Anticorruption Prosecutors Raid Caras-Severin County Council
Anticorruption prosecutors raided the office of Caras-Severin county council president Sorin Frunzaverde Thursday morning.
Authorities also searched the local official’s home in Resita and a location that hosts political conferences and parties.
Frunzaverde, a vice-president of the Liberal Party, is investigated for unlawful contract attributions. (Romania Libera)
EU-Funded Agriculture Projects Most Wanted In 2015
The most wanted business ideas in 2015 are projects in agriculture with EU funding.
Romania’s rural development program will get over EUR9.3 billion by 2020, of which EUR8 billion in European funds.
The first investment measures under the program were launched in March. Farmers have EUR205.7 million non-reimbursable EU funding available to modernize their farms and EUR111.2 million for youngsters setting up farms. (Adevarul)
Entrepreneurs Want Tax Cuts, Simplified Laws, State-Guaranteed Loans
Romanian entrepreneurs consider that business development should be supported by tax cuts, tax incentives, reduced bureaucracy, simplified laws and Tax Code, state-guaranteed loans, especially for start-ups, and fiscal stability, according to an EY study.
Nearly half of the entrepreneurs (45%) consider that certain measures on tax cuts and tax incentives would support short-term business development, alongside reduced bureaucracy and simplified laws and Tax Code (15%), public-private collaboration (7%), state-guaranteed loans (8%), the stability of the fiscal environment (5%) and the improvement of the entrepreneurial/professional education level, according to EY’s study Entrepreneurs speak out – Romanian Entrepreneurship Barometer 2015 . (Puterea)
EBRD: Romania To See One Of Highest Growth In Emerging Europe
Romania is expected to see among the highest growth in emerging Europe, amid stronger economic environment in the Eurozone, according to the latest Regional Economic Prospects report released Thursday by the European Bank for Reconstruction and Development.
Romania’s economy is expected to grow at around 3% in 2015 and 3.2% in 2016, after 2.8% last year.
According to the EBRD report, recent and prospective interest rate cuts, enabled by inflation falling on the back of energy and food prices, will continue to boost domestic demand in 2015 and 2016.
“Rising industrial confidence and the deprivation of inventories may lead to a rise in investments after two years. A recent reduction in non-performing loans (NPLs) following proactive provisioning policies by the central bank is expected to help credit supply,” the report reads. (Romania Libera)