New RCA Law Becomes Effective
Romania’s new automobile liability insurance (RCA) brings more expensive insurance policies for careless drivers, faster payments of damage claims, but it also obliges drivers to submit the vehicle registration plates unless they have their insurance contracts extended. The new RCA law became effective on July 12. People or companies failing to conclude RCA contracts for their vehicles risk fines of RON1,000 to RON2,000.Experts say the supervisory watchdog decided, through this law, to really protect consumers. Both insurers and insurance brokers must give drivers the possibility to renew their RCA insurance contracts 30 days ahead of termination. (adevarul.ro)
Tax Regulator Fines Firms Transporting And Selling Fuel For Irregularities
Several companies that transport and sell fuel were checkup by the tax regulator ANAF which applied sanctions of over RON8.6 million for irregularities.
“Inspectors of the general department of fiscal anti-fraud within tax regulator ANAF checked533 firms that transport and sell wholesale or retail fuel (gasoline, diesel gas, liquified petroleum gas (LPG), between March and July. Inspectors issued 132 warnings, applied 296 fines of RON3.32 million and seized cash and revenue of over RON5.27 million”, according to ANAF.
ANAF also said it seized 2,633 liters of LPG and 8,600 liters of gasoline and diesel gas stored in unauthorized spaces. (evz.ro)
Government Solves Problem Of Residential Physicians’ Scholarships
Residential physicians will continue to receive the monthly scholarship of RON670 after the government adopted an ordinance in its Thursday meeting.
As per a normative act amending government ordinance no.18/2009 on the organization and financing of medical residency, the medical residency scholarship is granted until the respective staff benefits from a base wage/position pay at a level regulated for 2022 by law 153/2017 regarding the salary system of staff paid from public funds. (puterea.ro)
Financial Supervisory Authority Looks Into Mandatory Private Pension System Pillar II
Romania’s Financial Supervisory Authority ASF will make an analysis regarding the impact of statements made by Finance Minister Ionut Misa according to which the mandatory private pension system known as Pillar II would be eliminated, said people close to the matter.
End-June 2017, Misa said the government will eliminate Pillar II, but Prime Minister Mihai Tudose later denied any such plans. Misa said the mandatory private pension system will be eliminated towards the end of this year.
Mandatory private pension funds in Romania (Pillar II) had assets of RON31.47 billion at the end of 2016. (puterea.ro)