Category: Uncategorized

Romania is set to see prices rise in July as several governmental measures limiting costs will be removed, while taxes will be hiked. Energy and food will be among those becoming more expensive. The fiscal measures that the new Government is expected to announce will come into effect in two stages: some starting from July…

Private equity fund CVC and Therme Group, the developer, owner, and operator of wellbeing destinations, have partnered for Therme Horizon, a new holding company comprising Therme Erding in Germany and Therme Bucharest in Romania. In a deal valued at over EUR 1 billion, CVC and Therme Group will become equal partners in Therme Horizon. CVC will also co-invest in the development of Therme…

As Cambridge School of Bucharest (CSB) celebrated its 30th anniversary in 2024, it reflects on the significant strides the school has made in providing world-class education. From its early beginnings to the thriving institution it is today, CSB has always focused on nurturing the intellectual, emotional, and social growth of its students. The school’s evolution…

Auto parts manufacturer Forvia, the group formed by the merger of Faurecia and Hella, is closing its development center in Iași, northeastern Romania.  A number of 74 employees will be affected by voluntary layoffs, the company confirmed to Economedia. The company stated that the decision was taken “in response to the difficult conditions of the…

Romania’s largest business organisations have jointly opposed proposals to introduce progressive taxation, urging political leaders to retain the country’s flat tax system. Although the proposed changes would primarily affect individual income tax and not corporate profits, the organisations argue that such a move would negatively impact the broader economic and investment environment. “Implementing a progressive…

The proposal to implement a generalized reverse charge VAT mechanism as a solution to Romania’s VAT collection gap may result in lower, not higher, budget revenues and reflects a misunderstanding of how the system functions, according to tax consultant Mariana Vizoli, quoted by Profit.ro on June 18. Vizoli, a former head of VAT policy at…

Bucharest’s Verita International School has become the first Romanian member of the UK-based Dukes Education network, in a partnership that channels tens of millions of euros into two new campuses and upgraded facilities, including the country’s first “green” school building. School founder Richard Joannides says the tie-up “takes the school to the next level” by widening…

Schrack Technik Romania, a subsidiary of the Austrian group Schrack Technik GmbH, a manufacturer and distributor of electrical installations and equipment, has finalized a EUR 15 million logistics center in Domnești, near Bucharest. The center has an area of ​​3,500 sqm of offices + 5,500 sqm, a storage capacity of 5,000 pallets, a stock of…

President Nicușor Dan will meet the parliamentary parties on Thursday, June 19, for consultations on nominating the next PM, the Presidential Administration announced. The Social Democratic Party (PSD), the National Liberal Party (PNL), the Save Romania Union (USR), and the Democratic Alliance of Hungarians in Romania (UDMR) have been negotiating a governing program and the…

Two young Romanian energy specialists, one from Transelectrica, the operator of the national power system, and the other from the National Energy Regulatory Authority, were designated as members of the continental expert commission investigating the causes of the historic total blackout that affected Spain and Portugal. The blackout took place on April 28, 2025 and…