Members of Concordia Patrons Confederacy express their hope that the political crisis crossed by Romania should end as soon as possible. “Citizens' expectations, also shared by businessmen, are that their representatives in Romania's Parliament and Government should place on a secondary level party problems and immediate political agendas when social and economic matters with major impact on people' s lives claim unity and collaboration. Only thus we can, together, citizens, authorities and businessmen, succeed in taking advantage of the economic growth we experience to build a sustainable and productive national and European future”, wrote the Concordia members in an open letter sent to the Presidential Administration and parliamentary parties. Stability and predictability are key elements of investment decisions, and an extended political crisis could affect even projects being implemented. Such a crisis comes to add to the uncertainty created by the pandemic. “Concordia members appeal to all political leaders to find the quickest way of reaching a common denominators which should ensure Romania's well being and that of its citizens, as well as their confidence that their primary, social and economic interests are above immediate political calculations,” the letter reads. Concordia represents 15 of the most important sectors of the national economy and is a social dialogue partner, representative at national level. With a total of over 350,000 employees in over 2,000 big and small firms, with foreign and local capital, Concordia is the only organization in Romania member of BusinessEurope, the International Organization of Employers and Business at OECD.
Romania’s profit share, defined as the proportion of value added distributed by non-financial corporations to capital rather than labour, fell for the second consecutive year to 48.1% in 2024, Eurostat reported on December 7. The ratio was 40.0% on average in the European Union, with below-average ratios in more developed countries such as France (32.2%) […]
The pension law "brutally violates the independence of the judiciary" and "de facto eliminates the service pension for magistrates," according to the reasoning published by the High Court (ICCJ) along with its decision to refer the magistrates' pensions law to the Constitutional Court, Ziarul Financiar reported. ...
The Romanian state, in a document on December 5, expressed its intention to take full control of the National Airports Company of Bucharest (CNAB), which operates Otopeni Airport and Baneasa Airport, where the minority shareholder Fondul Proprietatea has a 20% stake, Ziarul Financiar reported. The...
Romania's Interministerial Committee for Supporting the Implementation of Reform 9 (CNR9), led by deputy prime minister Oana Gheorghiu, has selected 17 state-owned enterprises from a total of about 1,500 to undergo initial screening ahead of potential restructuring or liquidation. The decision marks the first stage of a wider overhaul programme announced by prime minister Ilie […]
The retail sales volume index in Romania recovered for the second consecutive month in October, when it increased by 0.9% m/m after the 1.3% m/m advance in September – but it was far from fully recovering the 4.0% m/m plunge seen in August as an effect of higher VAT rate enforcement amid already negative consumer […]
Romania’s total market production index (TMPI), a composite indicator compiled by Eurostat that combines four short-term business statistics indicators covering most of the market economy, increased by 4.2% y/y in Q3 - the sharpest rise in seven quarters (+0.3% y/y in Q2) and twice the 2.1% average advance in the European Union. The seasonally-adjusted index […]
