taxes

Thirty years after the fall of the communist regime, Romania seems to be well anchored in European values and on a clear path of economic development. Even if certain problems linger with respect to the latter issue, Romania has the…

PM Ludovic Orban has warned on Wednesday that Romania has the highest VAT evasion and the lowest VAT collection rate in the European Union, but the level of 19pct is a reasonable one. "We are the country with the highest VAT evasion. We…

Governor of the Romanian National Bank (BNR), Mugur Isarescu has told the annual conference on the Competition Environment and Competitiveness in key sectors of the Romanian economy organised by the Competition Council and the Chamber of…

After voting the censure motion that toppled down Dancila Government, USR, Pro Romania, UDMR and ALDE are now starting to condition a potential Liberal Cabinet led by Ludovic Orban. USR is insisting more and more on early elections.…

The Senate (the upper chamber of the Romanian Parliament) has approved and partially amended the emergency ordinance on the ridesharing activities. Ridesharing companies and persons under this provision have a phase-in period to comply…

Energy Ministry has launched to public debate a draft law to radically amend the Offshore Law, which is regulating the investments in gas&oil deposits in the Black Sea. The amendments are set to cut many of the tax barriers…

More than half of the Romanian population's current expenditure last year were allotted to consumption, meaning food, beverage, non-food items or payment for services, while 31.5% of the expenditure represented taxes and contributions to…

Huawei Romania reported revenues from sales worth over USD 400 million in 2018. The acquisitions on the local market mounted to USD 150 million last year, while the taxes paid to the state accounted for USD 75 million. Huawei Romania had…

The chairman of the Social Democrat Party (PSD), Liviu Dragnea, has stated in Slobozia on Saturday that Romanians wanted to join the European Union for a better life and for freedom, and no to return to fear and terror. „I am a true…

Two major international development banks, the European Bank for Reconstruction and Development and the International Finance Corporation (part of the World Bank), have officially complained to the Romanian Government about proposed new…