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Articles - business environment

Study: Romania ranks 13th among best destinations for services

Romania ranks 13th globally among the best investment destinations in the services area, according to the study „Global services location index 2016“ made by management consultancy company A.T. Kearney.

PwC: half of the company managers in Romania expect higher income this year

The company managers in Romania are among the most optimistic in the world regarding the possibility of increasing income, half of them expecting a positive evolution over the next 12 months, while 56% intend to increase the number of employees, according to a survey made by PwC.

Romania’s tax-to-GDP ratio lowest in the EU, says Eurostat

Standing at 27.7 percent, Romania’s tax-to-GD ratio in 2014 was the lowest in the EU bloc, surpassed by Bulgaria (27.8 percent), Lithuania (28.0 percent) and Latvia (29.2 percent), show data from Eurostat, the statistical office of the European Union.

Foreign direct investment, up by 35% in Romania

Romania attracted EUR 99 million worth of foreign direct investment (FDI) in November 2015, reaching EUR 2.88 billion inflows in the first eleven months of the year, according to Romania’s National Bank (BNR).

Konieczny (FP): Romania’s attractiveness for foreign investor will have to be fed by fiscal relaxation measures

Romania’s attractiveness for foreign investors should be fed by measures of fiscal relaxation such as VAT reduction to 20% as of 2016, followed y a drop to 19% next year, reductions of the income tax on dividends from 16% to 5% and the elimination of the tax on special constructions as of 2017, says Greg Konieczny, the manager of Property Fund, in a press release.

Survey: 2016 could be the best year for Romania’s economy after 2009

The Romanian economy could record its highest performance after 2009 this year, according to a survey made in December last year by the business information and credit risk management firm KeysFin.

Investments to be Romania’s main economic propeller in 2016, says EY

Both EU funding and private investments are expected to be the main forces behind Romania’s economic increase for the next year, according to EY’s December Eurozone Forecast.

4.1 pct growth for Bucharest economy, forecasts National Prognosis Commission

Bucharest economy will grow by 4.1 percent next year, at the same rate as the national average, National Prognosis Commission (CNP) estimates show. GDP per capita will exceed EUR 22,300, which is EUR 1,400 above 2015 values and more than two times the average of Timis county, the second highest in the country.

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