News Archive
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Consultancy firm says Romania could cash in EUR 40 mln from taxing foreigners’ income
The Romanian state could cash in up to EUR 40 million a year by taxing the salaries of foreigners who work in Romania more than 183 days, according to Luminita Ristea, managing partner with CRG Nexia consultancy firm.
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Romanian Companies May Pay Debts To State In Installments Over Five Years
Romanian companies will be able to pay their debts to the state in installments over five years, without overdue penalties, as per a facility to be introduced through a government ordinance, said tax authority ANAF official Mihai Gogancea-Vatasoiu.This service will be available to any company on the basis of certain guarantees, which are waived in the case of small debts.
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Schengen hurdles for Romania, Bulgaria
European officials are demanding that Romania and Bulgaria prove they have made real progress in reforming their justice systems, under scrutiny from the European Commission (EC) through the Co-operation and Verification Mechanism (MCV), before getting the green light to join the 25-member Schengen zone.
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The VAT package — is your business ready for the January 2011 changes?
From 1 January 2011, changes come into effect for the European Union (EU) value added tax (VAT) treatment of business-to-business supplies of cultural, artistic, sporting, scientific, educational, entertainment and similar services. This includes admission to shows, performances, concerts, sporting events, conferences and exhibitions and training events.
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Earlier notice of resignation included in amended Romanian labor code
Employees have to give at least 20 business days prior notice when resigning, or 45 days if they hold a management position, says the draft act amending Romania’s Labor Code, obtained by Mediafax newswire.
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Romanian car market, fifth largest decline in EU after ten months
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Romania To Sit Next Test In Schengen Accession – Airport Re-evaluation
Experts from the Schengen Area evaluation committee will visit Romania Monday to Wednesday, to assess the country's progress regarding air borders, as some European Union member states are skeptical about Romania's capacity to join the Area in March 2011.
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Events for the weekend
Yet another week-end full of events in Bucharest, so again plenty of things to choose from if you’re staying in the capital city.
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Romanian Drivers Won’t Be Obliged To Get Snow Tires This Winter
Romanian drivers will not be obliged to equip their vehicles with snow tires this winter and the measure will be implemented starting November 2011.
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EBRD: Adopting EUR in 2015 – a target too optimistic for Romania
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Romania Must Sack 26,000 Public Servants To Enable 15% Salary Raise – Official
The Romanian public sector must lay off 26,000 employees between September and December
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Romania is for sale - but where are the buyers?
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Highway construction standard cost per km to reach 5.05-6.01 million Euro
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Winter tyre sales could reach 1.4bn euros
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Bucharest Apartment Prices Dn 45% On Year In Nov - Survey
Bucharest apartment prices fell by an average 45% between November 2008 and November 2009, with the biggest fall registered by newly-built three-room apartments, according to a national index launched Wednesday by imobiliare.ro website.
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Romania, IMF Set 2010 Budget Gap Target At RON32B
Romania and the International Monetary Fund agreed on a deficit target at the general consolidated budget of 31.9 billion lei (EUR1=RON4.1224) in 2010, according to the supplementary letter to Romania's standby arrangement with the IMF.
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Concerts in 2010
Find which are the concerts of 2010 in Bucharest!