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Romanian President Signs Off On Bill Removing 102 Non-Fiscal Taxes
Social/Politics

Romanian President Signs Off On Bill Removing 102 Non-Fiscal Taxes

Romanian President Klaus Iohannis on Friday signed into law the bill stipulating the elimination of 102 non-fiscal taxes, the presidential administration said in a statement.

Gabriela Stan · 06.01.2017 · 15:04 · 1 min
Government Eyes New Measures To Boost Transparency And Integrity On Capital Market
Capital Market

Government Eyes New Measures To Boost Transparency And Integrity On Capital Market

The Romanian Government has approved a bill regarding issuers of financial instruments and market operations, which includes regulations meant to boost transparency and integrity on the capi...

Ecaterina Craciun · 10.08.2016 · 14:31 · 1 min
Government Must Help Companies Import Workforce
Social/Politics

Government Must Help Companies Import Workforce

Recruitment drives in prisons and churches are no longer enough to cover the staffing needs of companies.

Loredana Frățilă-Cristescu · 21.06.2016 · 10:14 · 4 min
Raiffeisen Bank: We Raised Required Down Payment Over New Mortgage Law
Banks-Insurance

Raiffeisen Bank: We Raised Required Down Payment Over New Mortgage Law

The decision to raise the required down payment for mortgage loans was because of the impact we estimate the enforcement of the new mortgage lending law will have on the risk taken by our ba...

Loredana Frățilă-Cristescu · 03.02.2016 · 09:36 · 2 min
Retail&Consumer

Romania To Stimulate Setup Of Agricultural Cooperatives By Tax Cuts, Exemptions - Minister

Farmers who will form agricultural cooperatives will be exempted from the payment of income tax and the tax for the goods and assets brought to the cooperative, while the profit tax will be...

Gabriela Stan · 13.10.2015 · 12:25 · 1 min
Social/Politics

Romania Approves 25% Wage Raise For Healthcare Staff

Romania's government approved an emergency ordinance Wednesday raising wages of staff in the public healthcare sector by 25% as of October 1.

Oana Gavrila · 26.08.2015 · 14:20 · 1 min
Government Drafts Bill Taxing Tips
Social/Politics

Government Drafts Bill Taxing Tips

The government wants to tax tips, which will require a separate receipt, and employers will be able to choose whether to have tips taxed as profit or distributed to employees and taxed as in...

Oana Gavrila · 15.04.2015 · 16:52 · 1 min
Bill Paid By Romania For Gazprom Gas Slid 14 Times During The Crisis
Energy

Bill Paid By Romania For Gazprom Gas Slid 14 Times During The Crisis

The bill Romania paid in 2014 for Russian gas imported through intermediaries from Gazprom stood at $117 million, over four times lower than in 2013 and 14 times less than in 2008, a year wh...

Catalina Apostoiu · 01.04.2015 · 00:00 · 1 min
Antitrust Head Says Parliament Approved Law Capping Interbank Fees On Card Payments
Banks-Insurance

Antitrust Head Says Parliament Approved Law Capping Interbank Fees On Card Payments

Romania’s Competition Council head Bogdan Chiritoiu on Thursday said the bill capping interbank fees for card transactions was approved by the Parliament and will be sent to President Klaus...

Ecaterina Craciun · 19.03.2015 · 13:16 · 1 min