We knew it was too good to be true

As we alas suspected, the powers-that-be want nothing to do with the rather excellent idea PNL senator Teodor Atanasiu proposed yesterday, which would see all communication from the Romanian tax office, ANAF, arrive via email and not via the notoriously unreliable Romanian post office. Sorin Grindeanu, the minister who would be responsible for implementing the… Continue reading We knew it was too good to be true

Victor Ponta just gave one of the world’s richest and most profitable companies your money

In a stunning new victory for Romania’s beloved prime minister Victor ‘Copy Paste’ Ponta in his neverending quest to find new ways of wasting the taxpayer’s money, we read with not a little outrage yesterday that he had handed a whopping €8.19 million to those needy people over at, ahem, Vodafone. (Yes, the same Vodafone… Continue reading Victor Ponta just gave one of the world’s richest and most profitable companies your money

Doing business in Romania: Why Mugur Isarescu is wrong

Mugur Isarescu, head of the Romanian National Bank (BNR), yesterday opened his presidential election campaign with a swipe at what he sees as being Romania’s high corporate tax rates. Isarescu, whose previous bid to become Romanian president (in 2000) split Romania’s centre-right vote and allowed far-right loonster Vadim Tudor to make the second round, told… Continue reading Doing business in Romania: Why Mugur Isarescu is wrong

A giant leap for small businesses in Romania

Almost three months since it took office, Romania’s new government has finally got something right: small businesses will now be required to pay VAT on invoices they issue only when the respective invoice has been paid. This is a policy we have long advocated and which will massively improve the business environment, at a stroke… Continue reading A giant leap for small businesses in Romania

Bucharest Life 2012: It’s all about politics

One thing will dominate Bucharest Life this coming year, and it’s not Elena Udrea in latex. No, having taken a year’s holiday, Romanian politics is back in a big way, with two sets of elections scheduled for 2012, the first since the controversial presidential election of 2008. As things stand today, the loose and unholy… Continue reading Bucharest Life 2012: It’s all about politics