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Minister of investments and European projects Marcel Bolos admits that the disbursement of loans and grants related to the third request under the Resilience facility (EUR 3 billion) is at risk due to the Constitutional Court’s ruling on the so-called special pensions (the country pledged to alleviate their macroeconomic impact) and government’s failure to appoint…

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…

Romania’s Competition Council will clear the sale of Telekom Romania Mobile to Vodafone and Digi most likely in the first half of the year, but conditions will be imposed on the two buyers related to the degree of coverage and signal quality, the president of the Competition Council, Bogdan Chiriţoiu, said on February 6 quoted…

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…