Vastint
A new law that entered into force yesterday cancels the extra taxes that individual real estate developers had to pay to the tax agency...

New armored vehicle made in Romania to use 87% local components

The Romanian-German joint venture that will produce the new 8X8 Agilis armored vehicles at the Moreni plant in Romania will create 600 direct and...

Romania’s Competition Council slaps EUR 5 mln fines on private security cartel

Romania’s Competition Council sanctioned 33 companies and four associations active on the private security services market with total fines worth some EUR 5 million...

Romania sees higher trade with U.S., Canada, Germany, China and Russia

Romania’s trade with some of the world’s biggest economies strongly increased in 2017, according to business environment minister Ilan Laufer. He said that the economic...

Famous Romanian shoe factory goes into insolvency

Clujana, one of the oldest shoe factories in Romania, went into insolvency, according to a decision of the Cluj Specialized Court, cited by local...

Competition Council approves Romanian-German defense joint venture

Romania’s Competition Council approved the joint venture between state defense contractor Romarm and German defense group Rheinmetall, which will produce an armored vehicle for...

German automotive company builds new factory in Craiova

German company Wielpütz Automotive will build a EUR 10 million car component factory in Craiova, Southern Romania. The company’s representatives signed on Wednesday the contract...

Romania’s roads company suspends highway reception due to nonconformities

CNAIR, the company that manages Romania’s road infrastructure projects, has suspended the reception of the third section of the Sebes – Turda highway due...

Second hand car registrations reach all-time record in Romania in 2017

Second hand car transactions in Romania reached 1.1 million units last year, up by 58% compared to 2016, when 642,000 second hand cars were...

Romanian banks sell bad loans worth under EUR 1 bln in 2017

Banks in Romania sold non-performing loans with a nominal value of under EUR 1 billion in 2017, almost half compared to 2016, when the...

Bucharest City hall to build Park&Ride parking in eastern area

Bucharest’s General Council approved on Wednesday the Zonal Urban Plan – PUZ for a Park&Ride parking in the city’s Pantelimon area. The parking will have...

From Our Partners

(P) British School of Bucharest opens Scholarships Programme for the 2018...

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The British School of Bucharest is opening 2018 - 2019’s scholarship programme, offering 10% to 100% scholarships and bursaries for students aged 13-16. The programme is...

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