Telecom operator Orange Romania registered revenues of EUR 986.8 million in 2016, up 4.2% over the previous year, when the company’s revenues reached EUR...

Zero VAT for house sales, advertising, reaches Romanian Parliament

Romania’s Social Democratic Party (PSD) leader Liviu Dragnea yesterday submitted to the Parliament a law project introducing zero VAT for the sale of houses. The...

European Commission: Corruption in Romania persists at all levels

Corruption persists at all levels and remains an obstacle for doing business in Romania, states the European Commission 2017 report on Romania released on...

OMV Petrom invests EUR 60 mln in new gasoline production unit

Romanian oil & gas producer OMV Petrom will invest about EUR 60 million in a new unit converting liquefied petroleum gas (LPG) into gasoline. The...

Romania, among EU states with lowest annual inflation rates

Ireland (0 2%), Romania (0.3%), and Bulgaria (0.4%) registered the lowest annual inflation rates in the EU in January, according to data released yesterday...

Bloomberg: Romanian analyst from Transylvania dares to contradict EBC president Mario Draghi

Romanian analyst Andrei Radulescu, local lender Banca Transilvania’s senior economist, has managed to surprise everyone with his forecast that the European Central Bank (ECB)...

Bucharest authorities will check how taxis operate in the capital

Joint teams of the Bucharest City Hall and the Traffic Police will carry out “extensive” controls to see how the taxis in the Romanian...

Romanian arrested for taking RON 1.5 mln to influence state bank president in signing...

Romanian prosecutors from the National Anticorruption Department (DNA) arrested a local businessman for allegedly receiving RON 1.5 million from several IT firms to determine a...

Bucharest Stock Exchange index reaches its highest level in nine years

The main index of the Bucharest Stock Exchange, BET, passed the 8,000 points mark on Wednesday morning, reaching its highest level in the last...

Carrefour to open first Billa rebranded store in Romania on March 1

French group Carrefour will open on March 1 the first store from the Billa network, which has been remodeled and rebranded under the Carrefour...

Romania’s broadcaster Kanal D fined for breaking law on advertising time

Romania’s National Audiovisual Council (CNA) decided yesterday to sanction the broadcaster Kanal D with the maximum fine of RON 200,000 (EUR 44,290) for breaking...
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