Legal News
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 »
February 27, 2014 15:32
When everything was supposed to get back to normal in the green energy market and the law approving the Emergency Governement Ordinance no. 57/2013 be eventually promulgated after both chambers of the Romanian Parliament rejected the re-examination call President Traian Basescu made, he requested the Constitutional Court (CC) to declare it unconstitutional. The grounds are the same as when he asked the Parliament to review it: it does not comply with the requirements of the EU Commission with respect to the prior informing needed before implementing such changes....more »
February 11, 2014 15:31
Both chambers of the Romanian Parliament rejected the request of the President Traian Basescu for re-examining the ordinance no. 57/2013 which sustains the law related to the support scheme for green energy producers. While yesterday the Senate decided to not consider Basescu’s suggestion, today, the Chamber of Deputies, the decision-maker in this case, took the same position, rejecting his call. ...more »
January 08, 2014 11:28
Romania’s President sent back to the Parliament the law with respect to the support scheme for renewable energy producers for re-examination, a press release of the Presidency announces....more »
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