Economy

Economy (8)

The Magurele-based ELI-NP high-power laser facility is the national 'flagship' at Astana EXPO 2017, as it is the most important investment in Romanian research, iconic of the Romanian science and laser technology.

The central element of our country’s pavilion at the Expo Astana 2017 presents an ensemble of 3 scale models: the ELI-NP research infrastructure, the first Romanian laser (and fourth in the world, invented by I. Agarbiceanu in 1962), and the VVR-S Nuclear Reactor model (under decommisioning process), all accompanied by videos and power-point presentations.

Around half of the companies in Romania will pay higher taxes if the Government introduces in 2018 the turnover tax instead of the current profit tax, according to an assessment by Iancu Guda, the president of the Financial-Banking Analysts Association in Romania (AAFBR).

At the same time, one in three active firms risk going insolvent if the Government goes through with the turnover tax.

The assessment looked at three possible scenarios and took into account the latest available data on the companies’ financial situation. A total of 651,499 companies reported their financial results in 2015, 27% of which had no activity. 

In 2015, foreign companies invested almost $3.4 billion in Romania, which is also the average FDI that the country has attracted in the last four years, according to the World Investment Report 2016. In 2016, Romania is expected to be the EU’s fastest growing economy. Will that growth help the country increase FDI into the country?

There is a lot of discussion these days about HSE culture, but what does HSE culture really mean? Informally, it can be described as “the way we do business around here,” and a mature and efficient HSE culture means that we are doing business this way not because we are required to but because we strongly believe in what we are doing. However, is that always the case?

Sunday, 14 May 2017 10:12

Where does Romania's Economy go?

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For many centuries Romania's economy was based on agriculture. In the 1930s Romania was one of the main European producers of wheat, corn and meats and it used to be called "the bread basket of Europe." In the 1950s the communist leader of Romania, Gheorghe Gheorghiu Dej, began developing heavy industry.

Wednesday, 10 May 2017 16:23

Nuclear Power in Romania

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In 2002 efforts got under way to resume work on Cernavoda unit 3, and SNN commissioned a feasibility study from Ansaldo, AECL and KHNP (S.Korea) in 2003.

Wednesday, 10 May 2017 15:22

Dracula's Castle For Sale in Transylvania

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There are those who believe that 20,000 people were murdered within the walls of this magnificent castle, and those who have doubts about the presence of Dracula in the imposing maze of gloomy corridors.

Romanian state-controlled electricity holding Electrica has submitted an offer to take over Czech energy group CEZ’s subsidiary in Bulgaria, energy minister Toma Petcu said yesterday in an interview with local DC News, reports local Agerpres.

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