Social/Politics
ZF Conference: Tax Evasion A Form Of Unfair Competition. Improve Collection, Don’t Hike Taxes!
The problem of tax evasion is systemic and has been perpetuated over time, affecting budget revenue collection. It has also affected honest companies, which have to compete against many play...
Court Finds Parts Of Insolvency Code Unconstitutional
Some of the provisions of the government emergency decree regulating insolvency procedures are unconstitutional, Romania’s Constitutional Court ruled Tuesday.
Dorina Mihailescu Resigns As Member Of ASF’s Executive Board
Dorina Mihailescu resigned as member in the Executive Board of Romania’s Financial Supervisory Authority (ASF), senator Cristian Dumitrescu said Tuesday.
BCR: Attracting Foreign Investors, Encouraging Farmland Merger To Avail Romania’s Agriculture
Farms in Romania lack the needed number of vehicles and machinery and the country has too many small farms to be able to gain efficiency, according Banca Comerciala Romana (BCR).
Romania Falls One Spot In World Bank’s Doing Business 2014 Report
Romania fell one spot and is ranked 73rd in the World Bank’s Doing Business 2014 report, which analyzes the ease of running a business in 189 countries.
Which Companies Got The Most Money Last Year From Contracts Financed With Public Money
Contracting authorities last year awarded contracts worth a total of EUR15 billion through the electronic public procurement system (SEAP) - 103,911 contracts granted to a total of 9,268 com...
Romanians Pay Loan Installments Of EUR6B Per Year To Banks
The 4.3 million individual clients with ongoing loans pay bank installments of around EUR6 billion (RON27 billion), according to ZF calculations based on people’s indebtedness level, as it r...
Ford Halts Engine Production In Romania, Resumes B-Max Assembly On November 20
U.S. carmaker Ford will halt its engine production in Craiova, southern Romania, for eight days in November, while the assembly of the B-Max, currently on hold, will be resumed around Novemb...
Romania Raises 2013 Budget Deficit Target To 2.5% Of GDP
Romania's second budget revision this year will raise the deficit to 2.5% of the gross domestic product, from 2.3% of the GDP as estimated previously, people close to the matter told Mediafa...