Romania in Schengen as of 31 March 2024
#Romania #Schengen The Council of the EU has adopted on 30 December, the Decision on the application of the Schengen acquis in Romania and Bulgaria. From 31 March 2024, there will no longer be checks on persons at EU internal air and…
Eurostat: After Ireland, in the first three months of the year, compared to the last three months of 2021 Romania had the highest growth during this period (+5.2%), according to the final data.
Eurostat statistics: The Statistical Office of the European Union has released the final data on the development of the economies of the Member States in the first quarter of this year. Ireland was the country with the fastest GDP appreciation…
Getting fiscal residency in Romania
You would go where you are treated the best. Romania has the lowest tax rate in Europe (1% corporate tax). Once you decide to move your business or to set up a new one in Romania, you may consider getting...
Standard and Poor’s recommends Romania as safe for investments
As regards Standard and Poor’s rating grades, a bond is considered investment grade if its credit rating is BBB− or higher. Whenever bonds are rated with BBB+ such are qualified as being speculative and “junk” bonds. Standard & Poor's has reconfirmed in April...
Romania in Schengen
Romania will join Schengen area in 2022, based on the statement of European Commissioner for Home Affairs Ylva Johansson issued in February 2022 further to a visit of the humanitarian aid camp in the Siret Border Crossing Point with Ukraine,…
Employment in Romania
Employment in Romania According to the Labour Code, the employer must inform the employee about essential employment agreement clauses during the hiring process. However, many well-known companies practice good hiring practices and use human resources specialists to identify the best…
Employment lawyer
An employment lawyer in Romania is essential to a business’s legal and economic success. The country’s economic conditions have made labour disputes a common issue, and Romanian lawyers are familiar with the local context and can help companies deal with…
Human resources consultancy in Romania
In Romania, the field of Human Resources Consultancy has been growing in importance over the past few years. In recent years, the scientific and practical research has greatly improved, resulting in a massive amount of articles, books, and courses being…
Corporate changes Trade Registry in Romania
It is possible to change the directors of a limited liability company or a joint-stock company in Romania at any time. However, any such change needs to be registered at the Trade Registry in Bucharest. To avoid any ambiguities, associates…
Microenterprise in Romania
You can open a microenterprise in Romania by following a simple procedure. First, you must check whether the name you want is available. In Romania, you need to be registered in the National Trade Register. After you’ve chosen a company…