ROMANIA
The EU Artificial Intelligence Act (AI Act) – the first harmonized legal framework for artificial intelligence globally – will enter into full applicability on 2 August 2026. In 2024, global investments in AI grew by 62%, reaching $110 billion. Romania has positioned itself as a ...
This national average has significant differences sectoral on the one hand and regional on the other.
Housing prices in Romania: 2000 - 2008 The Romanian real estate market experienced a strong surge at the turn of the millenium. Average real estate prices in large cities like Bucharest doubled between 2005 and 2008, and quadrupled between 2003 and 2008. Housing prices in Romania: 2008 - ...
Bank cards are currently accepted to their greatest part in businesses in large cities, hotels and restaurants. In many rural areas or at small businesses, you usually have to pay in cash.
Corruption in Romania seemed to hinder the country’s economic development. However, since 2010, plans have been put in place to stop this corruption.
The Cluj region, Cluj-Napoca according to its full name (which the French speakers pronounce clouge), is experiencing a particularly rapid economic development, stimulated by massive foreign investment. So much so that the Cluj region is becoming one of the most active one in Europe, with a GDP ...
As of August 1993, all profits are transferrable after tax obligations have been met. “Non-resident investors in Romania have the right to transfer, in convertible currencies, earnings from dividends or profits originating from a company where they are shareholders or partners, without ...
Ordinance 92 of 1997 was passed to create an attractive environment for investments in Romania, eliminating size and nationality requirements. It clarifies and simplifies the legislative framework, doing away with unnecessary bureaucratic paperwork. Tax concessions and customs facilities are ...
General partnership companies (SNC in Romania) Limited partnership companies (SCS, SCA) Public limited company (Romanian SA) Limited liability companies (Romanian SRL), including limited liability companies with one associate The types of corporations which are formed are generally ...
LPG Romania can assist in finding Romanian sub-contractors or suppliers in Romania. We can also work along with the LPG Bulgarian office for Bulgarian sub-contractors or suppliers if the client wishes as these can offer even lower costs. The following is a sample list of the industries which ...
Romania has the second largest market in Central and Eastern Europe after Poland. With a population of 22 million inhabitants, it is the 7th largest population in Europe and the 8th largest based on purchasing power parity. Romania has been a member of NATO since 2004 and of the European Union ...
An important part of registering a Romanian company or even in order to export to Romania, is finding an office space, production space, or warehouse in Romania for rent or purchase. LPG can help you do this in Bucharest, its surroundings and the rest of the country. officesretailproduction ...
Expertise
Précis de droit comptable et aspects fiscaux
April 2023, publication of the new edition of the Précis de Droit Comptable, by Denis Colin, manager of the Fiduciaire LPG