Significant steps have been taken by Romania to complete the process initiated in view of taking into account the recommendations of the Venice Commission on the justice laws, but there have been no steps to enhance the independent governance and editorial independence of public service media, and political pressure on editorial independence affects journalists' work, according to the European Commission's 2025 Rule of Law Report, country chapter on the rule of law situation in Romania, released on Tuesday.Legislative unpredictability, the frequent use of government emergency ordinances, problems with the quality of legislation and regulatory burden, remain primary concerns for businesses and civil society organisations.The commission recommends Romania, among other things, to take forward legislative steps to strengthen safeguards to ensure the independence of high-ranking prosecutors and for the organisation and functioning of the judicial police; to take measures to ensure efficient investigation and prosecution of criminal offences in the judiciary, including as regards corruption offences, and also to introduce rules on lobbying for Members of Parliament and ensure the effectiveness of the asset declaration system.
The gross income of employees who worked full-time under a labour contract and were paid for the entire month of October 2024 was RON 8,374, more than a quarter above the basic gross salary of RON 6,553, according to data from the National Institute of Statistics (INS) published on Friday.Around 40% of these employees earned […]
Over 31,600 building permits for residential properties were issued in the first ten months of this year, up 4.1% compared with the same period last year, according to data from the National Institute of Statistics (INS) published on Friday.Increases were recorded in all development regions: West (+297 permits), Centre (+235), North-West (+192), North-East (+134), South-East […]
VAT revenues increased in the third quarter of this year by 6.74 billion lei compared to the same period last year, totaling 35.48 billion RON, out of a total of 94.75 billion RON for the first nine months of 2025, according to data transmitted on Monday by the Ministry of Finance.Of the amount of 6.74 […]
Banca Comerciala Romana (BCR) listed on Friday a new bond issue on the Regulated Market of the Bucharest Stock Exchange (BVB), worth 1.12 billion RON, the BVB said in a release.This is the 11th bond issue listed by BCR on the Stock Exchange to date, bringing the total value of BCR's listed bonds close to […]
Romania's insurance sector is strengthening its performance against the backdrop of a dynamic market undergoing significant structural transformation, according to a new study on developments in the insurance markets of Central and Eastern Europe, conducted by a consultancy firm in partnership with a research provider."Romania stands out as one of the most dynamic insurance […]
The minimum turnover tax is a barrier to investment, and in a period when the private sector is undergoing restructuring and layoffs, it adds additional pressure on companies, according to a letter signed by 14 investor organizations that once again request the elimination of the minimum tax."In view of the discussions on the construction […]
