A tax strategy for 2023 will be unveiled in April this year, Prime Minister Ciuca on Friday assured officials of the Foreign Investors Council (FIC), an organisation that brings together over 120 of the largest Romanian companies running on foreign capital, in a meeting at the Government House.According to a government press statement, the attendees underscored the importance of investment to the recovery of the economy and the need to boost foreign investment, which is a key component in economic growth."I want to welcome the initiatives of the Foreign Investors Council and to say that we are committed to achieving the same goal: developing and improving the Romanian business environment. (...) Creating such a formal consultation framework between the government and the business community helps us with our efforts to consistently attract the investment of foreign-owned companies, which is expected to result in the completion of a predictable legislative process and public policies based on data, analysis and impact studies, all key elements in building a trusting relationship with investors," Ciuca is quoted as saying in the statement.It is necessary to identify the public policies and the necessary tools to capitalise on the investment considered by the government and also by the foreign investors that are developing in our country, Ciuca said."We have allocated the largest amount of investment this year - 88 billion lei. We will invest another 80 billion euros from European money in the coming years. In order for these ten billion euros a year to produce effects, the government must have the capacity and mechanisms to concrete projects. We will set up a government structure that will deal with foreign investments in Romania, but also with the promotion of Romanian exports. Let's invest together," the prime minister said.In their turn, the attending representatives of foreign investors pointed out that boosting investment can increase Romania's economic development potential by 4.5 times by 2040. To that end, willingness for a partnership to ensure a sustainable direction towards the social environment and corporate governance was expressed.
Nhood, an integrated real estate services and solutions company present in 10 European countries, including Romania, has appointed Mihaela Petruescu as the new Country Director for Property Services Romania & Poland as of October. With nearly 20 years of experience in the real estate sector, Mihaela brings robust expertise in property management and leasing, operational […]
“Catane,” a dark comedy inspired by real events and directed by Ioana Mischie, is set to have its first special screenings in Romania after a successful festival circuit. The film had its world premiere at the IFFI Goa festival in India and was nominated this year at the Hollywood Music in Media Awards for Best […]
Romania is among the European countries where water reserves are decreasing at an alarming rate, according to an analysis carried out by researchers from University College London in collaboration with The Guardian and Watershed Investigations. Scientists analyzed data from the period 2002–2024 provided by satellites that monitor changes in the Earth's...
George Smyth, 18, went missing on a hike near Romania’s famous Bran Castle more than a week ago. On November 23, the British citizen started to suffer from hypothermia and exhaustion and called the emergency services. Trying to locate him, mountain rescue services conducted searches over the next few days but were only able to […]
Over 107,000 people in Prahova and Dâmbovița counties, in southern Romania, have been without drinking water since Friday, November 28, due to problems at the Paltinu Dam. According to local authorities, the problems are set to persist until next week. The dam registered a drop in water levels, leading to problems in the water distribution system. […]
A special ‘Silent Day’ event will be held at the Bucharest Christmas Market in Constituției Square on Wednesday, December 3, aimed at creating a quieter and more accessible environment for children with sensory disabilities. The initiative is designed to make the festive market manageable for children who may struggle with loud noise, bright lights, and […]
