04.29.2015

The VAT cut to 9% on food items should have been announced right before its implementation, to avoid price hikes operated by retailers, Fiscal Council head Ionut Dumitru told Coface Country Risk more

04.16.2015

Romania’s Competition Council wants to complete several investigations this year, which target potential rigged bids in the milk, energy and IT sectors, the antitrust watchdog head Bogdan Chiritoiu more

04.16.2015

Romania’s Competition Council last year fined 53 companies a total 185 million lei (some EUR42 million) for anticompetitive behavior, more than double against 2013, the antitrust watchdog said in more

02.24.2015

Romania would rather need fiscal relaxation measures in terms of supply, by cutting social security tax, instead of measures to stimulate demand by cutting VAT and excise duties, which will trigger more

01.13.2015

Selgros Cash&Carry on Tuesday rejected the accusations of Romania’s Competition Council, which fined the company RON6.6 million, and awaits the watchdog’s motivation in order to start legal more

01.13.2015

Romania’s antirust watchdog has fined retailers Metro, Real, Selgros and Mega Image and 21 of their suppliers a total 154 million lei (some EUR35 million) for price-fixing arrangements between 2005 more

12.19.2014

Romania’s Fiscal Council says the fiscal revenue is overestimated by 2.35 billion lei (), or 0.33% of the gross domestic product, in the 2015 budget draft, while the investment expenditure won’t more

12.12.2014

The Fiscal Council representatives estimate that the increase of certain categories of revenue in the 2015 draft budget are overvalued, while other expenses are underestimated, and that doubling of more

12.03.2014

The third budget revision for 2014 is breaking the law and shows the government’s incapacity to organize and implement the budget, mainly in terms of investments, while the payment of certain salary more

11.25.2014

Romania’s Competition Council has approved the transaction whereby French group Michelin took over, via a company it holds in Germany, tire distributor Ihle Holding also registered in Germany, both more

11.20.2014

Romania’s government needs to show the International Monetary Fund the resources to cover a budget revenue gap of 15 to 17 billion lei (3.4-3.8 billion euros) next year, according to Ionut Dumitru, more

11.13.2014

Romania’s Competition Council started an investigation related to potential antitrust practices carried out by retailers Auchan Romania, Carrefour Romania, Romania Hypermarche (Cora), Kaufland more

09.30.2014

Romania's Fiscal Council on Tuesday said the government’s revised estimate for VAT collections is unrealistic, considering collections in July and August, adding the more cautious approach would more

07.31.2014

Romania’s upcoming budget revision fails to present sustainable measures to offset the low fiscal collection in the first half of the year or the planned reduction of the social security tax rate, more

07.29.2014

Romania has made some progress in its combat against money laundering, but further steps are needed to strengthen the independence of its anti-money laundering institutions and to improve the overall more

06.19.2014

Romania’s target date for joining the euro area seems economically unrealistic and is based on political and strategic rationales, the president of the country’s Fiscal Council Ionut Dumitru said more

06.19.2014

Romania needs additional fiscal measures besides a recently introduced levy on special constructions to compensate for the lower social security tax rate and be able to continue to reduce its budget more

05.09.2014

Romanian government’s planned five percentage-point reduction of the social securities tax will be difficult to achieve considering the low level of tax collections to the state budget, the more

05.06.2014

Bogdan Chiritoiu remains president of Romania’s Competition Council until the appointment of a new head. more

01.17.2014

Ecotic representatives said Friday that the decision of the antitrust authorities to fine the electronic companies, members of the association, for sealing anti-competition agreements within the more

01.17.2014

Romanian household appliance maker Arctic Gaesti will appeal the fine imposed by Romanian antitrust authorities for sealing anti-competition agreements within the buy-back campaigns, saying it was not more

12.18.2013

After taking over discount store chain Plus Discount in 2010, German retailer Lidl set lower prices than those in Plus stores and doubled the share of its cheaper, self-branded products in total more

12.11.2013

Foreign banks will continue to deleverage from their Romanian subsidiaries for at least another year before the process is completed, the head of the country’s parliament-appointed Fiscal Council more

11.07.2013

Sales of private label products increased by 34% on the year in 2012 on the food segment and by 36% on the non-food segment, according to a report by Romania’s Competition Council released Thursday. more

09.17.2013

Slowness and fear of taking decisions are among the main reasons why Romania lacks foreign investments, believes Mihai Bogza, president of the Foreign Investors Council (CIS) and chairman of more