The average wages in private sector increased by 6.4% in 2018, according to PwC’s PayWell survey

The overall private labour market salaries in 2018 were slightly higher than the planned levels. Nationwide, salaries increased by 6.4% higher than the planned adjustment (5.7%), according to the 20th edition of PayWell Salary and Benefits Survey conducted by PwC… Read moreThe average wages in private sector increased by 6.4% in 2018, according to PwC’s PayWell survey

Romania might be the second Member State, after the Czech Republic, to apply the generalized reverse charge mechanism

ECOFIN (Economic and Financial Affairs Council of the European Union) has recently decided that EU Member States “most affected by VAT fraud” will be able to apply, by 30 June 2022, under very strict technical conditions, the generalized reverse charge… Read moreRomania might be the second Member State, after the Czech Republic, to apply the generalized reverse charge mechanism

Uncollected VAT is costing the state budgets of five CEE countries over 28 billion Euro per year, according to PwC study

According to PwC estimations, the cost of uncollected VAT to the state budgets of five Central and Eastern European (CEE) countries amounted to over 28.2 billion Euros in 2015. The results of this study were presented today at a PwC… Read moreUncollected VAT is costing the state budgets of five CEE countries over 28 billion Euro per year, according to PwC study

The total number of cars in circulation in Romania increased by 21% after 2008, however most of the increase came from second-hand cars

• More than half of the national auto fleet is made up by cars older than 10 years; • The average age of the national auto fleet reached 12,9 years, 4,6 years older than the EU average; • The share… Read moreThe total number of cars in circulation in Romania increased by 21% after 2008, however most of the increase came from second-hand cars