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REGULATIONS

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Deloitte: Multinationals Expect Regulations Proposed By OECD To Increase Tax Burden
Companies

Deloitte: Multinationals Expect Regulations Proposed By OECD To Increase Tax Burden

More than 60% of multinationals worldwide estimate a possible increase in their corporate tax burden as a result of the implementation of the reform announced by the Organization for Economic Co-operation and Development (OECD) at the beginning of 2020, based...

Ecaterina Craciun · 19.11.2020 · 13:47 · 2 min
ANCOM To Reevaluate Market Regulatory Measures In 2016
Technology &Telecoms

ANCOM To Reevaluate Market Regulatory Measures In 2016

Romania’s telecom regulator ANCOM said it will revise in 2016 the relevant markets corresponding to fixed and mobile services and will re-evaluate the regulatory measures previously imposed...

Ecaterina Craciun · 30.09.2015 · 18:34 · 1 min
New Rules To Reshuffle SIFs In 2014
Capital Market

New Rules To Reshuffle SIFs In 2014

SIFs will be able to buy shares between them and make important decisions more easily in the general assemblies of shareholders, announces Mircea Ursache, vice-president of the Financial Sup...

Bogdan Neagu · 12.01.2014 · 23:02 · 1 min
Romania Readies New Gambling Rules
Retail&Consumer

Romania Readies New Gambling Rules

Romania’s National Gambling Office, or ONJN, on Tuesday said it is preparing a new set of regulatory measures in the local gambling sector.

Ecaterina Craciun · 10.12.2013 · 17:49 · 1 min
Ghetea: SME’s Foreign Currency Lending Could Be Conditioned On Foreign Currency Resources
Banks-Insurance

Ghetea: SME’s Foreign Currency Lending Could Be Conditioned On Foreign Currency Resources

The new regulation on foreign currency lending to small and medium-sized enterprises (SMEs) could condition borrowing in hard currency by obtaining revenue in the said currency.

Manuela Panescu · 25.09.2012 · 00:00 · 2 min
Free From BNR’s New Restrictions, Credit Cards Become Bankers’ Next Retail Bet
Banks-Insurance

Free From BNR’s New Restrictions, Credit Cards Become Bankers’ Next Retail Bet

Now that consumer loans come with heavy restrictions imposed by Romania’s central bank, banks are turning to credit cards, unaffected by the new lending rules.

Radu Bostan · 15.03.2012 · 00:00 · 3 min
Banks-Insurance

Banks About To Take A Day Off To Implement IFRS

Romanian banks are about to start reporting according to the international standards, which will heavily test their IT systems and administrative resources.

Claudia Medrega · 22.12.2011 · 00:00 · 1 min
Austria’s Central Bank Forces BCR, UniCredit and Raiffeisen To Find Their Own Financing Sources
Banks-Insurance

Austria’s Central Bank Forces BCR, UniCredit and Raiffeisen To Find Their Own Financing Sources

Erste Group, UniCredit Bank Austria, and Raiffeisen Bank International-- the respective owners of Romanian lenders BCR, UniCredit Tiriac Bank and Raiffeisen Bank Romania--will only increase...

Razvan Voican · 22.11.2011 · 15:52 · 4 min
Banks-Insurance

Romanians To Pay 25% Upfront For Mortgage Loans In Euro

Banks in Romania will require a down payment of at least 25% for mortgage loans in euro and 40% for mortgage loans in other currencies, if the client’s incomes is not expressed and indexed i...

Andrei Cîrchelan · 01.11.2011 · 11:51 · 1 min