Greenpeace CEE and Fridays for Future Austria have filed a complaint with the OECD (Organization for Economic Co-operation and Development) against the Austrian oil and gas company OMV saying that the company's expansion in fossil gas activities infringe on OECD guidelines.
The complaint was filed just days before the Annual General Meeting of OMV. The company's projects fuel the climate crisis and threaten to exceed the critical 1.5-degree limit, Greenpeace says in a press...
Lia Savonea, currently serving as a judge at the High Court in Romania, is the only candidate for the top seat in the institution in a selection process initiated by the Superior Council of Magistracy four months before the end of the term currently held by Alina Corbu. The timing, the absence of other candidates, […]
The Romanian Court of Auditors has completed an audit of national electricity transmission operator Transelectrica (BVB: TEL) for the period 2020–2022, uncovering irregularities in salary payments and delays in infrastructure projects, Ziarul Financiar reported on June 17. According to the audit...
Turkish construction and infrastructure company CCN has been awarded the contract to build the Regional Emergency Hospital in Iași, following a re-evaluation of bids by Romania’s National Agency for Health Infrastructure Development (ANDIS),
Auto parts manufacturer Forvia, the group formed by the merger of Faurecia and Hella, is closing its development center in Iași, northeastern Romania. A number of 74 employees will be affected by voluntary layoffs, the company confirmed to
Romania's largest business organisations have jointly opposed proposals to introduce progressive taxation, urging political leaders to retain the country's flat tax system. Although the proposed changes would primarily affect individual income tax and not corporate profits, the organisations argue that such a move would negatively impact the broader economic and investment environment. "Implementing a progressive […]
The proposal to implement a generalized reverse charge VAT mechanism as a solution to Romania’s VAT collection gap may result in lower, not higher, budget revenues and reflects a misunderstanding of how the system functions, according to tax consultant Mariana Vizoli, quoted by
