Romania will be closed for new investments as no investor will accept to invest in a country where he has to pay taxes before recovering his losses, stated on Wednesday Gabriel Biris, partner with Biris Goran, at the digital professional debate:’ What have we got out of it? The effects of the fiscal measures package on the economy’, organized by the Coalition for Freedom of Commerce and Communication. He stated that the situation was created as a result of the fact that ‘the budget for 2023 was wrong’ and the Ministry of Finance’ inflated revenues and committed expenditures’ but the revenues were not realized.According to Biris, the measures affecting the Fiscal Code could be divided in two, namely measures coming in an area of normality and measures with negative impact.‘The measures in the Fiscal Code, I would divide them in two categories. I will start with the less damaging, those I consider in an area of normality, namely the changes for microenterprises and some changes as regards the basis for calculating social security contributions for self-employed persons’ said Gabriel Biris.On the other hand, he stated that there are toxic changes, mentioning turnover tax, saying that it is an income tax.Similarly, he referred to supplementary taxation of 2% for the banks, saying that it will affect the health of the banking system. At the same time, he mentioned the supplementary tax for the oil and gas industry, measure which will affect Romgaz, Petrom and Black Sea Oil&Gas.
In European offices, there is a steadily growing interest in spaces that are not only beneficial to productive work but also reflect a modern approach to ergonomics and aesthetics. Romania is also part of this trend, with more and more companies investing in modern offices that combine functionality with exceptional design. In this article, we'll […]
By Ambassador Extraordinary and Plenipotentiary Permanent Representative to the Council of Europe, Dr. Ion I. Jinga Strasbourg, January 2025 Motto: “Precedents in history can furnish no other light than that of beacons, which give warning on the course to be shunned, without pointing out that which ought to be pursued.” Alexander Hamilton, Founding […]
A technical evaluation mission of the Secretariat of the Corporate Governance Committee of the Organisation for Economic Co-operation and Development (OECD) took place on January 20-23 at the General Secretariat of the Government (SGG).According to SGG, the major objective of the mission was to analyse and evaluate the implementation by Romania, as a candidate state, […]
The state budget deficit forecast for 2025 has increased to the average value of expectations of 7.3% of GDP and economic growth expectations are at the average value of 1.3%, according to the estimates of analysts from the CFA Romania Association.Public debt calculated as a percentage of GDP is expected to increase to 57% in […]
New orders in the manufacturing industry increased by 2.7%, in nominal terms, overall (domestic and foreign markets), between January 1 and November 30, 2024, compared to the same period in 2023, according to data published on Thursday by the National Institute of Statistics (INS).In the same period, the evolution of new orders in the manufacturing […]
The Élysée Treaty is the foundation of the close Franco-German friendship and the symbol of reconciliation between Germany and France after World War II, said the German ambassador in Bucharest, Peer Gebauer.The message is sent by the German diplomatic mission in the context in which Germany and France celebrate 62 years since the signing of […]
