At aggregate level, according to companies polled, the main financial indicators remained largely steady in October 2016-March 2017, similarly to the developments seen in April-September 2016. The share of companies posting higher labour costs went up from the previous round (37 percent, from 31 percent).
Continuă lectura „Developments in non-financial corporations’ main financial indicators”
If you have a business and want to expand to another EU country, you could consider creating a European Company. The European Company – also known as SE – is a type of public limited-liability company regulated under EU law.
Subsidiaries, branches and representatives in Romania
Goods
Countries within the EU
Selling to businesses – If you sell goods to another business and these goods are sent to another EU country, you do not charge VAT – if the customer has a valid VAT number.
The EUR/RON exchange rate witnessed stronger fluctuations in the first half of 2017 Q1, before embarking on an almost constant uptrend. Its behavior, only partly correlated with that of the exchange rates of the main currencies in the region, reflected this time primarily the changes in investor sentiment vis-à-vis the local economy and financial market, brought about by domestic events/developments, and, to a smaller extent, the external influences.
According to the Inflation Report published by the NBR, during the period from October 2016 to January 2017, the number of employees in the economy kept rising at the relatively robust pace it had posted since the beginning of 2016 (+3.5 percent in annual terms). The advance was further ascribable to hiring in market services in particular, with trade, administrative and support service activities, and transport making significant contributions, bolstered by the brisk pace of increase of consumption.
With a contribution of €100 million from the European Regional Development Fund (ERDF), the SME initiative aims to boost the development of Romanian small businesses via new and innovative ways to invest Cohesion Policy funds.
Real GDP growth is projected to remain strong, on the back of fiscal easing and wage increases. Unemployment fell significantly in 2016 and is expected to remain at a low level in 2017 and 2018. With a positive output gap, inflation is set to pick up. The budget deficit is projected to continue increasing due to tax cuts and higher public spending. The draft unified wage law poses a significant downward risk to the fiscal forecast.
Continuă lectura „European Commission: May Economic Forecast for Romania”
The European Investment Fund (EIF) and Raiffeisen Bank, have signed a COSME agreement that will allow the Bank to provide RON 800,000,000 (ca. EUR 177m) in loans to small and medium-sized Romanian businesses.
The annual inflation rate remained relatively steady in March 2017, standing at 0.18 percent, against 0.2 percent in the prior month, in line with the NBR (National Bank of Romania) projection. Behind this stood the slowdown in the annual dynamics of fuel prices, which offset the effects of the faster increase in volatile food prices and of the higher adjusted CORE2 inflation rate (calculated by excluding from the consumer price index the following categories: administered prices, volatile prices, and tobacco and alcoholic beverage prices.), whose annual rate crept up to 1.04 percent, from 0.91 percent in February.
