Measures to cap energy, food and third-party liability insurance policy - RCA prices do not solve the fundamental problems, but are a short-term "band-aid" that creates distortions on the respective markets, according to Radu Burnete, director of the Concordia Employers' Confederation.In his opinion, we must return to competitive markets, where prices are given by supply and demand.According to a press release the employers' association sent to AGERPRES on Tuesday, Concordia representatives participated in consultations on Monday with Prime Minister Marcel Ciolacu and members of the Government on several issues of major interest, such as fiscal consolidation in the short and long term. The meeting also discussed important measures for the business environment.The prime minister outlined the government's plans to bring the public deficit under control. Concordia representatives expressed concern about the dynamics of this plan and the risk of generating new taxes.According to the quoted source, the PM has given firm assurances, as he has done publicly lately, that there will be no tax increases and that the deficit will be kept under control by cutting spending.Concordia is a strong supporter of the National Agency for Fiscal Administration (ANAF), as an essential tool to reduce tax evasion and bureaucracy, the press release said.Other topics on the agenda of the Concordia delegation's meeting with members of the Government were: unannounced road closures, implementation of the minimum wage directive, Inspectorate for Emergency Situations (ISU) authorisations, tax credit for Research and Development, consumer protection, updating of tourism legislation and the Guarantee-Return System (SGR).
Unilever has announced the appointment of Irina Urechean as the new General Manager of its Ice Cream Division for Romania and Moldova, effective January 2025. In her new role, Urechean will be responsible for driving the growth and development of the division, focusing on portfolio expansion, innovation, and market leadership. With a career at Unilever […]
Premier Energy Group (BVB: PE), a leading energy provider in Southeast Europe and a listed company on the Bucharest Stock Exchange reports strong growth across its operations in 2024, with preliminary figures showing normalized revenue of EUR 1,263 million, marking a 45% year-over-year increase, and normalized EBITDA of EUR 103 million, up 14% compared to […]
Cristian Măcelaru will conduct the opening concert of the anniversary edition of the George Enescu International Festival, one of the world’s most prestigious classical music events, taking place from August 24 to September 21. The Romanian conductor will lead the George Enescu Philharmonic Orchestra and Choir at the inaugural performance at Sala Palatului in Bucharest, […]
Bucharest's Știrbei Palace is set to become Romania's first high-end retail destination, with Hagag Development Europe announcing its reopening for the second half of 2025. The building on Calea Victoriei will host some of the world's most prestigious brands, the developer said. Fashion houses such as Dior, Saint Laurent, Celine, Valentino Garavani, and Hermes will […]
Interim president Ilie Bolojan said on social media that Romania is a committed and reliable ally, after US president Donald Trump halted all military aid to Ukraine on Tuesday, February 4. Trump’s decision comes after a series of meetings at the White House with top national security officials in the aftermath of the disastrous public […]
Guest writer Henry Páll Wulff shares an ample overview of the top challenges Romania is facing and the potential solutions that local policymakers should consider. A captivating read, this opinion article shows what Romania can learn from countries such as France, Germany, Denmark, Finland, Canada, Costa Rica, and Bhutan. As Romania embarks on a new […]
