Tax law predictability and the flexibilization of the Labor Code were among the topics tackled on Tuesday at a meeting between Senate President Ilie Bolojan and representatives of Amazon, a major investor in Romania's technology sector, which will soon celebrate 20 years of presence in the country, a release posted on the Senate's website informs."An important point of the discussions was the need for legislative predictability, especially as regards tax changes. Amazon representatives emphasized the importance of a clear calendar for implementing legislative changes, avoiding short-term decisions without consulting the business environment, and creating a stable climate favorable to investments. In this context, they reiterated the need for constant dialogue between the authorities and the private sector. Another topic was a higher flexibility of the Labor Code, considered a key factor for attracting foreign investments. Aspects such as performance management, regulation of the work schedule and stimulating competitiveness were highlighted as elements that can contribute to increasing Romania's attractiveness as an investment destination," the release states.The Senate President spoke about the measures needed to reduce the budget deficit below the 7% threshold through a process of reorganization of the public institutions, which includes streamlining the administration by eliminating redundant structures, axing unjustified positions and optimizing operational costs.Ilie Bolojan also emphasized the importance of the presidential election in May, which "will influence Romania's strategic direction in the coming years."Amazon Romania, with headquarters in Iasi and offices in Bucharest and Timisoara, carries out activities in key areas such as software development, research, AI, cybersecurity and cloud computing. Amazon is involved in educational and social projects, including the construction of a STEM Park in partnership with the 'Gheorghe Asachi' Technical University of Iasi, which stimulates children's interest in science, technology, engineering and mathematics.
Ireland can be seen as one of the most important business hubs in Europe and the European Union, as many international companies have established regional headquarters there. If you are looking for a country to expand your enterprise, you should definitely consider Ireland for several reasons that are presented below. Location and language The first […]
Cyprus is mostly known as a tourist destination. However, there is also a business side to it, as many investors choose it to open companies because of the favorable taxation system. Apart from its low corporate tax rate, there are a few more reasons why you should choose it if you are looking for a […]
The Romanian Commercial Code provides for various types of entities that can be created by natural persons and companies, local or foreign. Each of them has its own particularities, which can give it various advantages. How do you choose among them? We will review the main types of companies and their pros to help you […]
A new alley named after Romanian diplomat Nicolae Titulescu was inaugurated on Tuesday, December 9, in Paris’s Parc Monceau during a ceremony attended by Romania’s president Nicușor Dan and Paris mayor Anne Hidalgo. “I expressed my appreciation for the decision to name an alley in the beautiful Parc Monceau in Paris after the great Romanian […]
Oxygen Resort, a development located in central Romania’s Harghita county, has inaugurated its first bungalows. The first 18 bungalows are already functional, with another 17 units to be completed in the next stage, bringing the total to 35. The inauguration of the bungalows “marks the transition from a center dedicated predominantly to recreational activities to […]
Romania carried out a new medical evacuation mission for civilians from Gaza on Monday, December 8, transporting eight Palestinian patients and 29 accompanying relatives to Bucharest for treatment, according to the Department for Emergency Situations (DSU). The patients were evacuated aboard a Romanian Air Force C-130 Hercules aircraft after lacking access to adequate medical care. […]
