The legislative proposal on the introduction of mandatory contribution for economic actors affects market principles and restricts the principle of free association, according to the representatives of the Foreign Investors Council (FIC)."In a difficult economic context generated by developments in the energy market, inflation and geo-political instability, the economic environment needs measures to support companies and private initiatives. The legislative proposal on the introduction of mandatory contributions for economic actors affects the market principles, as well as restricts the free association principle. The introduction of such a framework will result in the disruption of the Romanian companies' competitiveness, through a new fiscal, but also bureaucratic burden," FIC informs in a press release on the new rules for the business environment.FIC representatives point out that measures are being taken at both European and national level to support the business environment so that companies can continue their work, which ultimately contributes to the state budget and creates jobs.FIC is the association that brings together the most important investors with foreign capital in Romania, approximately 120 of the largest companies in the country with a cumulative turnover that represents a fifth of the gross domestic product and that have a significant contribution to the state budget.Also on this topic, Concordia CEO Radu Burnete said on Thursday that forcing Romanian companies to pay taxes to an organization does a disservice to the business environment because such funding can easily turn into a form of political pressure on beneficiary organization.The President of the Romanian Chamber of Commerce and Industry, Mihai Daraban, announced on Wednesday that all Romanian companies will be obliged, before submitting the balance sheet to ANAF, to pay a contribution to be included in a catalog for the promotion of Romanian companies. The obligation was included in a draft amendment to Law 335/2007, the Law on Chambers of Commerce in Romania, a bill under parliamentary debate.
The famous show "Ovo" ("egg" in Portuguese), created in 2009 by Cirque du Soleil, is scheduled for April 23–26, 2026, at BT Arena in Cluj-Napoca. So far, the classic Cirque du Soleil show has delighted over 7 million spectators in 40 different countries. Despite its age, it has been reimaged, with a new set, acrobatic […]
The state-owned group Electrica is set to list the largest green corporate bond issuance in Romania, worth EUR 500 million, on the Luxembourg and Bucharest stock exchanges. According to the company's press release, the European Investment Bank is one of the key participants in the issuance. Overall investor demand at the final price exceeded the […]
Low-cost airline Wizz Air announced a major expansion of its operations in Bucharest, adding a second aircraft to its base at Băneasa Airport starting this October. The airline will relocate nine routes from Otopeni to Băneasa, five of which will be operated exclusively from the secondary airport. At the same time, six new routes will […]
The annual inflation rate in Romania rose to 5.7% in June, up from 5.45% in May, according to data published on Friday, July 11, by the National Institute of Statistics. It is the highest level this year. The consumer price index, compared to May, was 0.45%. The inflation rate from the beginning of the year, […]
A taxi driver who refused to pick up a passenger at Bucharest’s Henri Coandă International Airport on Thursday night, citing the rule that prohibits the second car in line from leaving the queue, was fined and had his professional license suspended, according to the Romanian Police. Local news channel Digi24...
Local authorities in Buzău County, in the south-east of Romania, announced the opening for traffic of the new bridge over the Buzău River on Friday, July 11. At over 1.3 km in length, it is the second-longest road bridge in the country and is part of the Lot 1 Buzău – Vadu Pașii of the […]
