ArcaBoard, an electric powered flying machine, was officially launched on Thursday by ARCA Space; the machine having a retail price of 19,900 US dollars is available for order, and shipments will start on April 15, 2015. “For the first time in history, every person will be able to fly whenever they want, wherever they want. […]
Romania’s planned increase in the dividend tax rate from 10% to 16% is expected to generate RON 3.6 billion (EUR 720 million) in annual revenues, finance minister Alexandru Nazare said on June 23 following his hearing before the expert committee in Parliament. “Yes, it is an annualised amount for next year, with an impact of […]
Romania’s new government, backed by the four pro-Western parties in Parliament holding a majority of 65%, has not published its ruling strategy, while versions of it have leaked to the media, providing a broad image but not very specific details. Notably, the strategy is expected to incorporate the elements outlined in the updated fiscal plan […]
Romania's new government, headed by prime minister Ilie Bolojan and backed by the four pro-Western parties in Parliament, was endorsed with a majority of 65% of the votes (301 of 465 MPs) and already held its first meeting on Monday, June 23, according to Hotnews.ro. The endorsement...
The European Bank for Reconstruction and Development (EBRD) announced on June 23 that it has received "multiple binding offers" for the acquisition of Giurgiulesti International Free Port (PILG), Moldova's main port. Romanian and Bulgarian ports have expressed their interest in PILG in the past,...
OMV Petrom (BVB: SNP), the largest integrated energy producer in South-Eastern Europe, announced it has entered into a partnership with renewable energy company Enery to jointly develop a 400 MW photovoltaic project in Byala Slatina, near Sofia, Bulgaria. The project is estimated to cost EUR 200 million, the company confirmed on June 24. As part […]
The number of micro-enterprises in Romania has dropped significantly to 326,461 in 2024 from a peak of over nearly 900,000 in 2022, according to Profit.ro. The decline follows successive tax regime restrictions...
