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.
The City Hall of Brașov, a popular mountain resort in central Romania, announced that the narrow Strada Sforii (Rope Street), one of the city's best-known tourist attractions, will be temporarily closed. The authorities cited urgent public safety concerns after experts warned that crumbling plaster from nearby buildings poses a risk to visitors. Mayor George Scripcaru […]
The incoming US ambassador to Romania, Darryl Nirenberg, appeared before the Foreign Affairs Committee in the US Congress on Thursday, November 19, as part of the process of confirming his nomination. During his statements, Nirenberg said that “America’s relationship with Romania has grown into a stable and strategic alliance with cooperation across a range of […]
Train ticket prices will rise by nearly 10% starting December 14, when the new 2025–2026 railway timetable comes into effect in Romania, officials confirmed on Wednesday, as reported by Agerpres. The increase of 9.88% reflects the annual inflation index published by the National Institute of Statistics (INS), in line with...
The Romanian IT sector recorded the largest salary increases in 2025, of approximately 11% compared to last year, although the beginning of the year came with the elimination of the tax facilities, according to Salario data, the comparison tool used by recruitment website eJobs. As such, IT remains the sector that pays best at the […]
Deputy prime minister Oana Gheorghiu will lead a working group tasked with reforming Romania's loss-making state-owned companies, prime minister Ilie Bolojan said in an interview with ProTV, as reported by G4media.ro. Her predecessor, Dragos Anastasiu,
Romanian prime minister Ilie Bolojan, on November 19, in an interview given to ProTV and quoted by Hotnews.ro, explained that the pension-wage cumulation ban will apply only to the so-called special pensions, namely those not based on past contributions, as opposed to all pensions as implied by Social Democrat (PSD) labour...
