Romania News

Romania News – Wednesday 10/08/2022


-Speaker of the Chamber of Deputies Marcel Ciolacu, the national leader of the Social Democratic Party (PSD) in the ruling coalition, said that to him it is an honour to be the prime minister, but the vote of his colleagues is the one that decides it.


-A series of legislative novelties in the field of VAT will enter into force from January 1, 2023 as a result of the amendment of the Fiscal Code by Government Ordinance 16/2022, the biggest impact to be in the food, tourism and real estate sectors, is the conclusion of an analysis published on Tuesday by Izabela Stoicescu, Senior Manager PwC Romania and Cristina Florea, Senior Consultant PwC Romania.

-The government is going to approve on Wednesday a draft law on the ratification of the loan agreement agreed with the International Bank for Reconstruction and Development (IBRD) regarding the first programmatic financing for development policies for green and inclusive growth.

-Banks have crossed the line and taken the ROBOR rate-the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019- above the central bank’s policy interest rate, Romania’s central bank governor Mugur Isarescu said Tuesday.


-The number of companies with foreign capital newly established in Romania increased, in the first six months of 2022, by 35.1%, compared to the same period a year ago, to 3,476 units, data centralized by the National Office of the Trade Register (ONRC) showed.

-The number of commercial companies and authorized natural persons (PFA) having become insolvent increased by 11.9% in the first six months of 2022, compared to the same period in 2021, with 3,417 insolvencies being registered, according to ONRC.