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
U.S. ambassador Kathleen Kavalec and Ukrainian ambassador Ihor Prokopchuk visited on Friday the site of the new road bridge that will connect Ukraine to Romania across the Tisa River and which is currently under construction on the outskirts of Sighetu Marmatiei city, president of the Maramures Council County Ionel Bogdan announced in a release. According to him, works are in an advanced phase and the bridge is slated to open to traffic next year.Romania's ambassador to Ukraine Alexandru Victor Micula was also present at the construction site, said Ionel Bogdan."This project is a dream that we, the people of Maramures and the residents of the Transcarpathia region, have had for more than 20 years now. Even if it is not the biggest project of the Maramures County Council from a financial point of view, it is its most important project, because it fulfills some extremely important goals for both countries and for both regions; it is not just about the economy, it is also about the connection between people," Ionel Bogdan emphasized, mentioning the important number of Romanians who live on Ukrainian soil and Mararamures County's strong Ukrainian ethnic community.Other officials present at the working visit to the site of the new Tisa River bridge were Irinel Ionel Scriosteanu - Secretary of state in the Transport Ministry, Romanian consul to Solotvyno Florin Gratian, Myroslav Biletsky - acting governor of the Transcarpathia Region, Florin Coman - head of the Sighetu Marmatiei Border Police Territorial Inspectorate, Maramures County public administrator Gabriel Bogdan Stetco, and representatives from the County Council expert apparatus.The American and Ukrainian diplomats arrived in Maramures County the day before, participating in several events and visiting a series of ongoing public investments and companies that produce equipment for the aeronautical industry. (Photo:https://www.facebook.com/photo/?fbid=842253881401426&set=pcb.842350631391751)
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 […]