Category: Uncategorized

The revenues collected by the Romanian government with the tax amnesty just passed may exceed its moderate RON 10 billion (EUR 2 bln) expectations, according to Alexandru Aparaschivei, tax partner in the NNDKP Tax Consultancy. “They said they have RON 70 bln to recover [the total overdue debt], of which RON 60 bln the principal…

Three investment projects aimed at developing new factories – one factory to produce equipment used for handing radio-frequency tags and two animal feed plants – are the best-placed in the preliminary ranking made by the Ministry of Finance for the granting of state aid according to the RON 750 million (EUR 150 million) scheme for…

The Romanian authorities intend to ask for compensation from the European Commission due to the significant differences in energy prices between the east and the west of Europe, minister of energy Sebastian Burduja said during the South East Europe Green EPC event on September 12, quoted by Bursa.ro. He implied Austria failed to allow comparatively…

Vodafone, as the leader of a broader consortium, will implement under a EUR 100 million contract a component of the government cloud platform in Romania, which would be the basis of digital interaction between the state and citizens and companies, according to Ziarul Financiar. Based on this IT system, citizens and companies are supposed to…

Viorica Dăncilă, former leader of the Social Democratic Party (PSD), prime minister from January 29, 2018, to November 4, 2019, and Social Democrats’ presidential candidate in 2020, has joined the Romanian National Conservative Party (PNCR), announced MEP Cristian Terheş, the president of the newly formed party. Initially a member of the Social Democratic Party (PSD)…

The share of aggregated gross wages in Romania, including the employers’ social security contributions, expressed as a percentage of the total GDP, reached a record value of 48.8% in Q1 (the highest value since 2002) to decrease at 43.4% in Q2 – still 3.1 percentage points (pp) up from 40.3% in Q2 2023, according to…

The average net wage in Romania rose by 14.8% y/y to RON 5,242 (EUR 1,054) in July after the 13%-14% y/y growth rates in Q1 and Q2 this year, according to the data published by the statistics office INS. In real terms, the average net wage surged by 8.9% y/y – the steepest annual advance…

The households’ consumption expenditure in Romania increased to 67.1% of GDP in Q1, the highest level since Q1 2020, and 63.6% in Q2 – 2.3 percentage points (pp) up from the same quarter last year, according to data published by the statistics office INS. The share has recovered from the lower readings seen during the…

Fuchs Condimente Romania, the local producer of spices and food ingredients, part of the German Fuchs Group, has completed the construction phase of its production capacity expansion in Curtea de Argeș after a 12-month project. In the next phase, the expansion of the logistics and production center in Romania involves investments in machinery and process…

According to statistics provided by the psychological therapy and emotional support services of Save the Children Romania, in the past two years, one in three children aged between 8 and 17 has experienced some form of emotional disorder, such as anxiety or depression, caused by prolonged exposure to social media.  According to the latest Save…