03.16.2015

Romania's government raises taxes on residential property even more as of next year, according to an updated draft of the Tax Code, from the draft presented a month ago. more

03.04.2015

The "Small Business Support" program, which easier contact between small and medium sized enterprises and business consultancy services will continue in Romania for five more years, with EBRD more

02.18.2015

All income earners will have to pay social security and health insurance contributions and starting 2017, the social security tax rate will be lowered from 10.5% to 7.5%, for employees, and from 15.8% more

02.18.2015

Romania's government plans to lower the value added tax from 24% to 20% as of next year and to 9% on food items such as meat, fish, fruits and vegetables, according to the country's new Tax Code more

02.09.2015

Romania's Transport Ministry will select a consultant to resume the privatization process of state-owned railway freight carrier CFR Marfa, Prime Minister Victor Ponta announced Monday. more

01.21.2015

Romania and the European Investment Bank (EIB) have extended a financing contract for the healthcare system by one year, until the end of 2015. more

01.19.2015

The government wants to end well Romania's current agreement with the International Monetary Fund and will decide in fall whether to take on a new agreement and what type of agreement it would be, more

01.14.2015

Romanian state-run companies’ revenues increased by RON6.49 billion in 2013 and the gross profit of the 228 active state-owned economic operators stood at RON2.74 billion, according to a report more

01.14.2015

The Romanian Government has decided to temporarily allot RON1.42 billion from privatization proceeds to provide financing to EU fund management authorities for the months of January and February 2015. more

01.14.2015

Romania's government will discuss a bill in February amending the First Home program to include homeowners who want to buy bigger homes if they sell their current property. more

01.14.2015

Romania's Governments approved Wednesday a VAST rate of 9% instead of 24% for tourist accommodation services. more

12.23.2014

Romania’s government has approved Tuesday, through emergency ordinance, the amendments to the legislation regulating the capital market, government spokesperson Corneliu Calota said Tuesday. more

12.18.2014

Romania’s government approved an ordinance setting up the Energy Ministry which will take over the attributions of public institution involved in the privatization and post-privatization monitoring more

12.17.2014

Romania’s government approved an ordinance placing state-run companies Transelectrica (TEL.RO) and Transgaz (TGN.RO) under the authority of the Economy Ministry, people familiar with the matter said more

12.17.2014

The government reshuffle require efforts from the business environment, which needs to establish dialog with the new Cabinet ministers, but that shouldn't be a problem as long as changes don't go more

12.11.2014

Public sector wages will be frozen in 2015 at this year's level, except for teaching staff, whose wages will be raised by up to 10% in two steps, and healthcare staff under certain conditions. more

12.10.2014

Romania's government on Wednesday approved a bill raising the gross minimum wage in two stages in 2015, to RON975 in January and to RON1,050 in July, from the current RON900. more

12.03.2014

The royalty system for the oil industry will remain unchanged next year and changes will be considered afterward, minister-delegate for the Budget Darius Valcov said Wednesday. more

12.03.2014

Romanian government on Wednesday approved the third budget revision this year, assigning funds for the advance payment of certain salary rights and arrears to state employees. more

11.27.2014

The Romanian Government has drawn up a list of 115 public investment projects which are a priority for the 2015 state budget and entail total funds of over RON63 billion in upcoming years. more

11.26.2014

Romania's national guarantee fund for small and medium-sized businesses (FNGCIMM) may guarantee projects with EU financing for the 2014-2020 period. more

11.26.2014

The Romanian government has the written consent of the European Commission regarding gas prices for thermal power plants that supply heat to household consumers and will adopt an emergency decree on more

11.21.2014

The Romanian government will no longer sell its majority stakes in companies operating in the defense industry, keeping minimum 50% at their privatization, and will focus on strategic investors with more

11.20.2014

Romania’s Finance Minister Ioana Petrescu, the minister for small and medium-sized enterprises (SMEs), Florin Jianu, EU Fund Minister Eugen Teodorovici and central bank representatives will meet more

11.18.2014

Romania's government on Tuesday approved the regulations for the car loan program "First Car", allowing buyers to get state-guaranteed loans. more