The Employers’ Association of the Software and Services Industry (ANIS) said that the new draft Emergency Ordinance proposing abrupt and unexpected changes to fiscal policies, without genuine consultation with the business environment, defies the fundamental principles of fiscal stability and predictability. The expedited timeline for eliminating tax incentives for the IT industry, starting January 2025, sends a deeply negative signal toward a strategic sector of the Romanian economy, treated with disregard. It is worth noting that the removal of tax incentives for the IT industry, as part of reforms under the National Recovery and Resilience Plan (NRRP), was initially planned for 2028. However, in November 2023, this incentive was abruptly curtailed with implementation within days, destabilizing the industry. Advancing this timeline yet again, through another sudden measure, jeopardizes the stability of one of Romania’s most dynamic economic sectors and fuels uncertainty for companies, gravely affecting strategic planning and investor confidence. According to ANIS research*, the elimination of the tax incentive will reduce the industry’s global competitiveness by increasing labor costs and further shrinking employment, which already saw a decrease of about 10,000 jobs in 2023. ANIS warns that such measures risk isolating Romania on the global technology stage by discouraging investments and companies’ interest in the Romanian market, while undermining efforts to transform the economy into a competitive and digitalized one. “Once again, the Government disregards fiscal predictability legislation and any dialogue with the business community and entrepreneurs who sustain the national economy, create jobs, and pay taxes. Removing this incentive in the current context could severely impact not only the industry, through massive job cuts, withdrawal of international companies, or redirecting investments to other countries, but also destabilize the broader economy at a critical moment for digitalization and retooling, which are essential to maintaining the competitiveness of Romanian companies,” said Edward Cretescu, President of ANIS. The IT sector has played a vital role in the resilience of the national economy, even during crises. Over the past five years alone, the industry has contributed a trade surplus of over €20 billion. The sector directly accounts for about 8% of GDP and indirectly contributes more than 14% to GDP. Furthermore, its employment multiplier effect accounts for approximately 15% of the total workforce in the economy. Major fiscal changes that abruptly disrupt the dynamics of the industry risk undermining Romania’s economic progress and severely affecting the business environment.
Meta Estate Trust, a holding company active in the real estate sector and listed on the Bucharest Stock Exchange (BVB) under the symbol MET, announced that it signed the mandate agreement with its new Chief Executive Officer (CEO), Dan Petrișor. The appointment decision was made by the Board of Directors on October 31, and the […]
Renting is steadily becoming more common in Romania, as access to credit becomes increasingly difficult. As such, even though rents traditionally tend to decrease in October, this year they have kept steadily increasing in most major cities. Traditionally, the demand for rentals increases in August and September, when students return to the major university cities. […]
Demand for logistics and industrial space in Romania reached 750,000 square meters in the first nine months of 2025, a 30% increase compared with the same period last year, according to the Romania Industrial Marketbeat Q3 2025 report by real estate consultancy company Cushman & Wakefield Echinox. If the current pace continues, the total volume […]
Documentary Mondays and Fiction Tuesdays, the programs of the Czech Center in Bucharest, return between November 10 and November 25 with screenings of six contemporary and classic European films. Documentary Mondays, the Czech Center's longest-running film program, proposes documentaries that reflect on the present, memory, trauma, and the ways in which we relate to the […]
Booking Holdings Romania, Servier Pharma, JYSK Romania, Schneider Electric, and Deichmann are the most appreciated companies by their own employees, according to Top Employers Undelucram.ro 2025. The list is based exclusively on feedback from employees rather than public image or marketing perception. The ranking made by Undelucram.ro, a leading online employee community in Romania, is […]
On New Year’s Eve, the local authorities in Constanța will no longer organize the traditional fireworks display. The decision was made to protect animals as well as the environment. The seaside city of Constanța thus joins a growing list of cities in Romania to ban fireworks, Digi24 reported. Cluj-Napoca, Ploiești, Iași, and Brașov...
