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Monthly Archives: December 2015

Happy New Year! President, PM send New Year’s Eve greetings


President Klaus Iohannis said on Thursday in his New Year address that it is only up to the Romanian people to use the opportunities at hand to move forward and turn Romania into the country everyone wants. “Dear Romanians, today, ...

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Happy New Year! Royal Family sends message to Romanians. Former Prince Nicolae: An unjust year has passed

anul nou 2

The Royal Family wishes Romanians ‘A New Year full of joy, luck, health and fulfilment’, while former Prince Nicolae says that although ‘a difficult and deeply unfair year has passed’ that has taken away his country, his respect for King ...

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President promulgates tax codes, VAT cuts effective as of January 1

Vat tax

President Klaus Iohannis on Thursday, the last day of 2015, signed the promulgation decree of the new reglementations regarding the Tax Code and the Fiscal procedure Code, passed by Chamber of Deputies in the last session on December 22. They ...

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New Year’s superstitions in Romania

anticipation of new year

The entry in the new year is dubbed by many superstitions. Crestinortodox.ro website tells you what to do and not do on January 1. So, according to the above mentioned source, is what we hold when we pass in the ...

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National Bank wants higher capital requirements for important credit institutions in Romania as of January 1


Following the recommendation issued by the National Committee for Financial Stability on 26 November 2015, the National Bank of Romania decided to implement an O-SII buffer (the capital buffer for other systemically important institutions) on an individual, sub-consolidated or consolidated ...

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The Constitutional Court to discuss on January 20 the government’s notification on the special pension law for local elected representatives

Curtea-Constitutionala dragnea

The Constitutional Court (CCR) will discuss on January 20 the notification filed by the government regarding the special pension law for mayors, deputy mayors, chairmen and deputy chairmen of the county councils, adopted by the Senate on December 21. The ...

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New Code of Fiscal Procedure: Banks must report daily to ANAF, as of January 1, the list of who opens or closes a bank account

ANAF debtors

As of January 1 banks will be required to report on daily basis to the National Agency for Fiscal Administration (ANAF) the list of persons who open or close a bank account of any kind, rent or give up a ...

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Transgaz extends gas transit contract with Gazprom until September 31, 2016


Natural gas transport company Transgaz has extended the contract with Gazprom for gas transit in Romania until September 31, 2016, through the Issaccea-Negru Voda pipeline, company director Petru Vaduva said on Wednesday. “We have extended the contract with Gazprom on ...

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