Judge Lia Savonea has been appointed president of the High Court of Cassation and Justice, Romania’s top judicial authority, following a vote by the Judges’ Section of the Superior Council of Magistracy (CSM), Hotnews.ro reported on June 23. Savonea received...
Romania's new government is weighing the introduction of a temporary tax on what it terms the "excessive profit" of banks, according to the ruling strategy confirmed by minister of finance Alexandru Nazare and cited by Economedia.ro on June 23. The measure is expected to generate...
Romania’s new government plans to repeal the current regulation requiring state-owned companies to distribute the majority of their annual profits as dividends, according to the official ruling strategy signed by the four-party coalition. Instead, profits generated by state-owned energy companies will be reinvested through a newly established energy investment fund,
Romania’s planned increase in the dividend tax rate from 10% to 16% is expected to generate RON 3.6 billion (EUR 720 million) in annual revenues, finance minister Alexandru Nazare said on June 23 following his hearing before the expert committee in Parliament. “Yes, it is an annualised amount for next year, with an impact of […]
Romania’s new government, backed by the four pro-Western parties in Parliament holding a majority of 65%, has not published its ruling strategy, while versions of it have leaked to the media, providing a broad image but not very specific details. Notably, the strategy is expected to incorporate the elements outlined in the updated fiscal plan […]
Romania's new government, headed by prime minister Ilie Bolojan and backed by the four pro-Western parties in Parliament, was endorsed with a majority of 65% of the votes (301 of 465 MPs) and already held its first meeting on Monday, June 23, according to Hotnews.ro. The endorsement...
