Deloitte's annual Tax&Legal conference, entitled “Rewriting tax law: turning a challenge into a business opportunity” took place on October 21st at Bucharest's Marriott Grand Hotel.The much needed dialogue on changing international laws and the necessity for Romania to keep up with these changes as well as the methods used in order to do this have long been leitmotifs for legal practitioners in the country....more »

According to Eurostat, Romania has seen the second negative inflation rate in Europe during September 2015...more »

According to the Romanian National Bank, direct foreign investment in the country amounted to approximately one billion EUR more than in January-August of 2014....more »

A recent press release, following a meeting between American Ambassador to Romania, Hans Klemm and Romanian Minister of Economy, Commerce and Tourism, Mihai Tudose, emphasized the importance of Romanian-American cooperation by publishing the relevant numbers with regard to foreign investments....more »

Shareholders of Banca Transilvania (BT) approved the merger with Volksbank Romania according to a recent press release....more »

The International Monetary Fund revised its initial estimates concerning Romania's economic growth rate....more »

The Romanian Competition Council has fined four producer and 78 distributor companies in the lacquer and paint market following certain irregularities with respect to deals between the two sides that established product prices....more »

Romanian Finance Minister, Eugen Teodorovici, declared recently that the country will start negotiations on a new deal to be signed with the International Monetary Fund by the end of this year. The focus of the negotiations will purportedly be on the implementation of structural reforms, and not budgetary deficit issues, Reuters reports. ...more »

Romania's OMV Petrom gas and oil group got approval from its shareholders to be listed on the London Stock Exchange (LSE). The company will issue GDRs (global depository receipts) for this secondary listing. Its Executive Board has the mandate to carry this on until December 31st 2016....more »

Dentons Bucharest office has advised the International Investment Bank in connection with a new project in Romania. The project envisaged a €15 million loan granted to the manufacturer of electrical wirings - Romcab Targu-Mureș.The credit facility will be used for financing the company’s work activities, especially the acquisition of raw materials....more »