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 Titan Heavy Machinery (Mașini Grele) industrial platform in Bucharest’s District 3 will be put up for public auction, as part of the insolvency procedure, with a starting price of EUR 16 million. The assets include a 47,286 sqm plot of land, industrial halls with a total area of 34,870 sqm, an office building (Basement […]
Railway unions in Romania criticized the government’s plans to cut costs for the national railway operator, CFR, in a press release published on Wednesday, July 23. They say that low investments in rail infrastructure have lowered the average speed at which passenger trains travel to 44 km/h, while freight trains do not exceed 17 km/h. […]
A video mapping show is scheduled to take place this Friday, July 25, at Cinema Marconi, a former cinema hall in Bucharest which has been lying in ruins for years. The building is located at the intersection of Calea Griviței and Atelierului Street, in the city's historical Buzești-Berzei area. The event, organized by the non-profit Arcen, will […]
Roughly 69% of respondents to the Voice of the Consumer 2025 survey conducted by PwC Romania use apps or smart devices, which have influenced their daily habits, with a third even stating that they have significantly changed their lifestyle. The use of health monitoring devices, such as smartwatches or glucose monitors, shows that Romanians are […]
The Oradea Pride March will take place, even though Oradea City Hall has "banned" the event, according to the organizers, the ARK Oradea Association. Oradea City Hall denied ARK’s request to hold the march, citing public works and other public gatherings on each of the 11 proposed routes. No alternative routes were proposed, but the […]
Romania and Poland stand out as the most pet-loving countries in Europe, with high percentages of ownership for both cats and dogs. Romania ranks first for cats and third for dogs, while Poland ranks second in both categories, according to an analysis by Swedish website for feline lovers Kattly, cited by Reuters. The analysis shows […]
