Category: Uncategorized

Residents of Bucharest see traffic congestion, cost of living, cleanliness, and pollution as the city’s most pressing problems, according to a new survey by the Centre for Urban and Regional Sociology (CURS).  The study, conducted between August 12 and 22 on a sample of 1,100 adults, reveals widespread dissatisfaction with the capital’s direction, with 60%…

While the number of employees paid the minimum wage in Romania is only 1.06 million (-3.6% y/y), accounting for 16% of the total number of labour contracts, the number of employees earning just above the minimum gross wage (RON 4,050 – 4,100 or around EUR 800) was 1.63 million, according to Ziarul Financiar, based on…

The Social Democrat (PSD) mayor of District 4 in Bucharest, Daniel Baluta, is leading in the poll carried out by INSCOP for the [still unscheduled] mayoral elections in Bucharest. Another poll, carried out by CURS, confirms Baluta’s leading position. The race is, however, tight, and the centre-right parties coming up with a sole candidate might…

Romania’s Ministry of Energy invited investors to come up with more wind farm projects for another auction under the CfD (contract for difference) scheme, after it approved projects with an installed capacity of only 1.26 GW out of the planned 2 GW in the previous auction, according to Economica.net. Projects with sufficient maturity but not…

Bucharest Stock Exchange (BVB) would join Moldova’s largest bank, MAIB, and regional energy group Premier Energy, in setting up a stock exchange in Moldova where the license of the existing exchange is expiring, according to Economedia.ro. The BVB management has summoned its shareholders for September 29 to approve the company’s participation in the project.  The…

Hidroelectrica, Romania’s largest energy producer, announced on August 23 that it has not announced, does not intend, and is not considering any increase in electricity supply prices. “The company maintains its commitment to having a fair and competitive offer for its customers and reaffirms that it is not considering any unilateral change in prices for…

The Ministry of Environment has put into public debate the new financing guide for the Rabla Auto 2025 Program, which brings a drastic adjustment of the support for electric vehicles. The value of the subsidies (eco-voucher) for full-electric or hydrogen fuel cell vehicles (not marketed in Romania) will be only RON 18,500 (approximately EUR 3,500),…

Romania’s authorities have extended until the end of August 2026 a EUR 15 million contract signed with UiPath for the automatisation of processes within the public administration, USR MP Radu Mihaiu announced, citing a memorandum promoted by his party’s economy minister Radu Miruta and REPER’s investments minister Dragos Pislaru. The project is financed under the…

The Romanian Ministry of Finance is preparing to introduce a reverse charge on VAT in the fruit and vegetable sector, in addition to the categories already subject to reverse VAT charge, and will have discussions with the European Commission in September on this topic, minister Alexandru Nazare told Profit.ro. Other sectors may follow, he said.…

The Romanian Chamber of Tax Consultants (CCF), in a message published on August 21, addressed to the Finance Ministry, warned that the reforms under the draft law published for consultations on August 14 not only have a negative economic impact but some of them are ambiguous and breach the existing international agreements.  CCF also argued…