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Articles - business environment

The FIC warns members may redirect investments following Romania’s tax drive

The Foreign Investors’ Council (FIC), the business advocacy group, said on Monday the local fiscal instability has wider consequences for Romania as an investment destination, after the government announced plans to enforce new taxes next year.

EBRD revises 2.4 pc upward the increase of Romania’s GDP in 2014

The European Bank for Reconstruction and Development (EBRD) improved Romania’s economic growth forecast for next year from 2.2 pc – the level anticipated in May – to 2.4 pc, but warned that short-term prospects are further limited by the poor evolution of the euro zone, reads an EBRD report on the economic prospects of the countries where the bank operates.

Chinese investors turning to CE

More Chinese investors are turning their attention to Central Europe, after recently closing their first deal in the region: Silesia City Center, a shopping center in Poland, was sold at a price equivalent to almost EUR 400 million.

Romania, a significant target for regional investments

Romania reappears as a significant target for regional investments at a time when investors in emerging economies consider a large amount of investments in non-BRICs (Brazil, Russia, India and China) economies, according to the latest confidence barometer compiled by Ernst & Young for the region of Central and South – Eastern Europe, Agerpres reports.

Romania 2013 Economic Growth Estimated to 2.2 pct

Romania will record 2.2 percent growth this year as compared to the previously-estimated 1.6 percent and its economy will expand next year by 2.1 percent as compared to the previous forecast of 2.2 percent, according to the autumn predictions made public by the European Commission on Tuesday.

Romania’s government to keep flat tax of 16 percent

PM Victor Ponta said on Thursday Romania will maintain its flat corporate tax as this one of the decisions of the ruling coalition USL, adding a progressive taxation mechanism is out of question for the moment, reports Mediafax newswire.

New Tax for Property Types Currently Exempted

The owners of constructions which are not part of the category of buildings, such as parkings and pools, will have to pay tax starting next year.

JLL: Flat Tax Increase Will Postpone the Real Estate Investors Return

The eventual increase of the flat tax will damage Romania’s competitiveness, and the negative effects could not be counteracted by VAT decrease, has declared Gijs Klomp, head of Jones Lang LaSalle (JLL), saying that all the real estate market segment will be impacted by such a measure.

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