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Articles - business environment

Romania's Fiscal Code and Fiscal Procedure Code pass Chamber of Deputies vote

The new Fiscal Code and Fiscal Procedure Code passed the Chamber of Deputies on Wednesday with 309 votes for, two votes against and one abstention, according to Mediafax newswire.

Romanian business environment had a satisfactory evolution in the second semester of 2014

The Romanian business environment had a satisfactory evolution in the second semester of 2014, after three consecutive previous quarters in which the economic evolution was unsatisfactory, which significantly affected the SMEs sector, National Council for Small and Medium-Sized Enterprises of Romania (CNPIMMR) Chairman Ovidiu Nicolescu told a press conference on Thursday.

Romania, second largest increase in hourly labour costs in EU

Romania recorded the second largest increase in hourly labour costs in the EU in the first quarter of this year, with a 7.1% advance. Latvia saw the largest increase with a 7.3% growth.

Romania and Malta, highest inflation rates in EU

Romania and Malta recorded the highest inflation rates in the European Union in May, according to EU’s statistical office Eurostat. The two countries saw a 1.3% annual inflation rate, whereas the annual inflation rate in the EU went up to 0.3% in May.

Stock market capitalization reaches all-time high in Romania

The market capitalization of all companies listed on the Bucharest Stock Exchange (BVB), including international ones, exceeded RON 150 billion (EUR 33.5 billion) in May, for the first time in the history of the local bourse.

Romania’s economic growth up 3 pct in 2015, says World Bank

The World Bank has upwardly adjusted to 3 percent its estimates of Romania’s economic growth in 2015, from a previous 2.9 percent this January, according to the June edition of the bank’s “Global Economic Prospects. The Global Economy in Transition” quoted by Agerpres and released on Wednesday.

Average net salary goes up in Romania in April

The average net salary in Romania amounted to RON 1,857 (EUR 421) in April, 1.5% higher than in March (RON28). Compared to April 2014, the increase was of 7%, according to latest data from the National Statistics Institute.

Where does Romania stand in the world competitiveness ranking?

Romania ranks 47th out of 61 countries, in this year’s edition of the World Competitiveness Yearbook published by the IMD World Competitiveness Center in Lausanne, Switzerland.

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