* Romanian President, Prime Minister and Central Bank Governor decide to set up committee to coordinate the process of adopting the Euro Capitalizing on all political forces, on the business environment and on civil society in order to achieve Romania’s Euro Zone accession becomes Romania’s main national project. A goal that our country needed [...]
All the 12 chapters under assessment as part of the OECD membership negotiations have been successfully completed in 2024, announced on February 6, Luca Niculescu, State Secretary at the Ministry of Foreign Affairs and National Coordinator for Romania's accession process to the OECD. "I was happy to learn today that we have successfully completed all […]
Minister of investments and European projects Marcel Bolos admits that the disbursement of loans and grants related to the third request under the Resilience facility (EUR 3 billion) is at risk due to the Constitutional Court’s ruling on the so-called special pensions (the country pledged to alleviate their macroeconomic impact) and government’s failure to appoint […]
The flat tax rate contributed to an additional increase in GDP per capita, had a positive impact on broadening the middle class, and reduced tax evasion – which led to a more equitable distribution of income, according to a report conducted by ASE at the request of...
Finance minister Tanczos Barna denied rumors related to tax rate hikes or other austerity measures suggested by the expert team of the International Monetary Fund (IMF) currently (February 3-7) in Romania under a 'routine' visit to assess the country's economy, Hotnews.ro...
Retail sales in Romania surged by 8.6% y/y in 2024 in volume terms, driven by the double-digit (+14.8% y/y) rise in non-food sales, according to data published by the statistics office INS. The private consumption was driven up by the 7.6% y/y rise in the real net wage and the unusually sharp rise in the […]
The Romanian Athenaeum, one of Bucharest's most iconic landmarks, is set to house a bookstore and a café, following public auctions organized for leasing the spaces, Profit.ro reported. The building's inventory value has also been updated to over EUR 36 million, according to official...
