Under a recent amendment to Government Emergency Ordinance (OUG) 194/2002 on foreigners in Romania, the deadline for foreign nationals applying for a long-stay visa for employment in Romania has been extended from 60 to 180 days of the date the employer get the employment permit."On May 5, Government Emergency Ordinance (OUG) 59/2022 amending legislation regarding foreigners in Romania entered into force. Thus, amendments were made to OG 25/2014 on the employment and secondment of foreigners in Romania to create the option of submitting applications for the issuance of employment/secondment approvals by all local immigration office," the General Immigration Inspectorate (IGI) reported on Friday.On May 5, OUG 59 of May 4, 2022 amending legislation regarding foreigners in Romania was published in Official Journal 450/2022. The ordinance facilitates the issuance of employment/secondment approvals and visas for work purposes and allow the hiring in a shorter time of foreign workers as part of the contingent of new foreign workers admitted to the labour market in Romania."Lifting the COVID-19 pandemic restrictions in Romania has led to an increase in the number of applications for the issuance of employment/secondment approvals, which made it impossible for the immigration offices to satisfactorily manage the applications submitted. At the same time, in the current year, under OG 132/2022 establishing a quota of newly admitted foreign workers on the labor market in 2022, a contingent of 100,000 newly admitted foreign workers was established, up 100% over the previous year."The provisions in the new piece of legislation are designed to streamline the application management by creating a unitary workflow nationwide, thus contributing to the support of foreign citizens gainfully employed and for employers hiring newly admitted foreign workers, shortening the waiting times for submitting applications and getting to work in a shorter time.
Romania registers one of the highest shares in Europe of people aged over 16 with disabilities who are at risk of poverty or social exclusion, according to Eurostat data processed by Monitorul Social, a project of Friedrich-Ebert-Stiftung Romania. A total of 38.4% of people with disabilities in the country were at risk of poverty or […]
New research by Revolut Business among 150 Romanian business decision-makers (CEOs, CFOs, and COOs) revealed that local companies prefer to invest their money in modernizing their IT infrastructure and automating outdated systems rather than in artificial intelligence. When asked where the largest budget increase will go this year, ‘modernizing IT infrastructure and cloud migration’ takes […]
Romania’s modern retail market surpassed the 5 million sqm threshold in 2025, following the delivery of around 190,000 sqm of new retail space, about 20% above the average of the past five years, according to an annual report by Colliers. Despite a more moderate economic backdrop, 2026 is expected to bring roughly 240,000 sqm of […]
Romanian business leaders remain optimistic for 2026, with 86% of C-suite executives surveyed in Forvis Mazars's C-suite barometer: outlook 2026 expecting growth. This is slightly below the 92% reported globally and down from 90% in 2025. While confidence is strong locally, Romanian executives are more cautious than their global peers, reflecting the region's economic and […]
As one of the largest economies in the world, Germany is without a doubt one of the best countries to do business in. Economic stability, excellent infrastructure, and trade cooperation with nations worldwide are some of the reasons to launch a company here; however, they are not the only ones. What makes Germany appealing for […]
One United Properties (BVB: ONE) recorded total residential sales and pre-sales of EUR 174.1 million in 2025, corresponding to 57,018 sqm of residential and commercial spaces. These results reflect the sale and pre-sale of 577 apartments and commercial units, as well as 768 parking spaces, and represent a 18% price increase. The 18% increase in […]
