The mix of administrative spending cuts and tax hikes starts with tax hikes. As of August 1, the standard VAT goes up from 19% to 21%, the food VAT from 9% to 11% and the power VAT from 5% to 11%, Romania’s Prime Minister Ilie Bolojan said on Wednesday.
Digital Keez SRL, the accounting tech startup held by Norway’s IT giant Visma, has announced that Stelian Trandafir has taken over as the company's new Chief Executive Officer (CEO), starting July 1, 2025.