06.04.2025

Germany’s Continental Group, the largest actor in the Romanian automotive industry, with almost 20,000 employees, has announced a number of streamlining steps that will affect about 870 jobs at its more

12.30.2024

The government on Monday announced the adoption of the emergency ordinance aimed at curbing budget deficit to 7% in 2025, as undertaken before the European Commission. more

02.01.2023

Electroaparataj Targoviste, a marker of electrical equipment and electrotechnical accessories, has announced that during the February 1-28 period it will substantially reduce its activity and suspend more

03.11.2022

France's Orange Group, one of the biggest players in the global communications market, has asked Greece’s OTE to lower the final price for the majority stake in former fixed-line monopoly Romtelecom more

12.28.2021

Aluminum smelter Alro Slatina (ALR.RO), the largest consumer of electricity in Romania, announced on the Bucharest Stock Exchange on December 27, 2021, that its aluminum production would decrease from more

03.30.2020

Swedish-held private medical service provider Medicover, present in Romania though Medicover clinics and the Synevo laboratory division, said it has decided not to propose a dividend and it was more

10.04.2018

Romania’s central bank is in no hurry to give banks cash by cutting minimum mandatory leu reserves, since it does not know whether the shortage of cash on the local interbank market will last, more

04.27.2018

Shareholders of Sphera Group (SFG.RO), which operates KFC, Pizza Hut and Taco Bell restaurants, approved the appointment of Stere Constantin Farmache as independent member of the company’s Board of more

11.08.2017

Romania's government on Wednesday approved an emergency decree lowering contributions to a mandatory private pension system known as pillar II to 3.75% from 5.1%. more

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 voted upon in Parliament Thursday. more

03.31.2017

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01.09.2017

The income tax cut for microenterprises, a measure which has been recently adopted by the new government, will trigger tax reductions of approximately RON955 million, which will be used to cover the more

10.28.2016

Investment fund Fondul Proprietatea (FP.RO) has reduced its share capital from RON9.3 billion to RON9.2 billion by cancelling 179 million own shares acquired by the fund. more

09.15.2016

Bancpost, one of the largest Greek-held banks on the Romanian market, has decided to reduce the down payment required on mortgage loans in lei to 25% from 33%. more

07.18.2016

Romania’s direct public internal and external debt reached 278 billion lei (EUR61.7 billion) at the end of May 2016, having gone up by RON20 billion on the end of May 2015, according to Finance more

06.02.2016

Prices of food and non-alcoholic beverages rose by about 3.6% in the online stores of Carrefour and Cora in the first year of 9% VAT, which means about one third of the about 13% drop in prices that more

04.27.2016

Romania’s energy regulator ANRE on Wednesday said natural gas prices for household consumers included in the consumption category B, accounting for 94% of overall clients, will be cut by an average more

12.18.2015

IKEA Romania decided to cut prices by an average 2.3% for the entire range of products, which includes 9,415 items, while for 344 best-selling items, prices will be cut by an average 15.5% in order to more

12.10.2015

Romania’s Financial Supervisory Authority (ASF) will cut certain taxes and quotas applied to private pension funds by 50% and by 20% for insurance companies, as of January 1, with an impact over ASF more

12.04.2015

Romanians spent most of the money resulted from food VAT cut on food products, followed by non-food products, while the rest went to other expenses or saving, according to a GfK survey. more

10.13.2015

Romanians started to buy higher quality products after the VAT cut on food items from 24% to 9% in June, Sorana Georgia, vice-president of the association of major retail chains in Romania (AMRCR), more

10.13.2015

Romanians saved EUR500 million in two years after the the the sales tax on bread was lowered, Aurel Popa, head of the association of milling and bakery companies Rompan, told “MEDIAFAX Talks about more

09.17.2015

Romania will cut natural gas prices by up to 10% as of July 1, 2016, due to the international evolution of the tariffs, Niculae Havrilet, head of Romania’s energy regulator ANRE, told Mediafax Talks more

07.31.2015

The impact of the VAT cut to 9% on food items as of June 1 was a positive one, bringing RON400 million to the state budget, although the government estimated a negative impact of RON500 million after more

07.29.2015

Private sector companies are losing competitiveness, real estate assets stay frozen and cannot be sold, wages cannot be raised because of increasing costs and the entire local business sector is more