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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 ...

PM Ciolacu to visit UK November 12-13

Friday, November 8, 2024

Romania's Prime Minister Marcel Ciolacu will pay a visit to the United Kingdom of Great Britain and Northern Ireland on November 12 and 13, to meet UK Prime Minister Keir Starmer, the Speaker of the House of Commons and to participate in a Romania-UK Business Forum.According to the governmental spokesman, Mihai Constantin, in view of the prime minister's visit to London, the government approved on Thursday a memorandum updating the convention between the two ...

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 ...

CURS poll: Who’s credited to enter presidential runoffs?

Friday, November 8, 2024

According to a CURS survey carried out between October 30 and November 5, Marcel Ciolacu is rated with 28%, followed by George Simion and Nicolae Ciuc?, both with 17 percent.   The three are followed by Elena Lasconi (USR) with 12% and the independent Mircea Geoan?, credited with only 9% – one of the lowest scores with which he appeared in recent polls. Then appears Kelemen Hunor, with 5%, ...

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 ...

Banking sector in Romania has one of the lowest fraud rates in Europe

Friday, November 8, 2024

The banking sector in Romania has one of the lowest fraud rates in Europe, at around 0.007%, head of the Payment Supervision Directorate at the National Bank of Romania (BNR) Raluca Micu told a specialist event on Thursday."Real-time identification of potentially fraudulent transactions is a challenging task. We are talking about banks that still have legacy systems, traditional systems, and these innovative technologies are not always compatible with the ...

Tax Administration to use information from state-owned companies when verifying RO e-Transport use

Friday, November 8, 2024

The control teams of the National Agency for Tax Administration (ANAF) will be allowed to use information held by national companies and national companies running on state capital to check business operators using the RO e-Transport system.In this regard, the government approved an emergency ordinance introducing new provisions regulating the national system for monitoring road transport of goods RO e-Transport.Another amendment aims to ...

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 ...

Public-private delegation from Morocco pays visit to Romania to resume sheep exports

Friday, November 8, 2024

A public-private delegation from the Kingdom of Morocco is currently visiting Romania for the resumption of sheep exports, the National Veterinary Sanitary and Food Safety Authority (ANSVSA) informs on Thursday."After less than three weeks since the working visit of the president of the National Veterinary Sanitary and Food Safety Authority (ANSVSA), Alexandru Bociu, to the Kingdom of Morocco, an important delegation from this kingdom is now in Romania to ...

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 ...

Survey: Almost half of Romanians intend to make purchases on Black Friday

Friday, November 8, 2024

 Almost half of Romanians (46%) intend to make purchases on Black Friday 2024, especially to take advantage of discounts on products that are too expensive for their purchasing power, according to a recent survey conducted by Dynata for Revolut.The company conducted a survey of Romanians consumers' relationship with the security of funds in the context of Black Friday shopping and on a sample of 1,000 Romanian consumers over 18 years old.The ...

Turnover in retail trade up 8.4pct January through September

Friday, November 8, 2024

The volume of turnover in retail trade (except for motor vehicles and motorcycles) increased, in the first nine months of this year, compared to the similar period last year by 8.4pct as gross series, and by 7.7pct, as series adjusted depending on the number of business days and seasonality, according to a press release of the National Institute of Statistics.Thus, the volume of turnover in retail trade (except for motor vehicles and motorcycles), saw an ...

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, ...

Klaus Iohannis congratulates Donald Trump: Romania is a strong and committed Strategic Ally of the U.S.

Thursday, November 7, 2024

President Klaus Iohannis on Wednesday congratulated Donald Trump for winning the U.S. presidential elections."Congratulations, president-elect Donald Trump, for your victory! Romania is a strong and committed Strategic Ally of the U.S. Through our joint Romania - U.S. efforts, we will bring peace and prosperity for both our countries and beyond, defending our common interests," the Romanian head of state wrote on X platform (former Twitter).Donald Trump claimed ...

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 ...

Romania, France strengthening, expanding labour, social security bilateral cooperation

Thursday, November 7, 2024

Bilateral cooperation between Romania and France on labour and social security will be strengthened and extended under the two countries' strategic partnership, Romania's Minister of Labour and Social Solidarity Simona Bucura Oprescu said meeting her French counterpart Astrid Panosyan-Bouvet.According to a social media post by Romania's Ministry of Labour and Social Solidarity (MMSS), a government delegation led by Prime Minister Marcel Ciolacu paid an official visit to ...

European Commissioner Wojciechowski: Romania has all problems in agriculture in Western Europe and specific ones in Eastern Europe

Thursday, November 7, 2024

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We have in Romania all the problems which we have in agriculture in Western Europe, but we have also specific problems which we have in Eastern Europe, such as those generated by the conflict in Ukraine, European Commissioner for Agriculture Janusz Wojciechowski said in Bucharest on Wednesday.While on an official visit to Romania, the commissioner participated in the National Conference of the Romanian Farmers' Club."I'd like to use this opportunity and to ...

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