09.11.2015

Romania’s Competition Council on Friday said it is looking into the takeover of retail operations, including some of corresponding assets, of two NIC stores in capital Bucharest by Mega Image, from more

08.17.2015

Romania’s Competition Council on Monday said it has cleared the transaction whereby McDonald's takes over three fast-food restaurants in Brasov (central Romania), which have so far been operated in 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

07.22.2015

Romania’s Fiscal Council said the cut in the standard VAT rate from 24% to 19% as of January 1, 2016 actually means a decrease of 8 percentage points, not five points, given that the average VAT more

06.18.2015

Eric Stab, president and CEO of GDF SUEZ Energy Romania, is the new president of Foreign Investors Council (CIS), replacing Mihai Bogza, Chairman of Bancpost Board of Directors. more

05.11.2015

Romania’s Competition Council fears that stores, retail chains and producers might collude to keep in their profits the planned cut to 9% in the sales tax on food items starting June 1, watchdog more

04.29.2015

The VAT cut to 9% on food items should have been announced right before its implementation, to avoid price hikes operated by retailers, Fiscal Council head Ionut Dumitru told Coface Country Risk more

04.16.2015

Romania’s Competition Council wants to complete several investigations this year, which target potential rigged bids in the milk, energy and IT sectors, the antitrust watchdog head Bogdan Chiritoiu more

04.16.2015

Romania’s Competition Council last year fined 53 companies a total 185 million lei (some EUR42 million) for anticompetitive behavior, more than double against 2013, the antitrust watchdog said in more

02.24.2015

Romania would rather need fiscal relaxation measures in terms of supply, by cutting social security tax, instead of measures to stimulate demand by cutting VAT and excise duties, which will trigger more

01.13.2015

Selgros Cash&Carry on Tuesday rejected the accusations of Romania’s Competition Council, which fined the company RON6.6 million, and awaits the watchdog’s motivation in order to start legal more

01.13.2015

Romania’s antirust watchdog has fined retailers Metro, Real, Selgros and Mega Image and 21 of their suppliers a total 154 million lei (some EUR35 million) for price-fixing arrangements between 2005 more

12.19.2014

Romania’s Fiscal Council says the fiscal revenue is overestimated by 2.35 billion lei (), or 0.33% of the gross domestic product, in the 2015 budget draft, while the investment expenditure won’t more

12.12.2014

The Fiscal Council representatives estimate that the increase of certain categories of revenue in the 2015 draft budget are overvalued, while other expenses are underestimated, and that doubling of more

12.03.2014

The third budget revision for 2014 is breaking the law and shows the government’s incapacity to organize and implement the budget, mainly in terms of investments, while the payment of certain salary more

11.25.2014

Romania’s Competition Council has approved the transaction whereby French group Michelin took over, via a company it holds in Germany, tire distributor Ihle Holding also registered in Germany, both more

11.20.2014

Romania’s government needs to show the International Monetary Fund the resources to cover a budget revenue gap of 15 to 17 billion lei (3.4-3.8 billion euros) next year, according to Ionut Dumitru, more

11.13.2014

Romania’s Competition Council started an investigation related to potential antitrust practices carried out by retailers Auchan Romania, Carrefour Romania, Romania Hypermarche (Cora), Kaufland more

09.30.2014

Romania's Fiscal Council on Tuesday said the government’s revised estimate for VAT collections is unrealistic, considering collections in July and August, adding the more cautious approach would more

07.31.2014

Romania’s upcoming budget revision fails to present sustainable measures to offset the low fiscal collection in the first half of the year or the planned reduction of the social security tax rate, more

07.29.2014

Romania has made some progress in its combat against money laundering, but further steps are needed to strengthen the independence of its anti-money laundering institutions and to improve the overall more

06.19.2014

Romania’s target date for joining the euro area seems economically unrealistic and is based on political and strategic rationales, the president of the country’s Fiscal Council Ionut Dumitru said more

06.19.2014

Romania needs additional fiscal measures besides a recently introduced levy on special constructions to compensate for the lower social security tax rate and be able to continue to reduce its budget more

05.09.2014

Romanian government’s planned five percentage-point reduction of the social securities tax will be difficult to achieve considering the low level of tax collections to the state budget, the more

05.06.2014

Bogdan Chiritoiu remains president of Romania’s Competition Council until the appointment of a new head. more