Fiscal Code

Many leading international and Romanian companies often sponsor events, trade shows or charity causes to reach specific business goals or to enhance the company’s reputation and brand exposure as part of their marketing strategy. In…

Finance minister Eugen Teodorovici has announced that he would table a new emergency ordinance to amend the Tax Code next week. So, it would be the fourth such GEO revising the fiscal law adopted this year, which means in only three months…

The Federation of the Education Free Trade Unions (FSLI) sent memos to the Prime Minister, to ministers of Education, Finances and Labour, warning over the thorny issues in the systems, particularly the salary cuts, and threatening with…

Labour Minister Lia Olguta Vasilescu has announced on Tuesday that it was known, since May 2017, that in the case of 3% of the state employees, the wages would decrease, and she had announced this fact on several occasions. Lia Olguţa…

The economy continues to grow, but the imbalances are sharpening. Romanian managers are moderately optimistic as concerns grow on the real economic evolution this year. The inflation, the depreciation of the local currency and the…

Romania's (Baa3 stable) credit profile reflects strengths which include its favourable medium-term growth prospects, a moderate government debt-to-GDP ratio and strong debt affordability, Moody's Investors Service said in a new annual…

What foreign investors see in Romania are the huge opportunities, but they need guarantees that these will be maintained and that there is predictability regarding taxes, Stella Ronner-Grubacic, Ambassador of the Kingdom of the Netherlands…

Prime Minister Mihai Tudose announced that the government has approved, during the sitting on Thursday, the decision to impose the payment of the social security contribution (CAS) and the social security for health contribution (CASS) at…

Fitch Ratings has affirmed Romania's long-term foreign and local currency issuer default ratings (IDR) at 'BBB-', with stable outlooks, a press release informs on Saturday. The issue ratings on Romania's senior unsecured foreign and…