Analysis
Press Review - July 4, 2017
Minimum Wage Hike Boosts Unemployment The number of jobless people grew in the past three months, following the minimum wage hike to RON1,450 as of February 1. Economists say the rise in min...
Analysts Warn Tax on Turnover Could Render 30% of Companies Insolvent
One out of three companies in Romania will be exposed to insolvency risks if the government replaces the 16% flat tax on profit with a tax on turnover, showed a study by Iancu Guda, presiden...
Press Review - July 3, 2017
Liberal Leader Vows to Change Wage Law Liberal Party president Ludovic Orban said the party will amend the public sector wage law if it gets to lead the government, saying it is unsustainabl...
AmCham Romania Says Planned Fiscal Changes Drive Investors Away
Changes in the fiscal policy announced in the new government program generate turmoil in the business climate and severely affect the stability and confidence in the Romanian economy, which...
Press Review - June 30, 2017
Fin Min Says Romania to Eliminate Mandatory Private Pensions; PM Denies Romania's proposed finance minister Ionut Misa said Thursday the government will eliminate the mandatory private pensi...
Press Review - June 29, 2017
Central Bank Says Banks Tightened Loan Conditions Banks have tightened lending conditions in the first quarter of the year for consumer and mortgage loans, the central bank said in a report....
Press Review - June 28, 2017
Several Counties In Romania Under Yellow Code Advisory For Excessive Heat Romanian meteorologists issued a yellow code advisory Tuesday for the counties of Dolj, Olt and Teleorman, as well a...
Press Review - June 27, 2017
Portugal Beats Russia 1-0 In Confederations Cup Portugal beat Russia 1-0 in a 2017 Confederations Cup Group A game at the Otkrytiye Arena in Moscow, Russia Wednesday. Cristiano Ronaldo score...
EC: New Rules Easing Cross-Border Insolvency Proceedings Enter into Force Monday
The new rules on cross-border insolvency proceedings, proposed by the European Commission in 2012 and adopted by the EU legislators in 2015, will enter into force throughout the European Uni...