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Articles - business environment

Moody's: Improved macro-economic balance supports Romania's credit profile

Romania's Baa3 government bond rating is supported by the government's moderate debt levels as well as the anticipated improvements in productivity and incomes, says the annual credit report published by Moody's Investors Service on Thursday.

Romania, among the favourite destinations for the companies in the Outsourcing & Offshoring industries

Romania is one of the favourite destinations of the companies in Outsourcing & Offshoring (O&O) industries in Central and Eastern Europe, according to a study made by Colliers International.

Romanians are EU’s hardest working employees

Romanian employees (full-time) worked the biggest number of hours last year, compared to the rest of the European Union, according to Coe-Rexecode Institute. Romania and Greece are the only countries in the European Union where the number of hours on the job spent in a year is higher than 2,000 for 2013 with 2,099 and 2,010 hours respectively.

Business environment: CAS cut, positive impact on economy

The Coalition for the Development of Romania (CDR) welcomes the measure to reduce by 5 percent the taxes paid by employer for the social security contribution due to the public pensions system, in effect as of October 1, 2014.

Gov’t approves social insurance contributions cut by 5 pc

Romania to have second-lowest costs in region following this measure.

Romanians of any age can set up first enterprises free of charge

Romanians of any age who had not previously started up in business, have the right to set up a small enterprise free of charge, thanks to the law on encouraging the setting up and development of small enterprises, adopted by the Chamber of Deputies on Wednesday, the Department for SMEs, Business Milieu and Tourism informed.

Romania, third increase in EU in terms of labour cost

Romania reported over the first quarter on a year-on-year basis the third highest increase in the hourly labour costs, 5.3 percent, over the 1.4 percent average European figure, but slower than in Latvia, 7 percent and Estonia, 6.8 percent.

Romania has the chance to become an emerging market over the next 12-18 months

The representatives of the industry of funds administration, segment of the economy which last year recorded the fastest increase since the beginning of the economic crisis, considered that Romania has big chances to go from the statute of border market to that of emerging market in the next 12- 18 months.

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