05.09.2024

The Bucharest Stock Exchange (BVB) and European Bank for Reconstruction and Development (EBRD) and the will work together to review the Romanian market’s corporate governance code, aligning it with more

10.19.2023

Code Crafters, the technology company of Banca Transilvania Financial Group, continues to expand its portfolio of solutions used in the banking industry, by both boosting its team and diversifying the more

03.11.2022

Lender Banca Transilvania on Friday said it would have its own technology company, Code Crafters, through which it will increase its capacity to develop IT solutions. more

07.04.2018

Romania’s Lower Chamber passed on Wednesday, as a deciding body, a controversial bill which modifies the country’s Criminal Code. more

11.17.2017

Nearly four in ten companies (37%) are awaiting decisions from parent companies regarding wages under the new Tax Code, according to a study by human resources company Adecco. more

11.07.2017

The Monday meeting during which the government was supposed to discuss its proposed tax changes was postponed until Wednesday after it had already been put off Friday until Monday. more

08.08.2017

Romania's government seeks to amend the Tax Code to eliminate a tax on dividends as of January 1, 2018. more

02.01.2017

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02.01.2017

AmCham Romania has expressed its disappointment regarding the reasoning, adopting procedure, provisions and effects of the Emergency Ordinance 13/2017 and of the project to amend the Criminal Code and more

04.27.2016

The new European Union customs code, which will also be implemented in Romania as of May 1, will bring major changes for local companies and will represent an important step in the modernization of more

11.16.2015

The government will keep all the measures in the Tax Code as well as the recent wage hikes while the 2016 budget will stipulate a budget deficit below 3% of the GDP, Finance Minister-designate Anca more

10.28.2015

Lack of predictability in Romania's tax system affects investors more and drives them away than the level of taxes, as taxes may be raised just as easily as they were cut if the budget is under more

10.27.2015

Romania's government on Tuesday adopted an emergency decree bringing forward to 2016 several tax cuts planned for 2017, the country's Finance Minister Eugen Teodorovici said more

10.01.2015

The adopting of the Labor Code amendments would trigger company closedowns, lower investments and jobs cutbacks, according to the representatives of the French Chamber of Commerce, Industry and more

10.01.2015

Romania's budget deficit could stand at 2.2% of GDP next year, following the impact of the country's new tax code, but planned wage hikes in the public sector may push the deficit to more than 4%, more

09.07.2015

Romanian President Klaus Iohannis announced Monday he promulgated the new Tax Code, adding he is very satisfied with the development of the public debate, including debates between parties, and the more

09.03.2015

Romania's lower house of Parliament on Thursday adopted the country's new tax code, which lowers the general value-added tax rate, eliminates extra excises and lowers taxes on dividends. more

09.01.2015

Romania’s Senate on Tuesday adopted the country’s new tax code, adding amendments convened with political leaders to have a gradual cut in the value added tax rate. more

08.27.2015

Romania's parliamentary parties agreed Thursday in talks on the country's new tax code to lower the general value added tax from 24% to 20% as of 2016 and further to 19% as of 2017. more

08.25.2015

Matthijs van Bonzel talked, in his last press conference as Dutch Ambassador to Bucharest, about the impact of the Tax Code on the business environment, saying that the money from the budget should be more

08.24.2015

Romania's Parliament has canceled its extraordinary session called to debate the country's Tax Code, Senate chairman Calin Tariceanu said Monday. more

08.20.2015

Romanian finance minister Eugen Teodorovici said Thursday the country's budget deficit would drop to around 2% in 2017 following a gradual cut in the VAT rate and the elimination of an additional more

08.10.2015

The Romanian Businessmen Association, or AOAR, on Monday said it still supports the lowering of taxes, even gradually, as an attempt to return to the situation in 2010 when this measure was announced more

07.24.2015

Romanian central bank governor Mugur Isarescu on Friday said the new Tax Code is inapplicable due to the impact the planned tax cuts would have on the country’s gross domestic product and saluted more

07.22.2015

Romania should not repeat the mistakes of other states or its own mistakes before the financial crisis, thus economic policies decision makers should act prudently, as it is easy to promise and give more