reform

PM Ilie Bolojan Announces Second Package of Fiscal Measures Romanian Prime Minister Ilie Bolojan is now holding a press conference at Victoria Palace in which he announces the measures in the second package of fiscal measures aimed at…

As the Romanian government pushes forward with a new fiscal consolidation package, key voices from the business community — Concordia, the Romanian Business Leaders (RBL) Foundation and the National Confederation for Female Entrepreneurship…

Romania no longer has the luxury of postponing fiscal reform and budgetary consolidation, according to the Romanian Economic Monitor (RoEM) team at UBB FSEGA, which has identified five key fiscal measures with the potential to rebalance…

Following the presidential election victory of independent candidate Nicușor Dan, Romania’s two main governing parties, the Social Democratic Party (PSD) and the National Liberal Party (PNL), have publicly acknowledged the need for internal…

The US companies in Romania, represented by the AmCham Romania, warned that investments in Romania will follow the confidence, stability and reform and that the pro-EU, pro-NATO stances are not negotiable. "In the context of economic…

The Minister of Internal Affairs, Cătălin Predoiu, requested the support of the FBI to support the reform process within the "Alexandru Ioan Cuza" Police Academy, in order to "strengthen the institutional capacity of this educational…

The IMF delegation concluded its visit to Bucharest. According to the institution's statement, last year's tax package was a step in the right direction and creates additional revenue. "However, we estimate fiscal deficits of more…

A third of companies worldwide (34%) anticipate a significant increase in their group’s global effective tax rate, as a result of the implementation of the two-pillar global tax reform coordinated by the Organization for Economic…

The Romanian education system should be reformed in light of the poor results in recent years, according to a document provided to clients by Erste Group's analysis department, as quoted by Profit.ro. It highlights the decline in the number…

President Klaus Iohannis promulgated the law on special pensions. Taxation of specials increases to 20%, but judges and prosecutors will have their pensions calculated according to the incomes they had at the top of their careers. And their…