The fight against tax evasion cannot be seriously discussed without addressing the issue of inactive companies, and for this reason, we are bringing all these companies to light and forcing them either to declare their activity again or be dissolved, liquidated and struck off, said Finance Minister Alexandru Nazare.'We cannot seriously talk about combating tax evasion without authentically addressing the situation of inactive companies in Romania. It is time to dismantle this cover behind which over 460,000 inactive companies have been hiding. It's not fair. It's not fair to the taxpayer who meets their obligations to the Tax Authority to have so many companies ignoring theirs, operating under the radar and carrying out all sorts of evasion and fraud schemes without proper control. We are bringing all these companies to light and requiring them, within a period of one month and three months, either to declare their activity again and operate legitimately or be dissolved, liquidated, and struck off, because we must impose order in the way we treat these companies, especially for those who behave correctly. For all companies that act correctly,' Nazare said in a video message posted on his Facebook page.The minister stressed that over 120,000 of the inactive companies have debts amounting to 3.5 billion lei, and nearly 300,000 have been inactive for over five years.'We cannot build a fair economy as long as phantom companies block the market and create unfair competition for entrepreneurs who work hard and pay their taxes on time. Therefore, in the second package of measures, we are proposing new criteria for declaring a company inactive - such as not having a bank account and failing to submit annual financial statements within the legal timeframe - as well as limiting the period during which a company can remain inactive (a maximum of one year for fiscal inactivity, and a maximum of three years for voluntary inactivity),' the minister of Finance added on the social media platform.
“Little London” Theoretical High School, a private educational institution in Romania that values the Romanian educational system, has started construction work for the expansion of its school campus located in Voluntari, on Erou Iancu Nicolae Street. This initiative will increase high school capacity by 30% starting from the 2025-2026 academic year. In this context, the […]
British heavy metal band Iron Maiden will perform at Bucharest’s National Arena on May 28, 2026, as part of their “Run For Your Lives” anniversary world tour, promoter Emagic announced on Thursday, September 18. The concert will feature a career-spanning setlist highlighting defining moments from the group’s five-decade history, accompanied by what organizers described as […]
Three-quarters of Romanians believe that the war in Ukraine affects Romania to a very great and fairly great extent, according to the third edition of the Informat.ro barometer by INSCOP Research, carried out between September 1 and 9. The monthly survey, which aims to bring to public attention topics of interest, shows that “opinions are […]
Daniela Schoppmeyer, the majority shareholder and general manager of Faberrom, a company that took over in the 1990s most of the spaces of the former APACA clothing factory in western Bucharest, is the new owner of half of the emblematic Scala residential block, on Magheru Boulevard, Profit.ro reported. Schoppmeyer...
The Bucharest Municipal Parking Company (CMPB) inaugurated 189 new parking facilities with more than 12,400 spaces in the first half of 2025, while revenues from parking fees rose 20% year-on-year to RON 50.4 million (roughly EUR 10 million), the company said on Thursday, September 18. CMPB reported a net profit of RON 28.3 million for January–June […]
Romania has inaugurated underwater seagrass meadows and artificial reefs in the Black Sea as part of a major restoration project aimed at curbing erosion and reviving marine biodiversity, the National Administration “Apele Române” said. More than 20 hectares of seabed have already been planted with Zostera noltii seagrass and transplanted with Cystoseira barbata seaweed, creating […]
