Economics
VAT for agri-food products will be reduced to 9 pct as of June 2015
April 07, 2015 18:11
The VAT for all agri-food products, including non-alcoholic beverages and food services, will be reduced to 9 percent from 24 percent starting with June 1, 2015, announced the Prime Minister, Victor Ponta....more »
The New Union Customs Code: Romania has several years ahead before full transition to an electronic system
April 07, 2015 16:26
After more than twenty years since the last major changes to the customs legislation, the European Union will change its Customs Code. The new provisions that will reform customs legislation will take effect on May 1st, 2016. The companies involved in foreign trade operations are directly affected by the new provisions. They should act early this year to comply with the new changes in order to avoid discontinuing / changing in mid-2016 they ways they are currently conducting customs clearance....more »
VAT could be reduced to 20 percent starting with June 1, 2015
April 06, 2015 16:42
The Government will soon announce the reduction of the VAT to 20 percent starting this year, namely June 2015, instead of January 2016, as provided by the new Tax Code, governmental sources told gandul....more »
Valerio Brenciaglia takes the lead of Ford Romania's Sales Division
April 03, 2015 15:00
Valerio Brenciaglia has been appointed to replace Zoltan Brassai as General Manager of Ford Romania – National Sales Company, the latter having been named as Brand Director- Large Cars within Ford Europa....more »
Electrica: Preliminary negotiations on the potential acquisition of FP's stakes in its subsidiaries fail
April 03, 2015 10:47
The preliminary negotiations between Electrica and Fondul Proprietatea for the potential acquisition of the minority stakes the fund holds in the company's three distribution subsidiaries, as well as in its supply division, have failed, according to announcements sent to the Bucharest Stock Exchange, where the two entities are listed....more »
Endava appoints Eoin Woods, formerly UBS executive, as new Chief Technology Officer
April 02, 2015 16:44
IT services organization, Endava has appointed Eoin Woods from UBS to take up the newly created position of CTO (Chief Technology Officer). In this role, Woods will be in charge with defining technical direction within the firm and to key cli...more »
Romanian companies, more optimistic about business growth in 2015 than foreign-owned ones
April 02, 2015 14:26
Romanian-owned companies show more optimism in 2015 about the expected growth of their turnovers, investments, salaries, or workforce, than the foreign enterprises operating in our country, according to EY Romania's “New vision for growth 2015” study....more »
Bogdan Balaci, Philips Lighting: Connected Lighting, the future of the industry
April 01, 2015 16:47
While these days modern lighting is equivalent to using LED equipment, the technology developments achieved in recent years have brought this concept a step forward: to “connected lighting”, the future in this industry, according to Bogdan Balaci, Commercial Leader of Philips Lighting for SEE, who presented the company's innovations in this area, during a media conference....more »
CNADNR signs 400 mln lei contract with Eko Insaat for Bacau's bypass
April 01, 2015 13:54
CNADNR, the National Company for Highways and National Roads in Romania, has announced the signing of the contract for building a road passing round Bacau as an alternative route....more »
Romgaz announces two new natural gas discoveries in northern Romania
March 31, 2015 17:13
Romania's main natural gas producer, Romgaz, commissioned in March 2015 two new gas accumulations in the Moldavian Platform and in the Transylvanian Basin, which are currently under test....more »
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