The draft emergency order about measures to finance budget deficit is a fiscal blow applied to small and medium businesses, with negative effects on investments, jobs andeconomy, but stimulating inflation, the National Confederation for Femela Entrepreneurship (CONAF) warned in a press release on last Friday. Taxes applied to small companies should support their activity, essential in a balanced modern market economy, but the latest fiscal amendments already applied have strongly affected small businesses and suggestions on government agenda may treble the fiscal burden, says Mihaela Mitroi, Managing Partner Global Tax Avdise, fiscal consultant, the president of CONAF Bucharest branch. She considers that inflation will be a colateral consequence of this increase of fiscal pressure, since, entrepreneurs will have to make services more expensive, in order to resist in the market. Under the pressure of a higher fiscal burden, profitable small companies will reduce or even delay investments. According to her, the government agenda also includes measures discouraging multiple individual investments in several small businesses, in a taxing plan that “defies fiscal logic.” The intensification of fiscal pressure on small and medium businesses already has a negative impact on the labour force market: hiring opportunities are reduced, the number of employees dropped because companies have reduced their investments and have adjusted the needed staff, Cristina Chiriac said. CONAF is the most powerful confederation in Romania gathering the interests of entrepreneurs in the European spirit of gender and chance equality.
Representatives of the ruling Social Democratic Party, PSD, gathered for a congress in Bucharest on Friday, November 7, to elect new leadership and to amend the party’s Statute. The only candidate for party leader is Sorin Grindeanu, who held the interim position after Marcel Ciolacu's resignation in May. In his speech at the congress, Sorin […]
The e-commerce sector recorded strong early results on Black Friday 2025, according to real-time data released on Friday, November 7, by PayU GPO Romania from its dedicated Media Center. By 14:10, the payment processor reported successful transactions totaling RON 514 million (roughly EUR 101 million). PayU said shoppers had made roughly 889,000 purchases, with around […]
Contakt Express Logistik, one of Romania’s leading retailers of mobile phone and tablet accessories, with a network of over 235 stores, is set to launch the initial public offering (IPO) between November 12 and December 3, 2025. The company offers a wide range of products, including cases, screen protectors, chargers, and gadgets, both in physical […]
Romania attracts fewer international tourists today than it did during the communist era, making it the only country in Europe in this situation, the National Association of Travel Agencies (ANAT) warned, as reported by news agency Agerpres. According to the organization, Romania received more than 3.4...
InterCapital ETF, the first international ETF provider in Romania, will launch two new exchange-traded funds on the Bucharest Stock Exchange starting November 11, 2025. The new instruments are the InterCapital CROBEX10 TR UCITS ETF, which offers exposure to the Croatian blue-chip equity market by tracking the performance of the CROBEX10tr index, and the InterCapital EUR […]
The Competition Councils of Romania, Bulgaria, and the Republic of Moldova have granted the necessary authorizations and approvals for the completion of the transaction through which Maspex Romania takes over the majority shareholding of Purcari Wineries. The Maspex Group, which has been present in Romania for nearly 30 years, became the majority shareholder of one […]
