Romanian government to repeal Law 173/2020 which prohibits the sale of state assets
Romania's new Prime Minister Florin Citu announced on Jan.
Legal & Tax
Romanian parliament votes immediate 40% hike in public pensions
The Romanian parliament voted on Tuesday (Sep. 22) to hike all state pensions by 40%. The 40% increase was first approved last year by the then ruling Social Democratic Party (PSD), which remains parliament’s largest party.
Romania's Emergency Ordinance 114/2018 explained
The Coalition for Romania’s Development (CDR), a private, non-political initiative, gathering the most representative organisations for the business environment in Romania, wrote an open letter to the Prime Minister Viorica Dancila on Wednesday (Jan.
Romanian government to create sovereign wealth funds for investment
Romania’s government approved the legal framework for the setting up of sovereign wealth funds for development and investment, finance minister Eugen Teodorovici announced on Thursday.
Social contributions changes as of January 2018- Ministry of Public Finance of Romania
Social security contributions will be borne exclusively by employees as of January 1, 2018, the Ministry of Public Finance says in a press release.
Managers are challenged by changes of legislation in Romania
Over 60% of financial managers in Romania say that frequent changes of legislation is a challenge for local businesses, according to a study by GfK, the market research institute.
