Europeans have to find out what unites them amidst leaders talking about an existential crisis of the European Union, Chairman of the Aspen Institute Romania Mircea Geoana told the opening on Thursday of the Bucharest Forum 2016 that is running till Friday under the auspices of Aspen Institute Romania. The event gathers high-ranked officials, diplomats […]
Severe weather swept through Romania on Thursday, July 17, damaging 60 localities across 14 counties and the capital, Bucharest, according to the Department for Emergency Situations (DSU). Strong winds toppled trees and tore off parts of buildings, while heavy rainfall led to flooding in multiple areas. Authorities also announced one death and two injuries following […]
Romania has come to have over 140,000 workers from outside the European Union, attracted mainly to sectors with chronic staff shortages, such as manufacturing, construction, and trade. Companies do not choose them because they are cheaper – on the contrary, the total costs can be up to 10% higher than for a Romanian worker, due […]
Romanian officials have sharply criticised the European Commission's first draft proposal for the European Union's 2028–2034 multiannual financial framework, expressing concerns over plans to merge structural funds with agricultural subsidies under a performance-based disbursement model. Member of the European Parliament Victor Negrescu and Minister of Agriculture Florin Barbu both rejected the proposal, warning that it […]
The National Agency for Fiscal Administration (ANAF) announced in a press release that it has started the procedure to verify potential profit shifting for 2,768 companies registered in Romania. Thus, between July 17 and August 29, ANAF said it is collecting information on the type and amount of companies' expenses in the period 2020–2024, in […]
Shareholders of Purcari winery (BVB: WINE) placed offers to sell 21.1% of the total number of shares to the Polish group Maspex, on the first day of the takeover bid organised by the latter for 98.4% of the winery's shares, according to
Romania's last operating fertilizers producer, Azomures, owned by Swiss Ameropa but eyed for takeover by Romgaz, resumed operation at 30% capacity after an outage of nearly one year caused by high raw material (natural gas) prices. At the beginning, the plant started producing ammonia, which is a precursor to the manufacture of complex fertilizers. Ameropa […]
