US ambassador to Romania Hans Klemm criticized on Saturday, July 22, the way in which the Parliament adopted the offshore law, which regulated offshore...

Finance minister asks US ambassador to lift visas for Romanian investors

Romanian finance minister Eugen Teodorovici asked US ambassador Hans Klemm to propose to the US administration to lift visas for Romanians who travel to...
cost of labor

Hiring foreign workers becomes simpler in Romania

Companies in Romania that want to hire foreign workers will be able to do so more easily after the Government simplified the conditions by...
GDP

Prognosis Commission lowers Romania’s economic growth estimate for this year

Romania’s National Prognosis Commission lowered its estimate for the local economy’s growth this year, from 6.1% to 5.5%. The commission also revised downwards its domestic...

Romanian seaside hotels keep restaurants closed due to labor shortage

Labor shortage seriously affects the tourism industry at the Romanian seaside this season, with some hotels even keeping their restaurants closed because they can’t...

Romania to set up EUR 13.5 mln pilot training center with full flight simulator

Romania will set up a new pilot training center equipped with a full flight simulator. The center will require an investment of RON 63...

Romania’s Govt. approves EUR 1 bln financing for cultural objectives

Romania’s Government approved on Thursday, July 19, an emergency ordinance that allots a multi-annual budget of EUR 1 billion for the acquisition, rehabilitation and...

Romanian Govt. changes rules for environment authorizations

Romania’s Government adopted an emergency ordinance that changes the rules for granting environment authorizations. Thus, the environment authorizations will no longer have a limited validity...

First gas station in Romania powered by renewable sources

Rompetrol Downstream, the retail division of the KMG International Group, announced that it has completed the fitting of the first Rompetrol gas station with...
European Commission

Romania may pay penalties for failing to adopt anti-money laundering EU directive

The European Commission (EC) referred Greece and Romania to the Court of Justice of the EU for failing to implement the 4th Anti-Money Laundering...
Eurobonds

Micro-lender owned by US NGO sells bonds to finance activity in Romania

Vitas Romania, a non-banking financial institution (IFN) that specializes in micro-loans for local startups, will issue RON 15 million (EUR 3.2 million) worth of...

From Our Partners

(P) Is Romania compliant with the EU legislation regarding money laundering?

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A year has passed since Romania should have implemented the EU Directive on the prevention of the use of the financial system for the...

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