Social/Politics
Romania Exempts Coal-Fired Power Plants from 2% Turnover Tax, Caps Electricity Prices until Feb 2022
Romania's government will keep a 2% tax on turnover for energy producers, exempting state-owned thermal and coal-fired power plants, and will keep a cap on electricity prices until end-Febru...
Romania To Postpone Capital Hike Requirements for Private Pension Funds until May 31
Romania's government will postpone until May 31 the enforcing of new share capital requirements for administrators of mandatory private pension funds, known as Pillar II, according to a draf...
Romanian Government Softens Bank Tax, Disconnects It from Money Market Rates
Romania's government will lower the tax on banks' financial assets and decouple it from money market rates, according to a draft published late Tuesday that amends the controversial tax decr...
Coal-Fired Energy Producers May Be Exempt from 2% Turnover Tax
Coal-fired energy producers in Romania my be exempt from a 2% tax on turnover introduced via emergency decree in December 2018 but no other changes to the decree are expected for the energy...
Finance Minister: Bank Tax Amendments To Be Published on Friday
Romanian Finance Minister Eugen Teodorovici announced on Friday that the amended version of the controversial 2018 bank tax decree would be launched into public debate during the day, with t...
Brexit: Second vote the only solution to the crisis
Government May Amend Bank Tax Next Week
Romania's government may amend the bank tax in its meeting next week, finance minister Eugen Teodorovici said after a meeting with representatives of the Romanian Banking Association.
Central Bank Paid EUR1B in Taxes Over Past Decade
Romania's central bank has paid the equivalent of EUR1 billion in the past ten years to the Romanian state as tax on profit, governor Mugur Isarescu said Monday, adding that “lies spread fas...
EBRD Delegation Visits Romania for Talks to Scale Up Investment
A high level EBRD delegation led by Jurgen Rigterink, First Vice President, and Alain Pilloux, Vice President, Banking, arrived in Bucharest Monday for talks with the Romanian authorities an...