Category: Uncategorized

The minimum turnover tax (IMCA) for companies with a turnover above EUR 50 million, which the government was planning to replace but changed its mind and kept in place under the second package of budgetary reforms, is not addressing tax evasion but is hindering investment, hence economic growth, the business community argued in a joint…

Romania’s government bond yields have risen sharply in recent weeks, with the most pronounced increases seen in medium- and long-term maturities, Cursdeguvernare.ro reported. The move reflects both regional market dynamics and domestic inflation pressures following the government’s fiscal corrective measures. Yields on 5- and 10-year bonds in the secondary market now stand at 7.6%, significantly…

The Romanian main opposition party, the isolationist Alliance for the Union of Romanians (AUR), has filed four separate no-confidence motions against the government for four of the draft laws that the executive promoted in Parliament for accelerated legislation without debate.  The debates on the no-confidence motion and the vote would take place on Sunday, September…

The Social Democratic Party (PSD) on September 3 came up with a counter-proposal to prime minister Ilie Bolojan’s plan for a 10% cut of the local administration staff as of January 2026, accepting a 25% personnel reduction – but gradually, over a period of four years, according to G4media.ro. It is not clear when the…

European Council president António Costa praised Romania as a cornerstone of Europe’s defense during a visit to Bucharest on Wednesday, September 3, stressing that the security of the European Union depends on the resilience of its Eastern border. “All Europeans know very well that our security depends on the security on our Eastern border. And…

Art Safari kicks off another edition, world music is celebrated at dedicated festival Balkanik, while museums in rural areas are under the spotlight this weekend. In Bucharest: George Enescu International Festival Until September 21 The 27th edition of the event is held under the theme of Anniversaries / Celebrations, a tribute to great musicians. Among…

A total of 67% of Romanians believe that the country has benefited from EU membership. The main reasons are that the EU offers Romanians new job opportunities (39%), it improves the citizens’ standard of living (26%), and contributes to economic growth in the country (24%), the latest Eurobarometer survey by the European Parliament showed. Furthermore,…

Luka Zivkovic (pictured right) has been appointed general manager of Bonapp, now part of Munch, the Central and Eastern Europe app dedicated to reducing food waste.  With a track record in business development and commercial strategy, Luka has been based in Romania since 2016. He takes over from Diego Roy de Lachaise, who is stepping down…

Impact Hub Bucharest and Raiffeisen Bank Romania have launched Start Her Journey, a three-month program designed to support young women entrepreneurs at the beginning of their business careers. The initiative comes as new research shows that 47% of Romanian women identify fear of failure as the main barrier to starting a business, despite having the…

Bucharest Photofest will return this fall for its 10th edition, bringing together more than 200 artists from over 15 countries in a citywide celebration of photography and visual arts. The festival will run from October 10 to 19 across more than 15 venues in the capital city, including museums, galleries, bookstores, and alternative cultural spaces.…