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At EPC round-table meeting on migration, President Iohannis advises short- and long-term solutions

Friday, November 8, 2024

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President Klaus Iohannis drew attention on Thursday, at the fifth Summit of the European Political Community (EPC), to the fact that migration remains an important challenge at the European level, which requests a common and comprehensive response and reiterated that for Romania accession to Schengen is not only a political objective, but a firm commitment to the European project.The agenda of the meeting in Budapest included, according to a press release ...

Gov't approves bill for purchase of 32 F-35 fighter jets

Friday, November 8, 2024

The government approved on Thursday a bill for the purchase of 32 F-35 fighter jets, the Executive's spokesman Mihai Constantin announced."A bill was approved and sent to Parliament in a fast-track procedure, proposing that the Government of Romania award the Government of the United States of America the 'Offer and Acceptance' contracts for the purchase of 32 F-35 aircraft, engines, munitions, initial logistic support, permanent access to the F-35 global ...

Aligning with OECD’s Pillar 2: Romania and Türkiye are implementing the global minimum tax to promote fairer business practices

Friday, November 8, 2024

The Pillar 2 Global Anti-Base Erosion (GloBE) rules have been developed by the Organisation for Economic Co-operation and Development (OECD) to provide a common system of taxation that ensures multinational enterprises (MNEs) pay a global minimum tax (GMT) of 15% in each jurisdiction where they operate and generate income.   In a significant step towards global tax fairness, both Romania and Türkiye ...

American, Romanian experts discuss trends in complex financial investigations, money laundering mechanisms

Friday, November 8, 2024

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American and Romanian experts from the public and the private sector met on November 6 and 7 in Brasov to discuss the key trends in complex financial investigations and money laundering mechanisms, in an event organized by the U.S. Department of Justice's Office of Overseas Prosecutorial Development, Assistance and Training (OPDAT) and the National Anticorruption Directorate, the U.S. Embassy informed in a release.According to the cited source, the meeting ...

Romanian entrepreneurs support keeping individual flat tax in place, caution against looming over-indebtedness

Friday, November 8, 2024

 Romanian Business Leaders (RBL), the representative foundation of Romanian private businesses, supports keeping in place the flat tax for individuals, without exceptions, doubled by state efforts to reduce and render its own expenses more efficient, RBL said in a release on Thursday.The businesspeople draw attention to the fact that the 2025 - 2031 medium-term national structural budget plan presented by the government to the European Commission for ...

Coface’s CEE TOP 500 COMPANIES: Poland ranks first, followed by the Czech Republic and Hungary

Friday, November 8, 2024

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The CEE region recorded its weakest growth rate this century, with GDP growth at just 0.7% in 2023; Only half of the CEE countries saw an increase in turnover among the top 500 companies, revealing disparities in economic performance; The automotive and transport sector regained its position as the largest sector, growing its turnover by ...

IBC Focus Study: 6 out of 10 builders estimate business increase in 2024

Friday, November 8, 2024

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  Six out of ten important builders in Romania estimate a business increase this year, according to IBC Focus study, active in the market monitoring building sites and construction projects in Romania. According to the company, over half of the big constructors faced financial blocking for large projects, and their biggest problems concern labor force.   One out of five builders see a ...

President Iohannis to attend 5th Summit of the European Political Community, informal European summit

Thursday, November 7, 2024

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  Romania's President Klaus Iohannis will participate, November 7-8, in the fifth Summit of the European Political Community (EPC) and in an informal European summit that will take place in Budapest, Hungary, the Presidential Administration reported on Wednesday.The European Political Community is an intergovernmental forum for political and strategic discussions about the future of Europe."The EPC Summit in Budapest will include a plenary session, ...

European Commissioner-designate for home affairs hopes in a full Schengen integration of Romania and Bulgaria

Thursday, November 7, 2024

European Commissioner-designate for internal affairs and migration, Magnus Brunner, on Tuesday evening expressed his hope that Romania and Bulgaria will fully enter Schengen Area, as decision belongs to member states [of the Justice and Home Affairs Council - editor's note]."Of course that the member states are to decide who enter Schengen and who doesn't. There has been made extraordinary progress, if I may say so, in the cases of Romania and Bulgaria, and they are ...

Foreign minister Odobescu met her Serbian counterpart, Marko Djuric, on a visit to Bucharest

Thursday, November 7, 2024

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  The European path is worth "every effort", and Romania can offer Serbia "full support" and expertise in its EU accession steps, Foreign Affairs Minister Luminita Odobescu said Wednesday in a joint press statement with her counterpart in Belgrade, Marko Djuric, on a visit to Bucharest."We can say in all sincerity and looking at Romania's progress in recent years that the European path is worth every effort," the head of diplomacy said.Odobescu ...

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