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Banca Transilvania: New Tax Is Nationalization Of Profits
Banks-Insurance

Banca Transilvania: New Tax Is Nationalization Of Profits

Banca Transilvania, the largest bank in Romania, following its merger with Bancpost, issued its first and also highly critical statement in response to the government’s decision to levy additional taxes on banks.

Loredana Frățilă-Cristescu · 17.01.2019 · 00:00 · 1 min
Business Sector To Govt: New Taxes Cause Shock and Chaos in the Economy. Stop!
Macroeconomics

Business Sector To Govt: New Taxes Cause Shock and Chaos in the Economy. Stop!

The business sector had a very harsh reaction to the government’s proposed new taxes in banking, energy and telecom sectors, asking it to stop. The Bucharest Stock Exchange lost 11% and fell...

Loredana Frățilă-Cristescu · 20.12.2018 · 06:00 · 2 min
AHK Romania: Planned Fiscal Changes Are Directed Against Business Environment
Companies

AHK Romania: Planned Fiscal Changes Are Directed Against Business Environment

Changes in the fiscal policy announced in Romania’s new government program are directed against the business environment and represent a real threat to the stability and predictability of ec...

Ecaterina Craciun · 30.06.2017 · 18:44 · 1 min
AmCham Romania Says Planned Fiscal Changes Drive Investors Away
Analysis

AmCham Romania Says Planned Fiscal Changes Drive Investors Away

Changes in the fiscal policy announced in the new government program generate turmoil in the business climate and severely affect the stability and confidence in the Romanian economy, which...

Oana Gavrila · 30.06.2017 · 13:19 · 3 min
AmCham: Romania’s New Fiscal Measures To Further Increase Tax Burden
Macroeconomics

AmCham: Romania’s New Fiscal Measures To Further Increase Tax Burden

The Romanian Government’s planned fiscal measures will increase the burden on taxpayers to a level that is unprecedented in the past 20 years and will negatively affect investments and the c...

Ecaterina Craciun · 08.11.2013 · 16:11 · 2 min
Social/Politics

Germany Deals Heavy Blow To Romania’s Schengen Hopes

Germany forgets that it does EUR9B worth of business in Romania and rejects Romania’s Schengen entry in a political statement. The costs of the postponement amount to hundreds of millions of...

Neagu Bogdan Mircea · 04.03.2013 · 02:00 · 3 min
Energy

OPCOM Reacts To Austrian Ambassador’s Statements

The creation of another energy bourse in Bucharest would go against the European model, and a similar initiative failed in Hungary recently, Romanian energy market operator OPCOM said Tuesda...

Andrei Cîrchelan · 10.05.2011 · 19:28 · 1 min