate will increase

The National Bank of Romania (BNR) will adjust its monetary policy and the floating exchange rate policy to the developments in the imbalances resulting from… Mai mult

Romania’s economic stability: warning signals of 2017, as seen from European indicators

Romania is starting to show more and more warning signals for the short-term economic analysis based on Eurostat, with values that are significantly out of… Mai mult

Beware of FFW legislation: Four essential laws – withdrawn from public debate and scheduled to be voted by Christmas

The PSD-ALDE ruling coalition decided on Wednesday that essential laws for society would be issued by the Parliament by the end of this session. On… Mai mult

Analysis: Hidden risks behind split VAT. Figures proving that Government is hiding real VAT issues

Prime Minister Tudose announced on Thursday that the split VAT measure will apply only to companies with problems: A fair decision: not the split payment… Mai mult

Nation’s pulse in 2017: Only 48% of Romanians still believe that EU membership is a good thing; 62% believe country is on a wrong path

The percentage of Romanians who consider the EU membership to be a good thing has dropped from 54% in March this year to just 48%… Mai mult

Advance of real wage – a list of anomalies: Administration exceeds health domain by 44%, manufacturing sector drops to less than 90% of economy average

The average gross salary announced by INS for August 2017 was 3,290 lei, by 1.2% higher than in the previous month. The net average wage… Mai mult

Split VAT: What does not Government want to see in VAT fraud and why it has a different definition for the VAT gap than the European Commission

When it comes to the “VAT gap”, the Romanian Government and the European Commission have different views on the elements contributing to this indicator. Even… Mai mult

Analysis person by person: Government members who decided on split VAT and protect their own companies of VAT split

Photo caption: Prime Minister Mihai Tudose publicly supports split VAT but the company in which he has declared interests does not support Mihai Tudose In… Mai mult

Romania could become the only EU country where social contributions are paid only by employees

If the PSD-ALDE alliance does not reconsider the measure of transferring all social contributions to the employees, Romania will be the first EU country where… Mai mult

Foreign investment exceeded EUR 70 billion. Their net income – 3% of GDP

The foreign direct investment (FDI) balance in the Romanian economy reached EUR 70,113 million last year, equivalent to slightly more than 41% of the annual… Mai mult

UNSUSTANIABLE: Purchasing power increase, triple compared to GDP growth!

UNSUSTAINABLE: Purchasing power increase, triple compared to GDP growth! The purchasing power of wages reached the threshold of 180% in July 2017 compared to the… Mai mult

Drastic polarization of Romanian economy. Figures ignored by measures of all governments

The concentration of the economic activity in increasingly fewer large companies, their distribution in the territory and the capitalization problems of most Romanian firms are… Mai mult

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NEWS

Rompetrol saga, chapter about money: Government asks KazMunaiGaz to pay the historical debt and demand settlement of case in court

The extension of the memorandum between the Romanian state and KazMunaiGaz, the owner of the Rompetrol Group, will be discussed only after the company's historical… Mai mult

"Not only we have not died, we rank third in the world" - Government approved second budget amendment, deficit of 2.96% of GDP

The second budget amendment this year has been adopted at the government meeting on Wednesday. As the Finance Minister assures, this amendment is "positive", the… Mai mult

Mayors: Government to offset by state budget money municipalities’ losses following tax measures

Mayors accepted on Tuesday in the negotiations with Prime Minister Mihai Tudose and several cabinet members, the promises made by the government officials to partially… Mai mult

Competition Council, "worried" that municipalities are establishing their own companies

The establishment of own companies by local administration to manage the services at the local level is worrying for the competition authority, Bogdan Chiritoiu, President… Mai mult

Draft legislation on judicial system in Parliament – to be debated as a matter of emergency

The ruling coalition registered with the Chamber of Deputies on Tuesday the draft amendments to the three important laws for the judicial system: Law 303/2004… Mai mult

Negative opinion and analysis of Fiscal Council on tax changes. "Tax package" costs 5.2 billion, not planned at all

The Fiscal Council issued a negative opinion on the proposal to amend the Fiscal Code, according to the opinion published Friday on the institution’s website.… Mai mult

Negative opinion from CES for Tax Code changes, Government meeting postponed

The Economic and Social Council, a consultative body of the Parliament and the Romanian Government, issued a negative opinion on Tudose cabinet's draft amendment to… Mai mult

Doing Business 2018: It is easier to do business in Republic of Moldova than in Romania

Romania ranks 45th in the Doing Business 2018 ranking by the World Bank (WB), with a total score of 72.87 points, right under the Republic… Mai mult

Ministry of Finance assures that 2017 target deficit, namely 2.96% of GDP, is not at risk

Regarding the EUROSTAT release on Romania’s budget deficit in the second quarter of 2017, the Ministry of Public Finance (MFP) has issued a press release… Mai mult

Trade Winds: US broadens economic cooperation base with Romania: most US companies coming to Bucharest are SMEs

SMEs are the most numerous among the over 100 American companies participating in the Trade Winds mission launched in Bucharest by the US Department of… Mai mult

Government introduces a tax on jobs: 2% on salary fund for employers. Finance Minister says EU forces us to do so

Finance Minister Ionut Misa announced on Wednesday evening in an interview for Antena3 that the Government will introduce a "solidarity tax" applied to employers, depending… Mai mult

Transgaz borrows EUR 50 million from EIB to finance BRUA pipeline

  Shareholders of Transgaz national gas carrier will provide information on the conclusion of an EUR 50 million loan agreement with the European Investment Bank… Mai mult

European Commission’s announcement to Government and Parliament: Gas transactions market cannot be monopolized by OPCOM

Romania risks the infringement procedure if the Parliament adopts definitive amendments to the Emergency Ordinance 64/2017 on the natural gas market, which provides for the… Mai mult

Ministry of Finance has sold euro bonds worth one billion euros on foreign market

The Ministry of Finance (MFP) placed euro bonds worth EUR 1 billion on the foreign market by reopening the issue with the maturity of 10… Mai mult

Ford launches production of EcoSport in Craiova. Total investment in Romania reaches over EUR 1.2 billion

Ford officially launched the production of the EcoSport SUV at the plant in Craiova, raising total investments in Romania to about EUR 1.2 billion, since… Mai mult