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Articles - business environment

January 1, 2019 – Government’s new target date for Euro Zone

Romania has set out to adopt the euro currency in 2019, when it will hold the EU presidency for the first time. “It is extremely important to put into action the convergence plan in order to align ourselves with EU standards and to reach the objective of acceding to the Euro Zone in 2019,” Prime Minister Victor Ponta stated yesterday.

Ponta on Q1 2014: Preliminary data indicate a 3.7 percent GDP growth

Preliminary data on the first quarter of 2014 indicates an economic growth of 3.2 percent, according to Victor Ponta, who made the announcement on television for Romania TV.

Moody’s changes outlook on Romania’s Baa3 rating to stable

Rating agency Moody’s Investors Service has changed the outlook on Romania’s Baa3 government bond rating to stable from negative. Concurrently, Moody’s has affirmed Romania’s Baa3/P-3 government bond ratings, according to a press release.

Government approves support scheme for job creators

The Government’s plan to partially cover salaries in firms that generate a minimum of 20 jobs was approved on Wednesday. The government financial support will be provided for two years.

Government approves tax exemption for reinvested profit and vows to eliminate 70 taxes

The Government approved an emergency ordinance on Wednesday regarding the tax exempt for reinvested profit and eliminating over 70 taxes in the near future, prime-minister Victor Ponta announced.

Erste :The Romanian economy could surpass this year the level of 2008 for the first time

The GDP of Romania could surpass for the first time this year the level of 2008, supported by a coming back of the domestic demand, while the main risks could deteriorate the trust of the consumers and an agricultural production under the expectations, estimate the Erste analysts.

A first: Romania meets all criteria to join Eurozone

Romania admission to the European Union and the changes incurred by this process “irreversibly contributed to consolidating the reform processes, contributed to a society modernization, essentially contributed to the economic development” – this was the main idea expressed during the conference organised in Bucharest “Ten years later…,” held by the European Commission Representation.

Romania, second in insolvencies rates in CEE at active companies

Considering the number of new insolvencies opened during 2013 in CEE countries, Romania has the second highest rate of insolvencies compared to the number of active companies, 6.44 percent, according to a recently Coface CEE Insolvency Report 2013.

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