Category: Uncategorized

The new tax on multinationals’ shifted profits, which waives deductibility for expenditures affiliated with four categories of services, above a 3% threshold, breaches the fiscal governance principles of the OECD that Romania seeks to join next year, tax consultancy firm BDO Romania warned in a note cited by Economica.net. The firm’s representatives also claim the…

Romanian economy minister Radu Miruta (USR) expressed discontent with the draft amendments to the law 109/2011 on the corporate governance in state owned enterprises (SOEs) published by the General Secretariat of the Government (SGG) and said that he already sent his ministry’s view implying that he was not consulted by the prime minister when drafting…

Prime minister Ilie Bolojan and health minister Alexandru Rogobete presented a package of reforms targeting the public health system, Economedia.ro announced. The Health Ministry has already published the draft ordinance. “Our healthcare system has accumulated major problems in recent years,” prime minister Bolojan announced on August 21.  Excessive expenditures inefficiently distributed seem to be the…

In line with its mission of supporting Romania’s cultural heritage since 1914, InterContinental Athénée Palace Bucharest is honoured to once again be official hospitality partner of the George Enescu International Festival, one of the world’s most prestigious classical music events. On this occasion, the hotel will host internationally renowned artists of contemporary classical music and…

Romania may contribute to achieving lasting peace in Ukraine by granting NATO allies access to its military bases, prime minister Ilie Bolojan said in a televised interview on Antena 1, as reported by Agerpres.  Responding to questions about European leaders’ reported calls for the United States to deploy F-35 fighter jets to Romania as part…

Romania remains in the top 3 markets with the fastest growth in bicycle sales in Europe in the last three years, both in the children’s and adults’ product categories, especially electric bicycles, according to data collected by Decathlon, the largest European sports goods retailer. Almost 1 in 3 bicycles sold by Decathlon goes to a…

After more than 5 years, passengers will be able to go from Bucharest to the Ukrainian capital via Chișinău by train, according to state secretary in the Transport Ministry Ionel Scrioșteanu. On Thursday, August 21, the official announced that the protocol for the circulation of passenger trains on the Kyiv–Bucharest route has been signed.  “This…

Only 200,000 Romanians have accounts at the Bucharest Stock Exchange (or BVB), which is almost 1% of the country’s population. This is problematic, since investments can protect capital from devaluation, according to specialists at the credit and investment comparison platform MrFinance.  Romania is expected to see a 9% inflation rate by the end of the…

Cristian Radu, the mayor of Mangalia – a popular seaside resort in Romania, has been detained for 24 hours by the National Anticorruption Directorate (DNA) on suspicion of taking bribes, News.ro reported. According to Euronews Romania, he is accused of having received around EUR 600,000 in bribes together with the city manager in exchange for…

The well-known “Seaside for All” program is taking place again on the Romanian seaside between September 1–30, promising lower prices. The program has run for over 20 years uninterrupted, and offers low prices for tourists willing to go to the seaside in the off-season. The initiator of the program is the Federation of Employers in…