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Cash In Circulation Overshoots RON40B Mark
The cash in circulation reached an all-time high of 41 billion lei (more than EUR9 billion) last month, an increase of 16% on the same time last year. The growth in January alone stood at 2%...
Parliament Re-Adopts Bill Lowering Employer Social Security Contributions
Romania's Chamber of Deputies on Tuesday re-adopted a bill lowering social security contributions employers must pay for their employees, rejecting the head of state's request to re-examine...
Romania Paid $7B For Gazprom’s Gas In The Last 7 Years
Between 2007 and 2013, Romania paid $7 billion to the intermediaries of Russia’s gas giant Gazprom for the natural gas imported from Russia. In the past, Russian gas covered one quarter of t...
Covered Bonds To Include Guarantees Of 60%-80% Of Mortgage Lending Value
Property financings may be included in the pool of assets used to secure covered bonds issued by Romanian commercial banks only up to 60% of the recalculated mortgage lending value, accordin...
Electricity Bills To Increase By 2% At Most As Of January 1, 2014 - Minister
Household electricity bills will increase by 1% as of January 1, 2014, while electricity prices for industrial consumers will rise by 2%, minister-delegate for energy Constantin Nita said Th...
Lawyer: Bill Regulating Farmland Purchase By Natural Persons To Block Land Market
Romania’s new bill regulating transactions with farmland located outside towns will block the local land market, as some of its provisions cannot be applied, and it will turn the country int...
Romania’s Constitutional Court Clears Stray Dog Bill
Romania’s Constitutional Court on Wednesday ruled the recently adopted bill allowing authorities to euthanize stray dogs is constitutional.
Romania Plans To Lower Revenue Cap For Micro-Enterprises Exempt From Profit Tax
The Romanian government plans to lower the revenue cap on micro-enterprises from EUR65,000 to around EUR50,000 to get more firms into the tier of businesses that pay taxes on profit, accordi...
Several Romanian MPs Challenge Stray Dog Bill At Constitutional Court
Thirty Romanian lawmakers have challenged a recently adopted bill on stray dogs at the Constitutional Court.