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Visa: Romania’s Shadow Economy Fell 3.5% Since 2008 To EUR39.6B
The underground economy in Romania is seen to have fallen 3.5% over the past five years to EUR39.6 billion in 2013, or 28% of the country’s gross domestic product, according to a report rele...
Romania Banking Laws Offer No Shelter From Lender’s Demand - Study
Romania is one of the few countries in Europe that doesn’t have a personal bankruptcy legislation, leaving over-indebted consumers unprotected against creditors, a report commissioned by the...
EU Report: Romanian President, New Government And Parliament Must Ensure Constitutional Order
Romanian President, the new government and Parliament must ensure the stability of the constitutional order, and all political parties should work to reduce the polarisation of the political...
EC Report: Romania Needs To Do More To Protect Rule Of Law
The European Commission said in its justice report on Romania released Wednesday that while the country has made progress, further steps are needed to ensure and protect the rule of law.
PwC: Romania Improves Position In World Ranking Regarding Number of Taxes Paid By Firms
Romania has climbed 18 spots and is placed 136th in a world ranking regarding the number of taxes companies must pay in a year, according to a PricewaterhouseCoopers (PwC) survey.
JLL: Industrial Space Transactions In Romania Dropped 40% In Jan-Sept
Total rentals on the Romanian industrial market reached 75.000 square meters in the first nine months of 2012, down about 40% on the year, real estate consulting firm Jones Lang LaSalle (JLL...
JLL: Office Deliveries In Bucharest Fell To 44,000 Sqm In First Nine Months
Developers completed in Bucharest office projects totaling 44,000 square meters in the first nine months of 2012, down 14.4% on the year, while rentals fell 21% to 140,000 square meters, acc...
Competition Council Says Promoting Romanian Grocers Unfair To Other EU Producers
Romania’s Competition Council said in a report Thursday that promoting foods made in Romania could be unfair toward food producers in other European Union countries.
Credit Suisse: Romania Witnesses Sharpest Decline In Household Wealth
Household wealth in Romania decreased 36% between July 2011 and June 2012, mainly due to the economic problems triggered by the euro zone crisis, according to Credit Suisse’s 2012 Global Wea...