Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. CONAF: Fiscal Code underwent 78 changes in first...

CONAF: Fiscal Code underwent 78 changes in first 9 months, most SME write-offs in 2024

November 28, 2024

The Fiscal Code underwent 78 changes in the first nine months of the year, and from here you can draw your own conclusions about how quickly an entrepreneur can adapt, said on Wednesday, the president of the National Confederation of Women's Entrepreneurship (CONAF), Cristina Chiriac. "I listened very carefully to what was discussed before, I can tell you how the Romanian economy looks, from the perspective of a representative of the business environment. I will tell you that, in 2024, we had 78 changes to the Fiscal Code, in the first nine months. From here you can draw your own conclusions about how quickly an entrepreneur can adapt in terms of not only fiscal changes, because they also have social repercussions, in the area of competitiveness, etc. Then, I will tell you that In this economic spectrum, SMEs, from our point of view, represent the backbone of the Romanian economy, and I will give you some figures of employees, while we have 3.1 million employees in the SME sector. Calculate how big the impact is when we refer to the frequency with which the minimum wage changes, practically over a million of Romanian employees have guaranteed minimum incomes. It is clear that there is concern in the area of the business environment, because we are looking very carefully at what the budget deficit means. We notice that this is among the largest in the European Union and there are only a few countries that surpass us," stated Chiriac, at the "Competition in key sectors" conference.In the view of the CONAF representative, Romania and Europe, in particular, face extremely low competitiveness."If we keep looking at the SME market, I will tell you that this year saw the most write-offs, terminations of activity and suspensions of activities in the last five years. This means a very low resilience, in especially in the area of micro-enterprises, to adapt to negative equity. These things are not due, for example, to inflation, one of the highest in the European Union, but to the fact that there were many external factors that negatively impacted their economic activity Here I am referring to the impact of prices on the energy sector, where we are looking extremely carefully, knowing that, from March or April, this ceiling may change. We are facing an area of extremely low competitiveness and we cannot ignore what is happening in Germany, where at the last exhibition fair attended by Romanian entrepreneurs, in September, more than 70% of the exhibitors were from China, something that we also feel in Romania," said the CONAF chairwoman.  

Read in full - click here
SCUT brings a unified vision on digital protection - a cybersecurity architecture that eliminates fragmentation between systems

SCUT, Romania’s newest cybersecurity company, has officially launched the concept of the digital cyber shield — a unified approach, co-created with Orange Cyberdefense — that provides a high level of protection, complete visibility, and coordinated assistance in the event of a cyberattack. The event, organized in Bucharest, brought together industry experts, partners of the new […]

Romanian engineering company Simtel to open factory for industrial cleaning robots

The Romanian engineering and technology company Simtel (BVB: SMTL) announced on Tuesday, October 14, that one of its companies will open a factory in Băicoi, Prahova, to produce industrial cleaning robots. Simtel has a 51% stake in Agora Robotics, the company that will operate the factory set to open in November. “We already have a […]

Over 50 NGOs call on Bucharest city officials to increase fines for illegal deforestation

Over 50 civic and environmental organizations are calling on the General Council of the Municipality of Bucharest to increase fines for illegal deforestation. At the moment, the fine for the illegal cutting of a tree is only RON 50 (EUR 10), or even RON 25 (EUR 5) if paid within 15 days. The organizations have […]

Study: Nearly 7 in 10 Romanians say job impacts wellbeing, only 37% receive extra benefits

Nearly seven out of ten Romanian employees say their job negatively impacts their overall wellbeing, while only 37% receive any form of non-wage benefits, according to a new study conducted by Reveal Marketing Research in partnership with Up Romania. The research explored how Romanians define complete wellbeing, or “Wellbeing 360°,” and what factors most influence […]

Romanian far-right politician Călin Georgescu accuses president Nicușor Dan of pressuring judges

Former presidential candidate Călin Georgescu asked the Supreme Council of Magistracy (CSM) to take measures against president Nicușor Dan for allegedly pressuring judges and interfering in the justice system, G4media.ro reported. The far-right...

Endava signs framework agreement to help migrate public services to Romania’s Government Cloud

Technology company Endava has signed a framework agreement with Romania’s Authority for Digitalization (ADR) to support the migration of at least 30 government applications to the new Government Private Cloud, a project funded through the National Recovery and Resilience Plan (PNRR).  The collaboration marks a major step in Romania’s digital transformation strategy, aimed at creating […]