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The flat tax rate contributed to an additional increase in GDP per capita, had a positive impact on broadening the middle class, and reduced tax evasion – which led to a more equitable distribution of income, according to a report conducted by ASE at the request of the employers’ confederation Concordia and quoted by Cursdeguvernare.ro.…

Finance minister Tanczos Barna denied rumors related to tax rate hikes or other austerity measures suggested by the expert team of the International Monetary Fund (IMF) currently (February 3-7) in Romania under a ‘routine’ visit to assess the country’s economy, Hotnews.ro reported.  There is a consensus among independent analysts that further corrective fiscal measures of…

Carrefour Romania announced a temporary price reduction campaign on a selection of products amid calls for a supermarket boycott by isolationist politicians, following the model seen in Croatia, where consumer protests led to sales declines of up to 50%.. The retailer will apply discounts of 5% to 25% on 1,500 products from February 7 to…

Former National Liberal Party (PNL) leader and prime minister Nicolae Ciucă is under consideration for the role of director of the Romanian Intelligence Service (SRI) or the Foreign Intelligence Service (SIE), according to political sources cited by G4media.ro. Ciucă, a retired army general, resigned as senator on 5 February without providing a reason. He was…

Retail sales in Romania surged by 8.6% y/y in 2024 in volume terms, driven by the double-digit (+14.8% y/y) rise in non-food sales, according to data published by the statistics office INS. The private consumption was driven up by the 7.6% y/y rise in the real net wage and the unusually sharp rise in the…

The Bucharest Stock Exchange’s new Code of Corporate Governance was recently presented at a conference organized jointly by BVB and the European Bank for Reconstruction and Development (EBRD) in Bucharest on Wednesday, February 5.  At the conference, representatives of the two institutions, alongside stakeholders of the capital market in Romania and abroad, outlined the importance…

EBRD chief economist Beata Javorcik, state adviser Florin Spataru, Transilvania IT Cluster manager Bianca Muntean, AmCham vice-president Cristian Sporis, and Constructii Erbasu CEO Cristian Erbasu were part of a panel on industrial policies in Romania and the region during an event held at the National Bank of Romania headquarters in Bucharest, February 5.  After presenting…

The Romanian Athenaeum, one of Bucharest’s most iconic landmarks, is set to house a bookstore and a café, following public auctions organized for leasing the spaces, Profit.ro reported. The building’s inventory value has also been updated to over EUR 36 million, according to official data quoted by the same publication. Completed in 1888, the Athenaeum…

Hungarian state-owned company MVM expects to complete its acquisition of the majority stake in E.ON Energie Romania’s gas and electricity supply division by June or July, CEO Karoly Matrai told Portfolio.hu, as reported by Reuters. The official also said that MVM does not intend to sell the companies it plans to acquire in Romania and…

Tudor Platon’s An Almost Perfect Family and Radu Ciorniciuc and Lina Vdovîi’s Dad will be screened at this year’s DocPoint – Helsinki Documentary Film Festival. An Almost Perfect Family, produced by Carla Fotea / MicroFILM, was selected in the International Competition of the festival. The documentary Dad will be screened as part of the event’s…