The European Commission decided on Friday to open an infringement procedure by sending a letter of formal notice to Romania, Belgium, Bulgaria, Greece, Spain, Lithuania and Portugal for failing to communicate to the Community Executive the measures for the full transposition of EU Directive 2022/542 regarding value added tax rates. EU member states had to communicate the full transposition of the Directive into national law by 31 December 2024, the EC press release also said. The directive allows for a wider use of reduced rates, including zero rates for essential products such as food, pharmaceuticals or those used for medical purposes. “Member States may exempt supplies of goods and services carried out within their territory by taxable persons who are established in that territory and whose annual turnover at Member State level, relating to those supplies of goods and/or services, does not exceed the threshold set by those Member States for the application of this exemption. That threshold may not exceed EUR 85,000 or the equivalent in national currency. Member States may set different thresholds for different economic sectors, based on objective criteria. However, none of these thresholds may exceed the threshold of EUR 85,000 or the equivalent in national currency,” according to the directive. The European Commission has therefore decided to send a letter of formal notice to the eight EU Member States to complete the transposition and notify their measures to the Community Executive. The mentioned States now have two months to respond to the EC’s requests. In the absence of a satisfactory response, the European Commission could decide to issue a reasoned opinion.
Astra Film International Documentary Festival has officially opened registrations for the 2025 edition. In addition, the organizers have announced the introduction of a new competitive section this year: Short Film. This year, the festival will take place in Sibiu from October 19 to 26. Filmmakers from around the world can submit their documentaries until April […]
Soarele Moldovei. Inceputul (Moldavian Sun: The Beginning), a Romanian production presenting the childhood of 15th-century Moldavian ruler Ștefan cel Mare (Stephen the Great), is available for streaming worldwide at soarelemoldovei.ro. For every purchase of the film, produced by Razem Pictures, 5% of the price is
On the occasion of the Constantin Brâncuși National Day on February 19, the Romanian Cultural Institute (ICR) in New York will host The Brâncuși Month in New York, a series of events marking 149 years since the birth of the iconic sculptor. The program, running from February 7 to 21 at the institute's Midtown Manhattan […]
Homing Properties, a real estate developer specializing in mid- to high-end residential projects, has announced the receipt of the construction permit for its large-scale project, Homing Village. Located in the northern part of the capital, in the Pipera area, this residential complex will include 140 luxury villas and represents an investment of 35 million euros. […]
General mayor Nicușor Dan announced the public consultation of a draft decision approving the Bucharest Velo Master Plan, a strategic document aimed at developing the cycling infrastructure network over the next decade. The plan envisions a major network of 150 km of bike lanes and a secondary network of 415 km by 2035. The document […]
Lion’s Head Investments has entered the Romanian logistics market with the acquisition of a 155,000 sqm land plot in Popești-Leordeni, near Bucharest. The company, a joint venture between AG Capital and Old Mutual Property, plans to develop an 85,000 sqm logistics park on the site, with construction set to begin in the first half of […]
