Overlapping the vote on the special pensions for lawmakers and the shepherds’ protests, President Klaus Iohannis’ speech last week has somehow marked the year’s end and a review whose connotation, apart from the intended one – that of a review of the first year in office -, brought to light a number of extremely important […]
The four parties seeking a new ruling coalition in Romania have nominated candidates over the weekend for the ministries they are supposed to oversee, while a final agreement on the coalition's protocol is expected to be sealed on June 23. Some of the candidates proposed by parties have already prompted criticism, while prime minister-designate Ilie […]
The Romanian government has published a draft decision approving a strategic programme for the development and modernisation of Bucharest Băneasa – Aurel Vlaicu International Airport (AIBB-AV) covering the 2025–2035 period, Agerpres reported on June 20. The...
Romanian furniture manufacturer Taparo, a key supplier to IKEA and major European retailers, is nearing bankruptcy after its judicial administrator formally requested the Maramureş Court to initiate bankruptcy proceedings, citing the full cessation of the company’s operations. The request, filed on May 29, was recorded in the Insolvency Proceedings Bulletin,
Romania will maintain its standard VAT rate at 19% but will eliminate most preferential VAT rates beginning in August, retaining reduced rates only for food and medicines, Digi24 reported on June 20, citing sources close to the negotiations between president...
In a recommendation to be published on June 23 and proposed for endorsement in the July 8 meeting of the Economic and Financial Affairs Council (ECOFIN), the European Commission sets an updated fiscal consolidation trajectory for Romania, sets October 15 as a deadline for the annual update under the Excessive Deficit Procedure (EDP), and requires […]
The Economic and Financial Affairs Council (ECOFIN) on June 20 adopted a new decision establishing that Romania has not taken effective action in response to Council recommendations in the context of the Excessive Deficit Procedure. No further action was taken yet, however. Specifically, Romania failed to observe ECOFIN’s January 21 recommendation, which stipulated that the […]
