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Debt, deficit, political instability: Fitch revises Romania's outlook to negative

The second half of 2024 represented a critical turning point for Romania's economy and political stability. In an attempt to counter the ever-expanding budget deficit and ensure macroeconomic balance, the government implemented a series of...

Budget Disaster and Political Instability in Romania

The last financial quarter of last year was a time of intense complexity for the Romanian economy, in which political and economic forces faced significant challenges generated by the general elections, the tense geopolitical context and an...

The month of political aberrations

Over 9.4 million citizens who went to the polls on November 24 had their options canceled by the Constitutional Court of Romania, which, after validating the first round of the presidential elections on December 2, reversed its decision on...

Mihai Daraban (center), president of the CCIR: "The business environment's capacity to pay additional taxes has been exhausted."

Business warns: tax tightening leads to economic stagnation

The rigid approach of tightening the fiscal environment is the worst option the Government can take at the moment, said yesterday the participants at the press conference "What are we doing with the Romanian economy?", organized by the...

Business warns: tax tightening leads to economic stagnation

The rigid approach of tightening the fiscal environment is the worst option the Government can take at the moment, said yesterday the participants at the press conference "What are we doing with the Romanian economy?", organized by the...

"The final consumer's bill will be indirectly affected by the introduction of the pillar tax"

Reporter: How did 2024 end for energy suppliers, and what are the prospects for 2025?

Sorin Mihanţa, Selmi Wood Concept SRL: European funding, insufficient for the transition from a mining-based economy to a sustainable one

Reporter: What is the situation of the workforce in Valea Jiului? Are we talking about an aging workforce or are there also young people looking for work?

In the fall of last year, the Government decided that, from January 1, 2024, micro-enterprises with revenues below 60,000 euros should pay 1% tax, and those that exceed this threshold untilthe level of 500,000 euros and carrying out certain specific activities to pay a tax of only 3%.

Taxation of micro-enterprises, the bone of contention between Brussels and Bucharest

The European Commission asked the Ciolacu government to reduce the turnover ceiling for the taxation of micro-enterprises from 500,000 euros to 88,500 euros, in accordance with the recommendations of the World Bank, according to sources from the...

Domnul deputat Miruţă a menţionat că specialiştii IT români nu sunt căutaţi doar de companiile din Israel, ci de firme mari din toată lumea, deoarece sunt bine pregătiţi în facultăţile de calculatoare, de electronică şi de informatică din ţara noastră.

Radu Miruţă, deputat: "Guvernul ar trebui să ofere facilităţi fiscale companiilor de software care se încăpăţânează să plătească taxe şi impozite în România"

Specialiştii din IT pot fi menţinuţi în ţara noastră prin oferirea unor venituri atractive, chiar şi prin acordarea de facilităţi fiscale, susţine deputatul Radu Miruţă (USR), secretar al Comisiei pentru Tehnologia Informaţiei şi Comunicaţiilor...

Corina Vasile: "It must be taken into account that the teams and companies from Romania are in competition with any other companies in the global market, and the cost is a critical element".

Corina Vasile, ANIS: "The IT workforce is one of the most mobile"

The labor market specialized in IT has moderated in the last 12 months, even if there is still a shortage for certain specializations, Corina Vasile, executive director of the Software and Services Industry Employers' Association (ANIS), told...

The President of ARIES Timişoara mentioned that at the moment Romanian companies in this sector of activity need larger teams for the projects requested by the international community, by the global industry, projects whose implementation would lead to the rapid development of domestic companies.

Daniel Giurea, ARIES: "Digital nomads work not only for companies in Israel, but also for other IT companies in the world"

There is currently no IT workforce exodus from Romania to Israel, but we have digital nomads who work from our country for companies from other countries of the world, including those from the Holy Land, Daniel Giurea, the president, told us of...

Deputy Miruţă mentioned that Romanian IT specialists are not only sought after by companies in Israel, but by large firms from all over the world, because they are well trained in the faculties of computers, electronics and informatics in our country.

Radu Miruţă, Deputy: "The government should offer fiscal facilities to software companies that stubbornly pay taxes in Romania"

IT specialists can be kept in our country by offering attractive incomes, even by granting tax facilities, claims deputy Radu Miruţă (USR), secretary of the Commission for Information and Communications Technology (TIC) in the Chamber of...

Marcel Boloş, the Minister of Finance, declared, in the press briefing that took place after yesterday's meeting: "It is an extremely complex package of measures that concerns the business environment and public spending of the state". (Photo source: facebook / Marcel Bolos)

Tax amnesty - what measures did the Government approve yesterday for bad payers and how will correct taxpayers be rewarded

Companies and natural persons who pay their outstanding main debts to the state budget by August 31, 2024, will benefit from the cancellation of the ancillary debts calculated for the payment obligations, according to the emergency ordinance...

Ciolacu asks the European Commission for permission for a larger deficit

The last month of summer was marked by a series of government decisions that continued to deepen the budget deficit, which - according to the budget execution for the first seven months published by the Ministry of Finance at the end of August -...

A comparison between George Simion's program and Kamala Harris' program; what AUR wanted in the beginning and what it wants now - differences and adaptations

After the American vice president Kamala Harris presented at the end of last week her economic program as a candidate for the position of the president of the USA, we wonder if what is called the Simion Plan still looks like a utopia - as...

Direct democracy, the scarecrow of the political class

The need for a real partnership between political decision-makers and civil society, between governments, parliaments and citizens, was the main topic of debate at the 12th edition of the Global Forum of Modern Direct Democracy, an event that...

PNRR implementation, delayed by 18 months

The National Recovery and Resilience Plan is not a failure, but its implementation has been delayed for a year and a half (18 months) due to the indecision of the governing coalition in Bucharest, PNL-PSD, which has not implemented certain...

The Romanian capital market, an important role for the reconstruction of Ukraine and the development of the Republic of Moldova

The capital market in Romania can have an important role for the reconstruction of Ukraine and the development of the Republic of Moldova, argued the participants at the 10th edition of the CFA CEE Investment Conference, an event that this year...

Less than half of OECD countries prohibit anonymous donations for political funding

Less than half of the member countries of the Organization for Economic Cooperation and Development (OECD) prohibit anonymous donations for political financing, according to the data published in the report Anti-corruption and integrity -...

Mircea Geoană, Deputy General Secretary of NATO, stated: "The economic model will change, the configuration of supply chains will change, and technology will have an impact on our products. We are participating in the biggest transformation in history, and governments alone, even if they are effective, will not be able to make the necessary changes by themselves, but must collaborate with the academic environment and the business environment".

German companies - ready to invest in transforming Romania into an energy hub

German companies in our country are ready to contribute to changing the Romanian economic model in the current regional geopolitical context, to the digital transformation and to the opportunity offered by the green transition for our country to...

Bureaucracy, funding and labor shortages plague construction companies

The construction sector is one of the main contributors to the creation of the Gross Domestic Product, but it is currently facing problems generated by the bureaucracy from the central and local public authorities, lending from the banking sector...

Mr. Ştefan Şînt also expressed his dissatisfaction with the expansion of the ski area in Poiana Braşov, an expansion that should have been carried out by now, based on a pre-feasibility study drawn up several years ago by a large foreign company, who prepared such studies for several ski areas in the Alps and even for the ski area that was used in the 2018 Winter Olympics in PyeongChang, South Korea, being the first edition held in Asia this competition. (Source of photos from the gallery: facebook/ Braşov City Hall)

Ştefan Ţîmţ, entrepreneur: "Poiana Braşov is a tourist resort, not a neighborhood of Braşov and that is why it must be promoted"

The national and local authorities do not seem willing to invest in tourism promotion, even if at the declarative level they claim that tourism is an important part of the national economy and even if they have approved several normative acts for...