Fiscal measures like taxes on business figures will be found in prices, having an effect similar to VAT increase, says Dragos Anastasiu, president of Rethink Romania, at the 11th edition of the European business forum in Romania – Eurosfat, and event organized by Europuls- the European Expert Center. Anastasiu said that fiscal measures were adopted starting from the idea that if we do not take action, we will no longer receive 75 billion euros, but he thinks that Romania will get European money if the country is able to absorb European money. On the other hand, he declared that Romania must have structural reforms because it has a faulty general fiscal frame. Anastasiu considers this fiscal package addresses causes only partially and is trying to fill some holes, but these changes cannot be made overnight because it would leave in offside the whole business environment. He also spoke about the lack of equity, mentioning that it comes from three areas: the comparison between the budget sector and business, the latter suffering during the pandemic ; the inequity between various areas of the private environment, fiscal evasion – the biggest inequity towards companies which function correctly. Anastasiu gave as example tourism, a sector in which he works. He said he had an investment in the Danube Delta, in Sfantu Gheorghe and pointed out that his company was controlled by the authorities, while others were not because they did not have a functioning license.
Romanian prime minister Ilie Bolojan stated during an interview on Wednesday, December 17, that there should be no statute of limitations in cases of serious corruption. The statement comes after a Recorder investigation, which showed that several heads of the major institutions in the Romanian justice system allegedly delayed trials for years until wrongdoings were […]
President Nicușor Dan has challenged, before the Constitutional Court (CCR), the constitutionality of the law that requires that at least 40% of the athletes who play on a team in official national competitions be Romanian. Dan noted that the law violates the principle of non-discrimination and the free movement of workers, enshrined both in the […]
Craiova International Airport will open its new passenger terminal on Thursday, December 18, completing a major infrastructure investment aimed at significantly expanding capacity and improving air connectivity in southwestern Romania. It is part of a broader expansion and modernization project financed through the Large Infrastructure Operational Programme (POIM) 2014–2020, with a total value exceeding EUR […]
Romania is set to be connected to the Western European energy network thanks to grid investments worth EUR 30 billion. The funds will be provided by the EU by 2035, and the project will link Romania to Hungary and Austria in a joint project. Romanian energy minister Bogdan Ivan signaled the signing of the new […]
Franck Bagouet has been appointed managing director of TotalEnergies Marketing Romania SA and managing director of Automotive Southeast Europe Hub TotalEnergies Marketing. He succeeds Didier Grimault, who has accepted a new position within the TotalEnergies company. “I am glad to join this dynamic affiliate and confident that, together with our talented team, we will reinforce […]
Databricks, the data analytics and artificial intelligence company co-founded by Romanian professors Ion Stoica and Matei Zaharia, announced on Tuesday, December 16, that it is raising USD 4 billion in funding at a valuation of USD 134 billion, according to CNBC. The new valuation represents a 34% increase compared to the August round, when Databricks […]
