ORDINANCE
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Government Adopts Ordinance On Curbing Budget Deficit
The government on Monday announced the adoption of the emergency ordinance aimed at curbing budget deficit to 7% in 2025, as undertaken before the European Commission.
24% Stock Market Gains for Those Undeterred by Ordinance 114 Introducing Taxation Changes
Investors on the Romanian stock market that started buying on December 19, 2018, one day after the Finance Ministry announced the passing of the Ordinance 114 introducing tax changes, withou...
Romania To Make Split VAT Mandatory As Of January 1, 2018
The Romanian government adopted on Wednesday, through an ordinance, the introduction of separate VAT payment accounts for companies in a bid to reduce tax evasion in the field.
Government Approves New Insolvency Code Through Emergency Decree
Romania’s Government said Wednesday it has approved a new Insolvency Code.
Verbund: We Cannot Remove Existing Turbines, But We Could Discard Projects Of Around EUR100M
Verbund, the largest energy company in Austria, says it will not go ahead with investments of almost EUR100 million in expanding the wind project in Casimcea (Tulcea) if the support scheme i...
Ghetea: Any Incorrect Court Ruling On Abusive Clauses In Loan Contracts May Harm Banks
Banks in Romania ought to have eliminated all abusive clauses from consumer loan contracts, as a Government emergency ordinance which took effect in 2010 required their elimination by Septem...
Ponta: Romania’s New Car Tax System To Be Approved Through Emergency Ordinance Tuesday
Romania’s Government will approve a new car tax system though an emergency ordinance Tuesday, Prime Minister Victor Ponta said Wednesday.
Finance Ministry Proposes Making VAT Due On Invoice Payment For Small Firms
Romanian companies with sales lower than 2.25 million lei (EUR500,840) will pay VAT when cashing their invoices starting next year, while larger businesses will be unable to deduct VAT from...
Personal Data Operators To Notify Clients About Security Breaches
Romanian personal data operators will have to notify both the data protection supervisor and clients in case of security breaches, Government spokesman Dan Suciu said Tuesday.