The American Chamber of Commerce in Romania mentions the worries of the business community it represents about the intention of the ruling coalition to increase the fiscal burden for large companies in Romania, at a moment when the investment and business climate has already been affected by many crises, according to a press release issued on Tuesday. In the opinion of AmCham representatives, the lack of predictability and the increase of instability through unexpected measures discourages investments and the companies' intentions for the Romanian market, the average and long term negative impact exceeding short term gains. In the outlook of AmCham, the import of measures applied in other countries do not guarantee their applicability to Romania's economy. So the practice of transferring budget pressure to the private environment overnight , without prior consulting, without a real impact study, without an analysis of compatibility with European law proved to be counter productive. According to AmCham representatives, overnight measures led to state budget losses, contrary to paper calculations that showed income increases. AmCham Romania makes appeal to giving up this measure and orienting government agenda to sustainable, responsible policies, which should contribute to the consolidation of investment rating and attracting investments. At the same time, AmCham Romania reiterates the need for honest dialogue and partnership between the private and public environments and expresses the availability and engagement to participate in real, transparent, substantial consulting on Romania's fiscal policy. At present, the over 470 American, multinational and Romanian companies, members of AmCham Romania community, make possible the AmCham involvement in promoting economic priorities for many activity domains, through specialized work groups such as: Stock Markets and Financial Services, Corporate Governing, Competition and State Aid, Energy, Education, Digital Economy, Fiscality, Environment, Labor Market, Health, European Funds, Public Purchases and Public-Private Partnership, Real Estate and Tourism.
Interim president Ilie Bolojan has convened the Supreme Council of National Defense on Wednesday, April 30, to discuss essential defense topics such as Romania’s participation in the ReArm Europe Plan/Readiness 2030, the draft Law on National Defense of Romania, and the National Plan on Military Mobility. Other topics concern the draft Law on certain measures […]
The photography exhibition World Unseen, which allows both blind and sighted visitors to experience images through touch and sound, is opening its doors in Iași after attracting over 100,000 visitors in Bucharest. Hosted at the Palace of Culture, the exhibition will be on display from April 29 to July 29. Organized by Canon Romania in […]
Brașov-Ghimbav International Airport in central Romania recorded a total of 56,897 passengers in the first quarter of this year, more than double the number from the same period in 2024, when 27,885 travelers were registered. According to statistics published by the Romanian Airports Association, the Brașov-Ghimbav Airport has returned to 9th place in the national […]
DAAS Epta Romania, part of the international Epta group, is set to open the first Training Center for refrigeration technicians in the country with an EUR 500,000 investment. The company also announced the accelerated expansion of the remote monitoring service center, or TLM. The Training Center is a pilot project developed based on the model […]
Knauf Insulation, part of the Knauf Group, has invested EUR 140 mln in state-of-the-art production facilities and brought together world-class expertise to transform the Târnăveni plant in Romania into the most technologically advanced facility in Central Eastern Europe. Industrial services provider Bilfinger has played a significant role in the project by undertaking a comprehensive range […]
The seventh edition of Neversea, one of Europe’s largest beach music festivals, will not take place in 2025, the organizers announced. The event is now scheduled to return in 2026 in Constanța, Romania, after challenges in securing a suitable beach venue. Organizers from Untold Universe explained in a press release that they were unable to […]
