Legal News
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 »
March 27, 2014 10:14
Romanian Government yesterday passed the draft resolution trough which the quota of renewable energy supported through green certificates is diminished. Hence, as Govnet has previously informed, in 2014, the quota of electricity produced using green sources and which receives subventions is 11.1 percent of gross electricity consumption, whilst under the old regulation it should have been 15 percent....more »
March 26, 2014 15:45
Earlier this week, the Department of Energy within the Ministry of Economy released a draft resolution through which the cogeneration tax paid by electricity exporters will be eliminated. By this initiative, the Government aims to stimulate electricity exports of domestic producers in an attempt to turn Romania into a major electricity supplier in Central and South-Eastern Europe regions....more »
March 18, 2014 09:20
Following the latest disputes in the green energy sector caused by uncertainty and lack of predictability concerning regulations, situation also affecting large industrial companies, Traian Basescu has eventually promulgated the law that approves the Emergency Government Ordinance no. 57/2013 and which includes amendments to the Law no. 220/2008 establishing the support-scheme for renewable energy producers. The new law was published in the Official Gazette of Romania on March 14....more »
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