Category: Uncategorized

Romania posted the highest share of households where the financial situation has deteriorated over the past year but also among the highest shares of households that are faring better – which illustrates the large and widening income discrepancy in Romania, despite a general improvement in the average living conditions. Some 30% of the Romanians estimate…

The court of first instance in Malta decided to extradite Paul-Philippe of Romania, sentenced to three years and four months of jail in Romania for buying influence and complicity in the abuse of office, according to justice minister Alina Gorghiu.  Malta previously refused the extradition request after France took a similar step. But it kept…

Romania’s ruling coalition failed to agree on the date of the presidential elections during its June 25 meeting, with a new round of consultations scheduled on June 29, according to RFI. The Liberals (PNL), whose leader Nicolae Ciuca took a headstart in the electoral campaign, would prefer to defer the presidential ballot from September –…

Romania firmly maintains its resilient market position despite a 13% decline in the number of foreign direct investment projects (from 69 to 60) in 2023, capturing the confidence of investors who still see its potential, EY concluded following its Attractiveness Survey conducted in the first part of 2024. However, Romania’s ranking in Europe’s FDI attractiveness…

Margun Enerji of Turkey recently opened a subsidiary in Romania, Margun Romania Climatech, in order to develop a solar power plant project with a capacity of 150 MW, according to Economica.net. The newly established company is owned by a subsidiary of Margun Enerji from the Netherlands, Margun Climatech BV. The Turkish company expects the 150…

The European Commission revised the forecast for the winter crops’ yields in Romania downward, while summer crops are expected to be impacted in the southern parts of the country, according to Economica.net.  The latest forecast of the European Commission indicates a decrease in yields per hectare compared to May for most crops due to the…

The Organization of Women Entrepreneurs within the General Union of Industrialists in Romania (OFA UGIR) requests the government to abrogate the emergency ordinances 69/2024 endorsed on June 21 regarding the implementation of mandatory e-Invoice mechanism for B2C deliveries (centralised registration of the invoices for deliveries to natural persons), G4media.ro reported. OFA UGIR also requests the…

Associations of accountants in Romania and members of dedicated Facebook groups are joining forces to organise on July 8 a rally towards the headquarters of the tax collection agency ANAF and the Ministry of Finance to protest against the precipitated enforcement of the e-VAT regulations by emergency ordinance (OUG) 70/2024 passed on June 21 after only…

British Football School announced the last-minute bookings for their highly anticipated BFS Holiday Camps! Don’t miss out on the chance for your child to experience an unforgettable week of fun and professional training.  Multiple dates and locations available to suit your schedule: Pipera: June 24th – June 28th Bucharest-Pescariu: July 1st – July 5th Bucharest-Tei: July 8th –…

Calea Victoriei avenue in downtown in Bucharest will host an international street theater event on the weekend of June 29-30. International artists from Italy, France, and Spain will perform as part of the ‘Open Streets, Bucharest – Urban Promenade’ project, offering an electrifying summer weekend with unique and vibrant experiences for all attendees.  The large-scale fantastic…