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Articles - business environment

Romania climbs 17 points in Global Competitiveness Ranking

Romania jumped 17 positions, from 76 to 59, in the Global Competitiveness Ranking compiled annually by the World Economic Forum (WEF). Romania is currently placed better than other EU member states such as Hungary, Greece or Croatia, but is still behind Bulgaria, Cyprus, Latvia or Poland.

The cost of the working hour went up in Q2 in Romania, says National Institute of Statistics

The cost of the working hour has seen a 3.7 percent growth rate in the second quarter of this year, compared to the first three months. Compared to the same quarter of last year, the cost of the working hour has gone up by 4.99 percent , according to The National Institute of Statistics, quoted by Mediafax newswire.

Romania H1 net investments in economy down 9.1 pct

Romanian first-half net investments fell 9.1 percent to RON 25.18 billion (EUR5.71 billion) from the year-earlier period, on declining activity in construction and machinery and equipment, the country’s statistics institute INS said Wednesday.

The German investors think the economic situation is not good but 83% would invest again in Romania

Only 7% of the German companies in Romania appreciate the economic situation of the country is good but 83% of the above would choose the Romanian market for investments. 58% expect a growth of the turnover and 45% intend to hire new people.

Number of companies with foreign shareholding goes up to almost 200,000 on June 30, 2014

The number of companies with foreign shareholding went up to 195,539 on June 30, 2014, as against 192,416 such units on December 31, 2013, according to data centralised by the National Office of the Trade Register (ONRC).

The managers of companies estimate growth for all sectors in July – September

The managers of the companies estimate for July – September growth in the retail sector and moderate advance for the manufacturing industry, constructions and services, by comparison to the three previous months, according to the indicator ‘short term’ of INS.

Ponta: the foreign direct investments continued to grow in first months of 2014

Prime Minister Victor Ponta at the Victoria Palace on Tuesday said that the foreign direct investments continue to grow in the first months of this year, which allows a sustainable and stable growth, after which in 2011 they registered the lowest level over the past 15 years.

Company buildings to be taxed according to market value

The government will conduct a radical change in the way that companies are taxed for their buildings, writes Mediafax. At the moment, companies are charged by the State according to the official value established by accounting documents. The state wants buildings to be taxed based on an outside evaluation report, similar to market value, which would then lead to building taxes increasing.

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