President Klaus Iohannis promulgated on Wednesday the normative act for amending and supplementing Law no. 256/2018 on some measures necessary for the implementation of oil operations by the holders of oil agreements regarding offshore oil perimeters, the Presidential Administration announced.The law was passed by the Chamber of Deputies last week, as a decision-making body. According to the law, the Romanian state will collect 60% of taxes and duties for the gas from the Black Sea. The law stipulates that producers will pay additional tax when the price of gas will exceed 85 lei / MWh, compared to 45.71 lei / MWh, as established by the law in 2018. The tax increases progressively depending on the price of gas: 15% of the additional revenues obtained as a result of prices higher than 85 lei / MWh and less than or equal to 100 lei / MWh; 30% of the additional revenues obtained as a result of prices higher than 100 lei / MWh and less than or equal to 115 lei / MWh; 35% of the additional revenues obtained as a result of prices higher than 115 lei / MWh and less than or equal to 130 lei / MWh; 40% of the additional revenues obtained as a result of prices higher than 130 lei / MWh and less than or equal to 145 lei / MWh; 50% of the additional revenues obtained as a result of prices higher than 145 lei / MWh and less than or equal to 160 lei / MWh; 55% of the additional revenues obtained as a result of prices higher than 160 lei / MWh and less than or equal to 175 lei / MWh; 60% of the additional revenues obtained as a result of prices higher than 175 lei / MWh and less than or equal to 190 lei / MWh; 70% of the additional revenues obtained as a result of prices higher than 190 lei / MWh. According to the law adopted by the Parliament, investors can deduct a maximum of 40% of the total tax on additional income, for investments made in the upstream segment, compared to 30% at present. It also removes the obligation to sell 50% of domestic production, with the government only being able to intervene in crisis situations. The law also establishes that Romania will have the right of preemption for the purchase of natural gas, ie it will be able to cover the domestic needs before selling the surplus for export. The new law also stipulates that the royalty regime and the specific tax regime will not change, in any form, for or against investors, for the duration of the agreements.
The 16th edition of Les Films de Cannes, the festival showcasing productions awarded or selected at the Cannes film festival, returns this fall to Bucharest and four other cities in the country. The winner of this year's Palme d'Or, Jafar Panahi's It Was Just an Accident, will be screened at the event, as will be […]
Răsvan Angheluţă Natural Sciences Museum in Galaţi is scheduled to reopen on September 20, after the completion of modernization works worth over 15.1 million lei (approximately EUR 3 million) carried out by the County Council through the recovery and resilience facility PNRR. The building hosts an Aquarium, an Astronomical Observatory, a Planetarium, and temporary exhibitions. […]
A team of Romanian paramedics won first place at the World Rescue Challenge 2025, a competition that sees first responders and trauma teams from around the world develop new skills and share knowledge. This year, the competition took place in Karlovac, Croatia, and was attended by two Romanian paramedics from Bucharest who have been working […]
Artmark, one of Romania’s leading auction houses, registered record sales of over EUR 15 million despite economic instability, showing the growth potential of the national art market, according to the company’s 2024-2025 market report. Overall, auction sales totaled EUR 11 million, up 8.2% compared to the previous year, while sales through the “Dependent de Artă” […]
Cybersecurity has become a major global priority, impacting individual users, companies, organizations, and public institutions. Social engineering, deepfakes, digital manipulation, and coordinated geopolitical attacks are fundamentally reshaping how we view the digital future. In this context, DefCamp, the largest cybersecurity and hacking conference in Central and Eastern Europe, reaffirms its role as a strategic hub […]
Romanian airline AnimaWings has received its fifth Airbus aircraft, an A220-300, as part of an ambitious expansion plan to build a fleet of 18 planes by the end of 2027, valued at over USD 1 billion. The A220-300 is the airline’s third of this type and will serve both domestic and international routes. Configured with […]
