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August brings measures with impact on Romanians’ financial possibilities: Higher salaries for state employees and 9 percent VAT in agriculture

August 1, 2016

Starting at August 1, several measures with impact on Romanians’ financial possibilities came into force. The state employees’ salaries will grow, meaning that almost 650,000 Romanian people will receive more money from September. VAT decreases to 9 percent in agriculture. The form based on which companies deduct VAT will change. By the end of the […]

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Romanian president Nicușor Dan courts Austrian business sector at Salzburg Industrialists' Summit

President Nicușor Dan, in office for roughly three months, attended the Salzburg Industrialists' Summit, the most important reunion of the Austrian business community, urging them to invest in Romania. Specifically, the president emphasized the strategic opportunities in the defense, energy, infrastructure, and logistics sectors. “Romania is significantly expanding its defense industry. Our sector offers real […]

Romanian deputy prime minister embroiled in controversy after one of his companies paid bribes to ANAF inspector

A scandal broke out on Friday, July 25, after it was made public that deputy prime minister Dragoș Anastasiu was a witness in an older corruption case involving one of his companies. The company, Eurolines, paid bribes for eight years to a financial inspector from Romania’s tax agency ANAF.  Records from the Anti-Corruption Directorate show that between […]

Romanian deputy prime minister embroiled in controversy after one of his companies paid 'protection tax' to ANAF inspector

A scandal broke out on Friday, July 25, after it was made public that deputy prime minister Dragoș Anastasiu was a witness in an older corruption case involving one of his companies. The company, Eurolines, paid bribes for eight years to a financial inspector from Romania’s tax agency ANAF.  Records from the Anti-Corruption Directorate show that between […]

Central Romania: Drapers’ Bastion in Brașov to be restored with EU funding

The Drapers' Bastion in Brașov, built between the years 1450–1455, will be restored with European funds. The urban landmark will become an interactive museum integrated into the tourist circuit. The rehabilitation of the Drapers' Tower will support not only tourism but also the construction sector, contributing to the economic and cultural revitalization of Brașov, according […]

Bucharest braces for sweltering weekend as code-red heat alert issued for southern Romania

The National Meteorological Administration (ANM) has issued a code-red warning for persistent and intense heat from July 26, 10:00 AM to July 27, 10:00 AM for the regions of Banat, Oltenia, most of Muntenia, and southern continental Dobrogea. Day temperatures are expected to reach between 39 and 43 degrees Celsius, while the temperature-humidity index is […]

Jazz Bastion: Brașov landmark to host jazz concerts next month

The fifth edition of Jazz Bastion will bring three concerts to the Weavers' Bastion in Brașov, featuring musicians from Romania, Ireland, and Switzerland. This year's edition "highlights the cultural diversity of music, which always brings together artists and audiences alike, regardless of language, nationality or affinities," the organizers explained. The public can attend performances by […]