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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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Michelle Obama speaks about leadership, facing challenges at event in Bucharest

Former US first lady Michelle Obama, the wife of Barack Obama, was in Bucharest on Thursday, September 18, to serve as the main guest at the second edition of the Impact Bucharest series of conferences. The former first lady spent about an hour in front of a large audience, speaking about her childhood in a […]

Czech president Petr Pavel spotted on holiday in Romania

Czech president Petr Pavel spent a few days in Romania at the beginning of September while on holiday. According to statement by the Romanian Embassy in Prague, the Czech leader traveled mountain routes by motorcycle and chose modest accommodations.  Pavel tried to see as much of what Romania had to offer. He planned his routes, […]

CES ESG Conference: Romania Accelerates Green Transition Through Sovereign Bonds, Local Investments or Public‑Private Partnerships

Romania is taking tangible action toward its green transition through sustainable infrastructure projects, public‑private partnerships and green bonds. Experts, government officials and business leaders have gathered today at the CES Bucharest ESG Conference, to present progress and identify solutions through which the public and private sectors can collaborate to build a sustainable and competitive economy. […]

Romanian prime minister Ilie Bolojan to meet with three European commissioners in Brussels

Prime minister Ilie Bolojan announced that he will visit Brussels next week to talk to three European commissioners about deficits, defense, and EU financing.  The first meeting will be with the commissioner for economy, Valdis Dombrovskis, as Romania “must adjust the issues related to deficits to be a trustworthy country, so as not to continue […]

Survey: 85% of Romanians know of George Enescu, but awareness falls among young people

A large majority of Romanians, namely 85%, have heard of celebrated composer George Enescu, according to the third edition of the Informat.ro – INSCOP Research Barometer conducted earlier this month. However, the survey shows a slight decline in cultural awareness compared to 2013, particularly among younger generations. The

Romania registers USD 7.7 bln deficit in trade with China in 2024

The volume of trade between Romania and China was almost USD 9.3 billion in 2024, according to official statistics. Trade between the two, however, is not balanced. Romania registered a USD 7.7 billion deficit with China, and a USD 2.1 billion deficit in the first quarter of 2025 as well.  The People’s Republic of China […]