The income tax rate may increase from 10% currently to 13% in 2025, according to estimates of trade union federation BNS based on the medium-term fiscal consolidation plan drafted by the government that envisages 1.1%-of-GDP advance of the revenues from income taxation.
The most plausible scenario for reducing the deficit could include, among other measures, increasing the income tax from 10% to 13%, according to BNS representatives quoted by
Following an investment of EUR 2.5 million in the renovation and refurbishment of a historic building in the Rosetti Square area in downtown Bucharest, the InStil Hotels group, owned by the Alecu family, is diversifying its portfolio with a new 4-star boutique hotel property. Named Ecletico Villa, the property offers 18 rooms. The new boutique […]
The rising labor costs, the recruitment process, and the retention of experienced employees are the main challenges for business services companies active in the country, according to the 2024 report of the Association of Business Service Leaders in Romania (ABSL). According to ABSL data, all companies reported salary increases this year, and the estimated growth […]
MerchantPro, local SaaS eCommerce platform, analyzed the performance during the week leading up to Black Friday 2024, confirming the establishment of Black Week as an extended shopping event that captures consumer interest over seven days. Data collected from a sample of approximately 1,000 local online stores shows a 5% increase in the number of orders...
The sixth edition of the Classix Festival takes place in Iași between February 23 and March 2, 2025. According to the organizers, the event's new concept, Revelations!/Revelații!, "outlines moments of profound clarity, unexpected inspirations, and mind-blowing discoveries." "After previous editions focused on the discovery of desires (2024), metamorphoses (2023), and the primal instinct of music […]
A natural Christmas tree was recently installed in Sfatului Square in downtown Brașov, one of the popular mountain resorts in the country, and the City Hall says it is the tallest in Romania. The tree reaches an impressive height of 29 meters, with 26 meters visible above ground, making it one of the tallest ever […]
More than eight out of ten Romanian respondents to the annual Climate Survey commissioned by the European Investment Bank (EIB) recognize the need to adapt their lifestyle due to the effects of climate change. Among the challenges facing Romania, respondents ranked climate change second only to the increased cost of living. The EIB released its […]
