August 2016

Employees doing R&D in Romania get tax exemption on wages starting today

Starting from today, August 1, two fiscal changes come into force – the tax exemption on wages of researchers and the VAT of nine percent for some agricultural products.

Analysis: Romanian medical institutions starting to provide more complex services

An advanced research & development center in experimental medicine was recently inaugurated in Iasi. Meanwhile, some state hospitals across Romania are making progress in expanding the range of more complex medical services that they offer patients. And the past month has seen a high number of transplants of various organs.

INS: 175,317 cars newly registered in the first six months in Romania

The cars registrations grew by 19.2 percent in Romania during January-June up to 175,317 units, compared with the same period of 2015, according to National Institute of Statistics (INS).

Romania agriculture outlook: Farmland prices continue to grow in 2016

Farmland prices are projected to continue to rise in 2016 after growth of approximately 10 percent last year. Given that they are still well below the average prices in Western Europe, the acquisition of local farmland is set to remain a lucrative opportunity for those looking to start a farming business and investors alike.