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Romania has published updated transfer pricing regulations that introduce stricter documentation requirements and align domestic rules more closely with the OECD Transfer Pricing Guidelines. Order No. 828/2026, published in the Official Gazette on July 2, replaces Order No. 442/2016 and will apply to transactions with affiliated parties carried out from 2026 onwards. The new framework…

Gărâna Jazz Festival is getting ready for its 30th anniversary with an edition celebrating “not only music, but also everything that has developed around it over the past three decades.” This year’s program gathers 21 musical projects and artists from 11 countries, alongside a complementary cultural program added to the festival program. The anniversary edition…

Romania is facing an acute shortage of IT and cybersecurity specialists, according to the Annual Report on the Assessment of Cyber Risks for 2025, published by the National Directorate for Cyber Security (DNSC). According to the analysis, Romania is facing challenges from both traditional cyber threats and new technologies, which significantly reduce organizations’ response times.…

Employees without children in Romania keep the smallest share of their gross salary in the EU after paying mandatory taxes and social contributions, according to a Euronews analysis. Roughly 41.5% of gross earnings go to the state, the highest percentage in the European Union. On average across the European Union, taxes and social contributions account for…

The prime minister of Moldova, Alexandru Munteanu, announced his resignation on Friday, July 3, following a meeting with president Maia Sandu, according to NewsMaker. During his speech, the official said he could no longer carry out his mandate in line with his principles and convictions. The resignation is seen as a setback for president Maia…

Ukraine confirmed that it lost control of four naval drones due to suspected Russian electronic warfare a day before one of them exploded in the Constanța Port on June 5, according to Romania’s Ministry of National Defense (MApN). The clarification came in response to questions sent by Romanian defense minister Radu Miruță following the incident.…

Homes in Romania increased in price by 7.8% in Q1 of 2026, above the 4.7% increase in the euro area and the 5.1% hike seen in the EU overall, according to data collected through the House Price Index, published on Thursday, July 2, by the European Statistical Office (Eurostat). Among the EU member states for…

Fuel prices in Romania remained below the European Union average for most of the first half of 2026, according to the Competition Council, which is now monitoring the market following the expiration of temporary measures that capped fuel retailers’ markups and reduced diesel excise duties. As of July 1, diesel prices have increased by about…

Romanian-American University is integrating artificial intelligence into the curriculum of every academic program, ensuring that all students graduate with the knowledge and skills needed to thrive in an AI-driven economy. Building on initiatives launched in 2021, the University has developed a cross-disciplinary educational model that combines AI literacy, critical thinking, digital competencies, and ethical decision-making.…

Romania’s UNTOLD has been ranked the world’s third-best music festival for the third consecutive year in DJ Mag’s Top 100 Festivals ranking. The Cluj-Napoca event retained its position behind Belgium’s Tomorrowland and the United States’ EDC Las Vegas in the annual global poll. The ranking, published by British music magazine DJ Mag, is based entirely…