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Articles - business environment

Romania’s monthly minimum wage is EU’s second lowest

Romania is having the second lowest minimum wage in the European Union after Bulgaria, although it doubled since 2008, according to data released on Thursday by Eurostat.

Three-star hotel in Bucharest opens private offices for clients

Three-star hotel Ibis Bucuresti Gara de Nord, part of the economy hotel chain Ibis, will open private offices for customers staying in the hotel.

Romania enters top 10 most promising frontier markets

Romania recently joined the top 10 the most promising frontier markets, based on the perspectives offered to big investors.

EY: Most top managers see business increase in 2015, backed by investments and hiring

Top executives in Romania are optimistic about this year’s evolution of businesses they run, most respondents of a study made by EY anticipating profit increases, backed by the continuation of investments and hiring personnel.

Flat tax rate to go down from 16 to 14 pct as of January 1, 2019

The flat tax rate will go down from 16 percent to 14 percent as of January 1, 2019, Minister of Public Finances Darius Valcov announced at the government meeting for the presentation of the draft amendments to the Tax Code and the Tax Procedure Code.

Romania’s Government to drop dividend tax next year

Romania’s Government plans to eliminate the taxation of dividends distributed by companies in Romania starting January 1, 2016. The proposal is part of the new Fiscal Code project that was presented by the Government on Wednesday, February 18.

New Tax Code lowers VAT to 20 pct as of next year

The new Tax Code draft foresees the decrease of the standard rate of VAT, as of January 1st next year, from 24 percent to 20 percent and for meat, fish, vegetables and fruit to 9 percent.

Cluj IT Cluster certified at European level

Cluj IT Cluster, one of the most important IT clusters at national level, has obtained the Bronze label certification based on the methodology accredited by the European Commission and created by the European Cluster Excellence Initiative (ECEI). This certification is offered for the management of organizations and their development capacities.

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