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Tag Archives: pension Pillar II

Romanians may quit Pensions Pillar II as of today

The citizens who contributed to the Pension Pillar II can request the state, as of today, to cease paying the monthly contributions to the pension administrator, according to a law voted by the ruling coalition. The money may be paid ...

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Most Pension Pillar II administrators consider withdrawing from Romania, BNR chief economist says

The majority of the 7 administration companies of Pension Pillar II consider withdrawing from Romania, central bank’s Chief Economist Valentin Lazea said on Monday, at the Romanian Stock Market Summit. “As far as I understand from the talks with the ...

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Last attempt: Coalition for Romania’s Development sends letter to PM Dancila, asks her not to sign ordinance on fiscal changes

The Coalition for Romania’s Development (CDR), representative for the business environment, have sent a letter to Prime Minister Viorica Dancila, a last attempt to stop the adoption of an emergency ordinance on fiscal amendments, recently announced by Finance Minister Eugen ...

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BNR warning: The impact of the ‘tax on greed’ can be significant

National Bank of Romania (BNR) spokesman Dan Suciu says the impact of the “tax on greed” on credit can be significant if it is approved in the proposed formula. “We do not have yet an assessment of the impact of ...

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Liviu Dragnea lashes at companies which ‘blackmail the Romanian state’

PSD chairman Liviu Dragnea has warned the representatives of large companies to stop ‘blackmailing the Romanian state’, following the information related to the Government emergency ordinance that will introduce new fiscal measures. “I’ve seen, I’ve read reactions from some or ...

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Update2: Gov’t said to approve GEO on taxes on Friday, negative opinion from Economic and Social Council

The emergency ordinance introducing new taxes will be discussed in an extraordinary Government sitting on Friday, until then the text is subject to amendments by the Finance Ministry, digi24.ro reports. Initially, sources said the ordinance was to be approved during ...

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CFA Romania: Romania’s economic future is at risk

The Chartered Financial Analysts (CFA), association of investment professionals in Romania, warns that the Government proposals will bring serious damage to the financial system and put at risk the Romanians’ rights to have a decent life when retired. A CFA ...

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Internet providers on fiscal measures: Tariffs will grow, investments in 5G technology at risk

The National Internet Service Providers Association in Romania (ANISP) argues that the over taxation of the industry by 3% of the turnover will have negative effects in terms of tariff increases and of slowing down the investments in new technologies ...

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