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
Prime Minister Marcel Ciolacu will pay an official visit to the Republic of Moldova on Friday, during which he will have a meeting with his counterpart, Dorin Recean, and will also meet with the President of the Republic of Moldova, Maia Sandu, and the President of the Moldovan Parliament, Igor Grosu.The Head of the Executive will be accompanied by the Deputy Prime Minister Marian Neacsu, the Minister of Economy, Entrepreneurship and Tourism, Stefan-Radu Oprea, and the Minister of Agriculture and Rural Development, Florin Barbu."I am going to Chisinau to reaffirm Romania's solid and unequivocal support for the Republic of Moldova, on all levels. We remain the firm voice supporting the European integration of the Republic of Moldova, we continue the implementation of the 100 million euro Agreement, which generates impact projects, and we will accelerate our interconnection in vital areas such as energy, infrastructure and transport. All these efforts are for the benefit of the citizens on both banks of the Prut. However, the reconfirmation of the European option by the citizens, in the elections of October 20, is crucial for the continuation of the European course of the Republic Moldova, the only way to development and a better life," said Prime Minister Marcel Ciolacu, quoted in a Government press release.The agenda of the official visit will include the meeting of the Romanian Prime Minister with his counterpart, Dorin Recean, at the end of which the two Prime Ministers will make joint press statements and participate in the handover ceremony of the school minibuses donated to the Republic of Moldova by the Romanian state.Also, the head of the Executive will have meetings with the President of the Republic of Moldova, Maia Sandu, and with the President of the Parliament of the Republic of Moldova, Igor Grosu.Also, the head of the Executive will have meetings with the President of the Republic of Moldova, Maia Sandu, and with the President of the Parliament of the Republic of Moldova, Igor Grosu.
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
Bucharest’s Verita International School has become the first Romanian member of the UK-based Dukes Education network, in a partnership that channels tens of millions of euros into two new campuses and upgraded facilities, including the country’s first “green” school building. School founder Richard Joannides says the tie-up “takes the school to the next level” by widening […]
Private equity fund CVC and Therme Group, the developer, owner, and operator of wellbeing destinations, have partnered for Therme Horizon, a new holding company comprising Therme Erding in Germany and Therme Bucharest in Romania. In a deal valued at over EUR 1 billion, CVC and Therme Group will become equal partners in Therme Horizon. CVC will also co-invest in the development of Therme […]
As Cambridge School of Bucharest (CSB) celebrated its 30th anniversary in 2024, it reflects on the significant strides the school has made in providing world-class education. From its early beginnings to the thriving institution it is today, CSB has always focused on nurturing the intellectual, emotional, and social growth of its students. The school’s evolution […]