Romania May Set Up Casa de Comert SA
The Economy Ministry on Wednesday put up for debate a draft aimed at setting up a joint stock company called Casa de Comert SA whose purpose is to integrate business offers in relation with investors wishing to enter the Romanian market, and in relation with exporters.„The company’s core business will consist in ensuring the promotion of goods, services and businesses in various economic sectors, acting as intermediary between domestic supply and external demand, or between external supply and domestic demand”, according to the substantiation note of the normative act. (romanialibera.ro)
19 People Involved In Severe Minibus Crash In Bistrita-Nasaud A minibus in Chisinau crashed into a car carrying three people, on national road 17, in Bistrita-Nasaud County, but there were no casualties.The boy driving the car is 22 years old. Neither of the two drivers drank alcohol. (jurnalul.ro)
Moderate Earthquake In Buzau County An earthquake of 3.2-degree magnitude on the Richter scale took place Thursday in Buzau county, in Romania’s south-eastern Vrancea seismic area. The tremble originated at a depth of 141 kilometers and the towns closest to the epicentre of the quake are Nehoiu(18km), Covasna(36km), Întorsura Buzăului(40km), Târgu Secuiesc(51km), Vălenii de Munte(55km).Three earthquakes took place Monday night in Vrancea. (cotidianul.ro)
Chamber Of Deputies Adopts Split VAT Bill The Chamber of Deputies on Wednesday adopted a government emergency decree regarding split VAT accounts, with several amendments, among which the fact that the measure is mandatory for companies with debts on the payment of the tax or are facing insolvency. Deputies voted 163 to 95 to adopt the decree.Romania’s government adopted a decree late August 2017 making separate payment accounts for the value-added tax mandatory as of January 1, 2018 for all companies. The move, which the government said it would introduce to curb tax evasion, was criticized by businesses and financial analysts as excessive and hasty. The bill was later amended in Parliament to include only insolvent companies and companies that registered delays in VAT payments. (puterea.ro)