With inflation near 11% and the NBR's policy rate at 6.5%, the gap looks alarming. Raiffeisen Bank chief economist Ionuț Dumitru argues the real picture is more nuanced.
Inflation near 11%, NBR rate at 6.5% — the gap reflects supply shocks, not loose monetary policy.
Price rises were driven by energy, commodities and fiscal measures, not excess demand.
NBR kept a symmetric stance: no sharp hikes on the way up, no sharp cuts on the way down.
Durău Park, developed by the family of a prominent agricultural entrepreneur, has grown from a beginner ski slope into a full-scale mountain leisure complex.
The Tărâță family has invested €4 million in the Durău mountain leisure park.
The complex now features a ski slope, sledding run, snowmaking system and rental centre.
The project expanded gradually from a single beginner slope.
Romania's Finance Ministry is requiring large companies and multinationals to submit transfer pricing documentation through the online tax portal within 30 days of filing their annual corporate tax return.
Transfer pricing files must now be proactively uploaded to the tax portal, not just kept on file.
The deadline is 30 days after submitting the annual corporate income tax return.
Multinationals must overhaul internal documentation processes to meet the fixed deadline.