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Articles - business environment

EC improves its forecasts for Romania and the Eurozone

The European Union upgraded its economic forecasts Tuesday, betting that a modest recovery is now sustainable as member states push ahead with reforms.

Financial managers more willing to restructure than invest

Financial directors of Romanian companies are focusing on business growth and lowering expenses, which means they are more willing to restructure their business than invest, according to a Deloitte poll.

In 2014, Romania will meet all criteria for Euro Zone; EURO target – 2019

“In 2014, Romania will meet all the criteria for entering the Euro Zone – inflation rate, interest rate for bonds, exchange rate stability, budget deficit below 3 percent of GDP, and public debt below 60 percent of GDP. We are on target where increasing real convergence is concerned. Our EURO target is 2019,” a Government report on ‘Economic Results in 2013 – Targets for 2014-2015,’ presented by Prime Minister Victor Ponta Friday shows.

Romania GDP expands at the fastest rate in EU

The Romanian economy grew at the fastest pace in the European Union in the fourth quarter of 2013 compared with the previous three months, official data showed Friday, quoted by Mediafax.

Canada's Embassy, interested in IT field, scientific and technological parks in Cluj

The IT field and the scientific and technological park Tatepolis are two of the areas of interest approached by Canadian Ambassador in Bucharest, Joanne Lemay, in a Tuesday's meeting with the Cluj County Council's (north-west) Chairman Horia Uioreanu.

First CE anti-corruption report published: Romania’s reforms are unstable

The recently published EU Anti-Corruption Report explains the situation in each Member State: what anti-corruption measures are in place, which ones are working well, what could be improved and how.

New pro-business measures: The State will cover half of salary expenses for job creators

The State will offer to pay for half of the total value of salary expenses for firms that create a minimum of 20 new workplaces, according to MEDIAFAX.

Romanian managers worried about taxes

92% of Romanian managers are worried about the fiscal burden growing heavier, according to a PwC study. Romania’s managers rank second in the world for their “fiscal” fears, after France’s managers, and way above the global average of 70%.

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