The Foreign Investors Council (FIC) welcomes the amendments to the e-VAT normative act, agreed upon with the Ministry of Finance representatives during the meeting on June 27. The modifications decided upon include: A 6-month grace period during which no penalties will be applied, and the VAT information statement will not affect the taxpayer’s tax risk. The possibility of testing the system during a 6-month pilot phase. Access to data collected from taxpayers by ANAF through the SPV. The establishment of a consultative group by the Ministry of Finance and ANAF to identify necessary adjustments for the proper functioning of e-VAT in collaboration with the business environment. FIC emphasizes that the digitalization and modernization of ANAF are essential for increasing tax collection, reducing the VAT gap, and easing the pressure on the state budget. For over a decade, FIC has contributed position papers and good practice examples to support these efforts. The digitalization measures of tax administration—such as SAF-T, e-Invoice, and e-Transport—require sustained efforts from companies. These measures demand predictability throughout the implementation process and close collaboration between the business environment and the Ministry of Finance to identify and resolve blockages. Companies expect that implementing these measures will lead to better tax collection, simplified fiscal compliance, and a reduced administrative burden. Therefore, data already collected by ANAF should be analyzed, and no additional measures should be taken that excessively burden taxpayers. Adopting good practices from other countries, which have achieved higher tax collection through digitalization and conducted studies to detect fiscal gap causes, established clear measures, and set a feasible implementation timeline, is also recommended.
Representatives of the ruling Social Democratic Party, PSD, gathered for a congress in Bucharest on Friday, November 7, to elect new leadership and to amend the party’s Statute. The only candidate for party leader is Sorin Grindeanu, who held the interim position after Marcel Ciolacu's resignation in May. In his speech at the congress, Sorin […]
The e-commerce sector recorded strong early results on Black Friday 2025, according to real-time data released on Friday, November 7, by PayU GPO Romania from its dedicated Media Center. By 14:10, the payment processor reported successful transactions totaling RON 514 million (roughly EUR 101 million). PayU said shoppers had made roughly 889,000 purchases, with around […]
Contakt Express Logistik, one of Romania’s leading retailers of mobile phone and tablet accessories, with a network of over 235 stores, is set to launch the initial public offering (IPO) between November 12 and December 3, 2025. The company offers a wide range of products, including cases, screen protectors, chargers, and gadgets, both in physical […]
Romania attracts fewer international tourists today than it did during the communist era, making it the only country in Europe in this situation, the National Association of Travel Agencies (ANAT) warned, as reported by news agency Agerpres. According to the organization, Romania received more than 3.4...
InterCapital ETF, the first international ETF provider in Romania, will launch two new exchange-traded funds on the Bucharest Stock Exchange starting November 11, 2025. The new instruments are the InterCapital CROBEX10 TR UCITS ETF, which offers exposure to the Croatian blue-chip equity market by tracking the performance of the CROBEX10tr index, and the InterCapital EUR […]
The Competition Councils of Romania, Bulgaria, and the Republic of Moldova have granted the necessary authorizations and approvals for the completion of the transaction through which Maspex Romania takes over the majority shareholding of Purcari Wineries. The Maspex Group, which has been present in Romania for nearly 30 years, became the majority shareholder of one […]
