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Articles - business environment

French investors: Romania should move from low-cost labor to competitiveness

Romania needs to turn from a cheap labor economy into a competitive economy if it wants to grow and attract new investments, said Eric Faidy, president of the French Chamber of Commerce in Romania.

EC revises up Romania’s GDP growth forecast

The European Commission said on Tuesday it raised its forecast for Romania’s economic growth to 2.8 percent for 2015 and 3.3 percent for 2016, as a result of strong private consumption and recovering investment.

Over 2.6 million firms registered in Romania in the past 25 years

More than 2.6 million companies have been registered, and 1.13 million have been closed in Romania since 1990, according to data from the Romanian Trade Registry’s Office ONRC.

Unemployment rate reaches 6.8% in Romania

The unemployment rate in Romania reached 6.8% in 2014, down over the previous year.

CIS: almost 40%of the companies consider that the capital investments in Romania are not competitive

Over 60% of the companies are expected to have an increase of the income by almost 15%, advance supported by the domestic market rather than by exports, and on the other hand 40% consider that the capital investments in Romania are not competitive, shows a study of the Council of Foreign Investors (CIS).

IMF: Romanian economy to grow 2.7% in 2015

Romania’s economy will increase this year by 2.7%, according to a report by the International Monetary Fund (IMF) published on Tuesday, April 14. IMF experts have maintained their forecast from the end of their visit in Bucharest in February.

Romania’s FDI up 45 pct in first two months y-o-y

Foreign direct investment (FDI) in Romania totaled EUR 409 million in the first two months, up 45 percent against last year’s similar period, of which equity (including estimated net profit) amounted to EUR 358 million and intercompany lending to EUR 51 million, reads a press release issued on Friday by the National Bank of Romania (BNR).

PM Ponta: Gov’t to decide on VAT cut by 4 per cent these days

Prime Minister Victor Ponta said Monday that the Government will these days decide on the cuts in the Value-Added Tax (VAT).
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