Prime Minister Marcel Ciolacu announced that on Monday will be made public the normative act providing for the cancellation or waiver of the interests and penalties of those who owe money to the state, if they pay these arrears by November 25.Taxpayers who pay their taxes on time will also receive a 3 percent bonus from next month."Today will also be made public the normative act through which we are taking a series of measures to bring extra revenue to the budget. We are cancelling the interests and penalties for those with tax debts if they pay these arrears by November 25. But we are also taking a measure for the first time since the Revolution [1989, editor's note]: we are also rewarding the correct taxpayers, with taxes up to date. From the following month they will receive a 3% bonus, so they pay less to the state. We consider that this is a natural way to show a sign of appreciation for all honest taxpayers in this country," said the prime minister at the beginning of the government meeting.
Entrepreneurs in Romania correctly perceive business opportunities in the market but fear failure and see difficult access to financing as a significant barrier to business development. These are two main findings included in the country report on entrepreneurship - research conducted by the Babeș-Bolyai University (UBB)-FSEGA team within the international project Global Entrepreneurship Monitor (GEM). […]
When it comes to saving, Romanians prefer bank deposits, while the level of participation in the capital market is low, according to a research project carried out by Raiffeisen Bank and the Bucharest Academy of Economic Studies. Bank deposits are the main form of savings Romanians resort to. Still, their level is the lowest compared […]
The number of construction permits issued for residential buildings in Bucharest has significantly decreased, with the first nine months of 2024 showing a 45% drop compared to the same period of 2021, according to a recent market report by real estate consultant SVN Romania. In the first three quarters of 2024, only 272 construction permits […]
Beyond Business School, a company founded by serial entrepreneurs Andra Ghibuțiu and Grégoire Vigroux, announces the final line-up of the CEOs joining its fast-track Executive Program as guest speakers. The CEO Talks sessions feature influential business leaders sharing their experience, insights, and career advice with its executive students. These talks are scheduled...
CFR Călători began operating Romania’s first new electric train, the Alstom Coradia Stream, on Wednesday, November 20, on the Bucharest-Brașov route. The journey departed from Bucharest’s Gara de Nord at 09:30 and was scheduled to arrive in the mountain city of Brașov at noon. “The Coradia Stream model is the first train supplied by the […]
At the end of September 2024, Romania's M&A market recorded transactions totaling USD 1.7 billion, significantly up from the USD 134 million recorded during the same period last year, according to the global M&A market report by Boston Consulting Group (BCG). For 2023, the total transaction value amounted to USD 2 billion. Romania recorded the […]
