The local taxes, other than the property tax, will increase by 70% and the overall payroll will decrease by 20% by a combination of lower employment and lower individual incomes to be decided at local level, prime minister Ilie Bolojan told representatives of the Association of Municipalities from Romania (AMR) on August 5 during a meeting on the local administration reforms.
The government is preparing the second package of reforms, which will include the local administration reforms,...
Real estate investment and development company Global Vision has announced its first entry into the retail sector with a commercial project in Oradea, northwest Romania. The investment exceeds EUR 10 million and is part of the company’s broader EUR 150 million investment pipeline. The new retail development, named Oradea Retail Plaza, will be located in […]
Low-cost carrier Wizz Air has added a second aircraft to its base at Sibiu International Airport and announced a significant expansion of its operations in the Romanian city. The airline, which has been present in Sibiu for more than a decade, is now offering over one million seats to and from Sibiu, representing a 48% […]
Romania’s main trade union confederations are preparing coordinated protest actions and considering a general strike in response to the government’s new fiscal and austerity measures, Economica.net reported. The decision was made during a meeting of union leaders evaluating the impact...
The Coalition for the Digital Economy, which brings together companies such as Uber, Glovo, Wolt, Bolt, Bringo, and Lime, in response to Ziarul Financiar's claims that the drivers of the ride-hailing operators are avoiding taxes and social security contributions, assured that this is not the case. ...
Romanian energy group OMV Petrom (BVB: SNP) will decide by the end of September on the special dividend, based on the progress of the investment projects, the impact of the present and future fiscal reforms implemented by the government, and the market conditions, the company's CFO Alina Popa explained, quoted by Cursdeguvernare.ro. ...
Romania’s teachers’ unions announced on August 5 that education minister Daniel David has pledged to ask prime minister Ilie Bolojan to drop some of the most contested measures from the government’s first package of reforms, Hotnews.ro reported. The...
