Legal News
December 19, 2014 13:29
Prime Minister Victor Ponta stated that the Chamber of Deputies has passed the bill reducing the tax on special construction from 1.5 percent to 1 percent, according to Agerpres. The Chamber of Deputies is the decision maker as regards this draft law which amends the Fiscal Code....more »
September 19, 2014 11:18
President Traian Basescu yesterday announced that the law enforcing the decrease by 5 percent of the social security contribution (CAS) paid by employers was promulgated. Even so, he maintained his position as regards this fiscal measure, re-stating that although a positive initiative, the CAS reduction is not sustainable given the current economic environment....more »
September 18, 2014 11:23
The Chamber of Deputies passed the draft law that delays the liberalization of the gas market for households until 2021 among other amendments and additions to the electricity and gas law, the oil law and an emergency ordinance, reads Agerpres....more »
August 29, 2014 14:26
At the beginning of September, the amendments to the Law on unfair competition, brought by the Government Ordinance no. 12/2014, will enter into force. These changes are intended to update a regulation which, although was adopted in 1991, has proved difficult to apply in practice....more »
June 12, 2014 16:11
Romania’s Government has passed the bill concerning the support measures directed towards large energy consumers who will be exempted from paying up to 85 percent of the green certificates (GCs) included in electricity invoices. Following consistent pressure from Arcelor Mittal or Alro Slatina, the Ministry of Economy issued nearly two months ago a bill draft meant to help large industrial companies that are burdened by the green certificates they are charged for to support the renewable energy production. ...more »
April 24, 2014 16:30
The Romanian Government approved the Emergency Ordinance for amending the Law 571/2003 with respect to the Tax Code, ordinance which enforces tax exemption on reinvested profit, starting July 1, 2014 until the end of 2016. According to the updated regulation, under its effect are companies that reinvest profit in technological equipments....more »
April 18, 2014 13:38
Large consumers could be exempted from paying up to 85 percent of the green certificates (GCs) included in electricity invoices, according to a Government Decision draft. The bill draft is meant to help large industrial companies that are burdened by the green certificates they are charged for to support the renewable energy production.  Hence, depending on power consumption, major industrial companies will benefit from a reduction of the mandatory quota of green certificates which ranges from 40 percent to 85 percent– for the largest energy consumers....more »
April 11, 2014 15:03
The law restricting the sale of farmland in Romania becomes today effective after its publication in the Official Gazette of Romania last month, on March 12, President Traian Basescu promulgating its revised version a week earlier. Hence, from...more »
April 03, 2014 12:15
Romania’s Government yesterday passed the Emergency Ordinance amending the Law no. 571/2003 concerning the Tax Code, through which is granted a discount of 40 euro/1000 l from the total amount of the new excise duty on diesel fuel – 70 euro/...more »
April 01, 2014 12:50
Starting April 1, the much-disputed 7 eurocents excise duty on fuel will be applied, generating increases by some 0.4 lei in the prices of gasoline and diesel fuel. Additionally, the gas price for households will rise by 2 percent, and by 5 perc...more »
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