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Romania is on track to become 'fit for 55'-reducing its absolute emissions by 55 percent (relative to 1990) by 2030, consistent with the European Green Deal. However, becoming carbon-neutral by 2050 in an economically resilient and competitive manner would require an accelerated decarbonization...
Persistent link: https://www.econbiz.de/10015058838
Labor force particiaption (LFP) in Romania is-at 66.8 percent in 2022-significantly lower than the EU average, especially among women and less educated people. With a declining working-age population, rasing LFP could yield signifcant benefits including by boosting long-term growth, mitigating...
Persistent link: https://www.econbiz.de/10015058839
This Selected Issues paper analyzes the reasons for Romania's low labor force participation (LFP), and outlines policy options to raise it. It provides an overview over Romania's demographic challenges, analyzes LFP across demographic groups, and identifies possible causes. The paper also...
Persistent link: https://www.econbiz.de/10015058872
This 2023 Article IV Consultation discusses that Romania has weathered the economic shocks from the pandemic, Russia's war in Ukraine, and the resulting surges in energy and food prices relatively well. Growth is expected to recover modestly in 2024, and to return to its potential rate in the...
Persistent link: https://www.econbiz.de/10015058873
Persistent link: https://www.econbiz.de/10015060073
After a solid recovery from the pandemic, Romania is now, like other EU countries, facing strong headwinds related to the war in Ukraine. Output reached pre-crisis levels in H1 2021 and growth in Q1 2022 was strong. But inflation has risen rapidly, and the external and fiscal positions are weak....
Persistent link: https://www.econbiz.de/10015060074
This paper describes Romania's Technical Assistance report on reforming personal income taxation. With one of the lowest revenues in the EU and a projected budget deficit exceeding 7 percent of gross domestic product (GDP), Romania should rely on an array of tax instruments to mobilize revenues....
Persistent link: https://www.econbiz.de/10015060307
This paper highlights Romania's Technical Assistance report on improving revenues from the recurrent property tax. The current area-based property tax system in Romania is inefficient, producing revenue below its potential, while the taxable value determination is inequitable and complex. The...
Persistent link: https://www.econbiz.de/10015060308
Marketers and retailers have to understand how to manage different consumer perception levels of retail brands, which have a major determining role on store loyalty across different complex contexts. Addressing these issues, Bettina Berg analyzes first whether corporate reputation and retail...
Persistent link: https://www.econbiz.de/10010187847
Persistent link: https://www.econbiz.de/10012507980