Clinical Studies In Romania Take Three Times Longer To Approve Than In The EU

Approving clinical studies in Romania takes 25 weeks, three times longer than the period stipulated by European regulations, according to the Romanian Association of International Drug Manufacturers (ARPIM).   Data is included in the report “Clinical studies in Romania” carried out by KPMG.   By comparison, in Hungary, approving clinical studies takes nine week and in the Czech Republic, Ukraine and Lithuania, it takes 11 weeks to approve the file of a clinical study.

The study was carried out for ARPIM and the Association of Companies Coordinating Clinical Studies in Romania (ACCSCR). (Adevarul)

Two Quakes Occur In Vrancea Seismic Area   The National Institute for Earth Physics informed that two mild earthquakes occurred Friday morning in Romania’s south-eastern Buzau-Vrancea seismic area.  

The first one occurred at 01:22 a.m., at a depth of 141.3 km and had a magnitude 3 on the Richter magnitude scale, and the second one occurred at 4:02 a.m., at a depth of 84.1 km and had a magnitude 3.3 on the Richter scale. (Evenimentul Zilei)

Enel To Invest EUR329M In Romania By End-2018

Italian utility group Enel targets investments of EUR329 million to improve the quality of services provided in Romania, between 2017 and 2018.

EUR151 million of the total amount will be invested in 2017 and EUR178 million will be invested in 2018.

Georgios Stassis, country manager Enel in Romania, said Enel is a major investor in Romania’s energy sector. Stassis also said the company would continue its investment program in order to improve the quality of services provided locally by optimizing the automation level of electricity distribution networks and by developing customer communication channels and the offer of value-added services.

Enel has invested EUR3 billion in Romania to date. (Adevarul)

Foreign Companies In Romania Must Submit Tax On Profit Declaration   The declaration regarding the tax on profit for the income obtained in 2016 will be submitted by each foreign company at Romania’s tax authority ANAF.

Non-resident legal persons which do not have a permanent headquarters on Romania’s territory and, which are obliged, under the Tax Code, to pay the tax on profit in Romania, shall submit the application form 101.(Evenimentul Zilei)

Former PM Dacian Ciolos Confirms He Won’t Join USR   Former technocrat prime minister Dacian Ciolos on Thursday said he would not join the Save Romania Union (USR), pointing out he made this decision following talks with USR head Nicusor Dan.  

Ciolos recently recommended that USR should strive to solve its inner party issues without using his name.

Dan recently told an interview that he is part of the minority which does not want Ciolos to accept the invitation to join USR. (Romania Libera)

Subiecte #press review