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Iordache’s obscene gesture in Parliament goes viral in the international press. What sanctions await him?

International media reported about the obscene gesture PSD vice-president Florin Iordache has made while addressing the Opposition in Parliament on Wednesday following a speech in the plenary sitting about the country and the justice independence, where Iordache has claimed that ...

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Shopping centres dominate the retail industry in Central & Eastern Europe. Which are the fashion newcomers in the region?

Fast recent-cycle GDP growth, low unemployment and wage hikes add up to booming conditions for fashion in CEE says Colliers International in its recent research report “ExCEEding Borders – the fashion sector in the CEE-14 countries”,namely Albania, Belarus, Bulgaria, Croatia, ...

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DNA, after the CVM report: We will continue to fight high level corruption

The National Anticorruption Directorate (DNA) has reacted on Wednesday to the Cooperation and Verification Mechanism (CVM) report issued on Tuesday by the European Commission, arguing it will continue to fight the high level corruption. “The DNA leadership has learned about ...

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E-commerce forecasts by 2022 in the CEE-6 markets: The growth potential could be 20-30% in Romania, Bulgaria

A conservative growth scenario sees e-commerce in CEE-6 expanding 8.8% per year from a baseline of EUR 13.1bn, to EUR 20bn. According to Colliers International’s latest logistics and retail research report, Survival of the fittest, there is still room for ...

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President Iohannis calls political parties for talks on justice laws on Wednesday

President Klaus Iohannis has sent a letter on Monday to all chairmen of the political parties represented in Parliament inviting them to come for consultations on the justice laws at Cotroceni Palace on Wednesday, October 24. Social Democrat Party (PSD) ...

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Venice Commission releases the report on Romanian’s criminal codes and justice laws: “Very little time and transparency for a genuine public debate”

Venice Commission has published the report on the amendments brought to the justice laws and criminal codes in Romania on Monday, with the European experts slamming the Parliament’s amendments. “The focus in public debate regarding the proposed amendments to the ...

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EU social policies in Romania need upgrade in step with new technologies, WB says

Labor, taxation and social welfare policies in the European Union must be upgraded to protect vulnerable workers and tackle rising inequality brought about by rapidly changing labor markets and new technologies, says a new World Bank report, Towards a New ...

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Romania loses annually over EUR 6 billion due to VAT gap, according to EC report

According to a report recently issued by the European Commission, uncollected VAT represents EUR 6.13 billion loss for Romania´s 2016 budget. At EU level, uncollected VAT amounted to EUR 147.1 billion, which represents a 12.3% VAT gap. All 6 Central ...

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Who is Romania’s main footwear supplier?

According to a recent World Footwear report, Poland has become Romania’s main footwear supplier in terms of imports value. Poland surpasses countries such as Italy, China and Slovakia in the ranking, climbing up three places. The report reveals that Poland ...

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