PM To Discuss Budget Revision Next Week
07.10.2017
Romanian Prime Minister Mihai Tudose said Monday after a meeting of the ruling coalition parties he will discuss a budget revision next week.
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PwC: Political Consensus Crucial to Building Transport Infrastructure yesterday, 11:27
Although Romania has one of the lowest scores in the European Union in terms of quality of infrastructure, according to the World Economic Forum's... more
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Japanese Companies In Great Britain May Relocate Their Businesses To Romania 07.19.2017
Japanese companies in Great Britain want to move their businesses to Romania, in the context of Brexit and due to the economic growth registered by... more
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EIB Lends EUR1B To Romania To Co-Finance Transport Infrastructure Projects With EU Grants 07.19.2017
The European Investment Bank (EIB) is lending Romania EUR1 billion to co-finance with European Structural and Investment Funds priority transport... more
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Romanian PM Sacks Tax Regulator Head Bogdan Stan 07.18.2017
Romanian Prime Minister Mihai Tudose on Tuesday dismissed Bogdan Stan from the position of president of the country’s tax authority ANAF. more
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Over 2,300 Medicines Risk Vanishing From Romanian Market 07.13.2017
Over 2,300 medicines risk vanishing from the Romanian market, 60% of which cost less than RON25, as the clawback tax is expected to reach 30% by... more
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Romania Won't Introduce Tax on Turnover - PM 07.11.2017
Romania will not introduce a tax on turnover, Prime Minister Mihai Tudose said Tuesday after a meeting with European Commission officials. more
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Foreign Investors Council: Predictability Is Crucial to Economic Development 07.05.2017
The Foreign Investors Council (FIC) is worried by the substantial changes to the governing program and believes that such radical changes,... more
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Transport Ministry To Launch Projects for 800 Km of Highway This Year 07.05.2017
Romanian transport minister Razvan Cuc said Wednesday projects to build 800 kilometers of highways will start this year, adding the government will... more
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Survey: 70% of Romanians Feel Their Tax Money Is Wasted 07.05.2017
Seven in ten Romanians are of the opinion that most money collected from taxes are spent unjustifiably and money saved from fighting tax evasion... more
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BRD May Grant Subsidized Mortgage Loans Totaling RON315M 07.03.2017
Romanian lender BRD-Groupe Société Générale has been assigned a new cap, of RON157.7 million, and may grant new mortgage loans totaling... more
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Analysts Warn Tax on Turnover Could Render 30% of Companies Insolvent 07.03.2017
One out of three companies in Romania will be exposed to insolvency risks if the government replaces the 16% flat tax on profit with a tax on... more
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AmCham Romania Says Planned Fiscal Changes Drive Investors Away 06.30.2017
Changes in the fiscal policy announced in the new government program generate turmoil in the business climate and severely affect the stability and... more
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Romanian Parliament Endorses Tudose Cabinet 06.29.2017
Romania's new Cabinet, led by Mihai Tudose, on Thursday received the Parliament's endorsement with 275 votes in favor and 102 votes against. more
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Fin Min Says Romania to Eliminate Mandatory Private Pensions; PM Denies 06.29.2017
Romania's proposed finance minister Ionut Misa said Thursday the government will eliminate the mandatory private pension system known as Pillar II.... more
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Romanian Government to Postpone VAT Cut to 18% for 2019 06.29.2017
Romania's government will postpone a standard value-added tax rate cut to 18% from 19% for 2019, according to the new government program to be... more
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Ruling Party Proposes Ionut Misa for Finance Minister 06.28.2017
Romania's ruling Social Democratic Party approved its list of ministers proposed for the Cabinet led by prime minister-designate Mihai Tudose,... more
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Romanian President Designates Mihai Tudose for Prime Minister 06.26.2017
Romanian President Klaus Iohannis on Monday designated social democrat Mihai Tudose for prime minister, as proposed by the ruling coalition. more
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Romania's Ruling Coalition Topples Own Government in No-Confidence Vote 06.21.2017
Romania's Parliament on Wednesday adopted a no-confidence motion submitted by the ruling coalition to topple its own government led by prime... more
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Romanian Parliament Debates, Votes on No-Confidence Motion Wednesday 06.19.2017
Romania's Parliament will assemble Wednesday to debate and vote on a no-confidence motion submitted by social democrats and coalition partners... more
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Romanian Leu Hits Five-Year Low, Of 4.5872 Vs Euro, Amid Political Tension 06.15.2017
The Romanian leu depreciated against the euro by midday Thursday and the central bank set the leu’s reference rate versus the euro at 4.5872... more
Romania is going through a favorable time for its economy, for business, customers are better prepared but we must not let ourselves be
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BRD-Groupe Société Générale and UniCredit Bank is granting a syndicated loan worth over EUR177 million to pharmaceutical group A&D
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Nearly half (49%) of Romanian entrepreneurs said they started their own business to feel more secure about their own future, according
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The modern logistic and industrial space stock in Bucharest grew nearly ten times in the past 13 years, to nearly 1.2 million square
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OMV Petrom, the largest oil and gas producer in Southeastern Europe, on Wednesday said it invested nearly EUR5 million in modernizing
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BT Capital Partners, a top five broker in Romania, has been entrusted with the listing of the Globalworth bonds on the Bucharest Stock
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US company Timken opened a new bearing factory in Romania Tuesday, near Ploiesti, following an investment of $60 million.
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South-African investment fund New Europe Property Investment (NEP.RO), the largest player on the Romanian real estate market, has
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28% of Romanian employers plan to add to their payrolls in the July – September 2017 timeframe, according to the Q3 edition of the
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Brisegroup, one of the largest grain traders and farm input wholesalers in Romania, plans to invest EUR7 million in the completion of a
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Continental, one of the world’s largest car parts manufacturers, said it plans to increase the number of employees in Romania, by
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Banks Get EUR600M on Lower Reserve Ratios But Loan Interests Could Rise
Banks have around EUR600 million following the central bank's cutting of required ratios on foreign currency liabilities by two percentage points, but interests on loans could rise following international trends, despite higher market liquidity.
