Social/Politics
Romania Seeks To Introduce New Pollution Tax on Second-Hand Cars
Romania's environment ministry has set up a working commission to look into introducing a new tax on pollution to be charged for second-hand cars, environment minister Gratiela Gavrilescu sa...
EC Assessment of EMA Hosting Offers Shows Bucharest's Lacks Sufficient Transport Info
The European Commission has published its assessment of offers to host the European Medicines Agency currently located in the United Kingdom and Noted Bucharest's offer lacked sufficient tra...
Lars Wiechen, Partner Deloitte Romania: Sweep your ego before it sweeps you away
Having spent more than 16 years in professional services, I should be accustomed to competitiveness and managing egos, including mine. However, after having read and reflected upon Ryan Holi...
European Commission Urges EU Council To Accept Romania, Bulgaria in Schengen
The European Commission said on Wednesday it is “high time” that Bulgaria and Romania become full members of the Schengen area and urged the Council of the EU to take the necessary actions.
Central Bank Deputy Governor to Talk to Senators about Banks, NBFIs
Romania's central bank deputy governor Florin Georgescu will talk to the Senate's committee for economic matters Wednesday about the situation of banks and non-banking financial institutions...
Transelectrica Considers Borrowing Money to Pay Dividends to Romanian Government
Romanian state-run power grid operator Transelectrica might have to borrow money to pay special dividends of RON170.79 million as the government, its majority shareholder, has required.
Finance Minister Says Employers Will be Forced to Freeze Gross Wages
Romania's finance minister Ionuț Misa said Tuesday the government plans to “freeze” gross wages temporarily, while it transfers payments due on social security from employers to employees.
97.5% of SMEs Expect Split VAT Will Hurt Their Business
A split VAT payment system and tax authorities' inability to manage it on a national level will prompt financial blockages and higher financing costs for companies, especially small and medi...
Romanian Government Approves Draft Budget Revision
The Romanian Government on Wednesday approved the draft budget revision, after the country registered economic growth of 5.8% in the first half of 2017, which translates into a GDP increase...