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Articles - business environment

Romanian National Bank revises inflation down to 2.1%

The Romanian National Bank (BNR) estimates an inflation of 2.1% for the end of this year and 2.4% for the end of 2016, said yesterday Mugur Isarescu, BNR governor.

Unemployment rate was 6.4 percent in December 2014

The seasonally adjusted unemployment rate was 6.4 percent in December 2014, down 0.1 percent from November and down 0.6 percent year-on-year, according to data released on Friday by the National Institute of Statistics (INS).

The government’s objective this year is to cut the VAT starting 2016, says PM

The government’s objective this year is to cut the VAT for all products starting January 2016, said PM Victor Ponta on Wednesday according to Mediafax.

Over 17,000 SRL-D companies currently active at national level

Over 17,000 SRL-D companies (microenterprises belonging to debutant entrepreneurs) are currently active at national level. This means that their number grew by 6,000 companies year-on-year, Florin Jianu, President of the Young Romanian Entrepreneurs (PTIR), stated on Tuesday.

Half of CEOs in Romania are very optimistic about revenue growth

CEOs in Romania are more optimistic about the growth prospects of their companies but remain cautious about the global economic context, according to the PwC Global CEO Survey 2015.

Capital Economics: inflation will be at 0.8% this year, much under the expectations of the market

Inflation will be at 0.8% in Romania this year, much under the expectations of the market, which hoped to have a rate of 2.5% but, among the countries in Central and Southern-Eastern Europe only Romania and the Czech Republic will avoid deflation due to the drop in the price of oil, estimate the analysts in Capital Economics.

Romania reaches the lowest inflation rate in the last 25 years

The average prices in the last 12 months (January 2014 – December 2014), determined on the basis of the Consumer Price Index (CPI), grew by 1.1 per cent year-on-year, while the ones determined on the basis of the harmonized consumer price index (HCPI) grew by 1.4 per cent. In 2013 the annual inflation rate reached the record low of the last 24 years – 1.55 per cent.

New Fiscal Code by February 15, Romanian Govt. keeps flat tax

The new Fiscal Code and the Fiscal Procedure Code will be finalized by the Government until February 15 and will be submitted to the Parliament by March 15, to be debated and adopted, said Prime Minister Victor Ponta. He added that the 16% flat tax will not be modified in 2015 and 2016.

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