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Social/Politics

Romanian Lower Chamber Adopts Amendments To Pension Law

Romanian lawmakers on Tuesday adopted a package of amendments to the pension law which stipulates that income from independent activities, such as copyright and artistic creations, can add u...

Miruna Gaman · 31.10.2017 · 14:23 · 1 min
Chiritoiu: State Should Not Abandon Law On Sale Of 51% Romanian Products In Hypermarkets
Retail&Consumer

Chiritoiu: State Should Not Abandon Law On Sale Of 51% Romanian Products In Hypermarkets

Bogdan Chiritoiu, head of the Romanian Competition Council, said Tuesday that the law on the sale of 51% Romanian products in hypermarkets should not be abandoned although the European Commi...

Gabriela Stan · 28.02.2017 · 13:48 · 1 min
Constitutional Court: CHF Conversion Law, Unconstitutional
Banks-Insurance

Constitutional Court: CHF Conversion Law, Unconstitutional

Constitutional Court ruled Tuesday that the law stipulating the conversion of Swiss franc loans into Romanian lei at historical rates is unconstitutional, as it violates the principle of bic...

Gabriela Stan · 07.02.2017 · 16:06 · 1 min
Debt Discharge Law Triggered Limited Effects On Real Estate Market
Real Estate

Debt Discharge Law Triggered Limited Effects On Real Estate Market

The debt discharge law has triggered immediate effects both on the banking and real estate market and the related industries; nevertheless, imbalances did not last long and the situation is...

Gabriela Stan · 01.11.2016 · 12:48 · 1 min
Constitutional Court: Debt Discharge Law Partially Unconstitutional
Social/Politics

Constitutional Court: Debt Discharge Law Partially Unconstitutional

The Constitutional Court ruled Tuesday that the debt discharge law, allowing retail mortgage borrowers to return real estate collateral to banks in exchange for writing off their loans, is p...

Gabriela Stan · 25.10.2016 · 15:00 · 1 min
Chamber Of Deputies Adopts Law On Tackling Food Waste
Retail&Consumer

Chamber Of Deputies Adopts Law On Tackling Food Waste

The Romanian Chamber of Deputies has adopted the bill on tackling food waste, so that retailers will have to donate food products nearing the expiry date, otherwise they will get fines of up...

Gabriela Stan · 18.10.2016 · 17:24 · 1 min
Retail&Consumer

Law On Sale Of 51% Romanian Products In Hypermarkets Can Curb Imports

The law according to which Romanian hypermarkets will have to sell at least 51% Romanian products can curb imports, an aspect banned by the Treaty on the Functioning of the European Union (T...

Gabriela Stan · 19.07.2016 · 12:33 · 1 min
Retail&Consumer

President Promulgates Law On Sale Of Minimum 51% Romanian Products In Hypermarkets

Romanian President Klaus Iohannis has promulgated the law according to which Romanian hypermarkets will have to sell at least 51% Romanian products, the Presidential Administration said in a...

Gabriela Stan · 11.07.2016 · 13:36 · 1 min
Traders With Annual Sales Of Over EUR10,000 Forced To Accept Card Payments
Banks-Insurance

Traders With Annual Sales Of Over EUR10,000 Forced To Accept Card Payments

Traders with annual sales of minimum EUR10,000 will be forced to have POSs and accept card payment as of May 20, when the cash back law comes into force.

Gabriela Stan · 16.05.2016 · 13:02 · 1 min