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PwC Romania: Introduction of new VAT split payment system will have major impact on companies

Wednesday, August 9, 2017

Romania could become the only EU member state to enforce the VAT split payment, and this will have major impact on Romanian companies, a study by PwC Romania shows quoted by business-review.eu.  The split payment implies the use of a bank account dedicated to VAT receipts and payments. According to the draft ordinance, the system will be introduced on a voluntary basis on 1 September 2017 and will become compulsory in ...

Deloitte: Romania lagging behind when it comes to digitalisation of fiscal administration

Wednesday, August 9, 2017

While most European countries are conducting a significant share of their administrative and fiscal procedures by means of online tools, conducting E-audits and extracting added value from user generated data, Romania is lagging behind, a survey by Deloitte shows, business-review.eu reads.  When it comes to implementing online tools, Austria, Lithuania, Slovenia, Hungary and Poland, which have implemented both the Standard Audit File for Tax ...

Forum in Bucharest called "Waste — From Losses to Resources. Objectives for Romania"

Wednesday, August 9, 2017

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Romania is in a deplorable state of affairs as far as waste management is concerned, as waste recycling is no more than 5 percent, Deputy Prime Minister and Minister of the Environment Gratiela Gavrilescu told a specialist forum on Tuesday. "Romania finds itself in a situation where it should not have been, had it done its homework from the beginning in a ...

ANM: Code Yellow and Code Orange advisories for excessive heat, August 9 and 10, in the western half of the country

Wednesday, August 9, 2017

 The National Weather Administration (ANM) on Tuesday, issued Code Yellow and Code Orange advisories for excessive heat, valid on August 9 and 10 in the western half of the country. According to ...

French President visits Romania on August 24, Macron - Iohannis talks aim Strategic Partnership

Tuesday, August 8, 2017

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President of the French Republic Emmanuel Macron will pay a visit to Romania on August 24 at President Klaus Iohannis's invitation, the Presidential Administration announced on Monday in a press release. According to the quoted source, the discussions that will take place at the Cotroceni Presidential Palace will focus on the development and strengthening of the Strategic Partnership bilateral relation, as well as on the main topics on the European, ...

Parliament Houses called into extraordinary session for Tuesday

Tuesday, August 8, 2017

An extraordinary session of the Chamber of Deputies and the Senate has been called for Tuesday, Senate Chairman Calin Popescu Tariceanu announced on Monday. "I'll start the briefing with the announcement of the extraordinary session of the Parliament Houses following the government's having adopted last week a set of emergency ordinances and the Constitution's requirement that we should summon an extraordinary session in five days at the most after ...

Basescu: I have no right to run for the presidency of the Republic of Moldova

Tuesday, August 8, 2017

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The former head of state Traian Basescu stated on Sunday night that he could not run for the presidency of the Republic of Moldova as  some media said, as he has no right, according to the Constitution as he was not born on the territory of Moldova. ‘I have no right. Look at the Constitution of the Republic of Moldova. You have to be born on the territory of the Republic of Moldova and  you have to … they introduced a condition ...

Prince of Wales Foundation launches programme to support small Romanian farmers and producer

Tuesday, August 8, 2017

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 Prince of Wales Foundation announces the launch of the first large programme designed to support small Romanian farmers and producers, a ten-month pilot-project to be carried out as a research study in five of Romania's historical regions: Transylvania, Danube Delta, Bucovina, Maramures and Banat. "We intend to approach several hundred producers from ...

PM Tudose: European funds are among main drivers of Romania's economic growth and development

Tuesday, August 8, 2017

 European funds are among the main drivers of economic growth and development of Romania, says Prime Minister Mihai Tudose, while specifying that all management authorities have received their accreditation and invoices worth more than 170 million euros were sent for settlement. "European funds are among the main drivers of ...

Euro trades at 4.5657 lei on Monday

Tuesday, August 8, 2017

The exchange rate of the national leu currency resulting from the quotations announced on Monday by the banks authorized to operate on the currency market is as follows: CURRENCY SYMBOL ...

Corporate bonds issued by UniCredit Bank SA started trading on BVB as of August 7, 2017

Tuesday, August 8, 2017

Corporate bonds issued by UniCredit Bank SA, member of the UniCredit Group, started trading on Bucharest Stock Exchange (BVB) as of August 7, 2017. The issue of corporate bonds is worth a total of RON 610 million, a press release informs. More than 30 local and international institutional investors subscribed in the bond sale offer, which took place during July 17-21. “We are pleased to have successfully completed this ...

Eurostat: Romanians spend the least on culture in the EU

Tuesday, August 8, 2017

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   Romania is bringing up the rear in the European Union in terms of 2015 per inhabitant spending on recreation, culture and religion, according to data released on Monday by the European Union's Eurostat statistical ...

Statistics: a household used only 10.4 lei, on average, for investment in 2016

Tuesday, August 8, 2017

 A Romanian household used only 10.4 lei, on average, for investment in 2016, with the amount representing only 0.5pct of total expenditures, according to data with the National Institute of Statistics released on ...

AVERAGE  GROSS  EARNINGS ON  TOTAL  ECONOMY  WERE 3313 LEI IN JUNE 2017 

Tuesday, August 8, 2017

In  June  2017,  the  average  gross  nominal  earnings  were  3313  lei,  by  0.8%  higher  than  the  one ...

ANM: a thermal discomfort warning for Tuesday

Tuesday, August 8, 2017

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The National Weather Administration (ANM) on Monday, issued code yellow and code orange advisories of unstable weather and heat, valid for August 7 and 8 in different areas of Romania, as well as a thermal discomfort warning for ...

Ceremony commemorating the centenary of the Battle of Marasesti

Monday, August 7, 2017

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 President Klaus Iohannis and Prime Minister Mihai Tudose ...

Romanian soldier wounded following a firefight in Afghanistan

Monday, August 7, 2017

A Romanian soldier was suffered a light arm wound following a firefight in Afghanistan with insurgents clothed in Afghan police uniforms, the Defence Ministry (MApN) informs. According to a release , a squad of Romanian soldiers that was executing, on Saturday, a patrol and escort mission for a squad of the Security Force Advisory and ...

Melescanu, about the relation of Romania to Russia: discouragement and dialogue

Monday, August 7, 2017

The minister of foreign affairs Teodor Melescanu considers that Romania’s policy  with Russia is characterised by the words ‘ discouragement and  dialogue’ similar to the relation between NATO and Russia. ‘The relation with Russia was very clearly defined by NATO by two words: discouragement and dialogue. Discouragement means a presence in the eastern part of  Europe where there is, at least, on the Russian part a ...

Igor Dodon met Dmitri Rogozin in Teheran

Monday, August 7, 2017

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The president of the Republic of Moldova Igor Dodon announced on Friday that he will have a meeting in Teheran with the vice-premier Dmitri Rogozin, after the  Russian official was declared persona non grata by the government in Kishinev relates Unimedia info The announcement was made by the Moldavian president on his Facebook page. ‘We arrived  in  Teheran. We have a very busy agenda in the next days ...

Former president Basescu to run in 2018 elections in R. of Moldova

Monday, August 7, 2017

Former Romania’s President Traian Basescu will run for the parliamentary elections in Republic of Moldova if he regains his citizenship, Moldovan ex-Defence Minister Anatol Salaru claims. Salaru, now executive chairman of the National Unity Party, says the former Romanian president will try to get involved in his party’s campaign if he gets his Moldovan citizenship back, Timpul daily ...

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