Romania will be closed for new investments as no investor will accept to invest in a country where he has to pay taxes before recovering his losses, stated on Wednesday Gabriel Biris, partner with Biris Goran, at the digital professional debate:’ What have we got out of it? The effects of the fiscal measures package on the economy’, organized by the Coalition for Freedom of Commerce and Communication. He stated that the situation was created as a result of the fact that ‘the budget for 2023 was wrong’ and the Ministry of Finance’ inflated revenues and committed expenditures’ but the revenues were not realized.According to Biris, the measures affecting the Fiscal Code could be divided in two, namely measures coming in an area of normality and measures with negative impact.‘The measures in the Fiscal Code, I would divide them in two categories. I will start with the less damaging, those I consider in an area of normality, namely the changes for microenterprises and some changes as regards the basis for calculating social security contributions for self-employed persons’ said Gabriel Biris.On the other hand, he stated that there are toxic changes, mentioning turnover tax, saying that it is an income tax.Similarly, he referred to supplementary taxation of 2% for the banks, saying that it will affect the health of the banking system. At the same time, he mentioned the supplementary tax for the oil and gas industry, measure which will affect Romgaz, Petrom and Black Sea Oil&Gas.
On Monday, December 23, Romanian police brought Nica Robert Florin back to the country. The man convicted of possession of high-risk drugs, bodily harm, and driving under the influence of alcohol, is listed among Romania’s Most Wanted category and was also wanted internationally. Romanian authorities revealed at the beginning of October that they had indications […]
An investigation by the famous British newspaper Financial Times revealed that the campaign of former Romanian presidential candidate Călin Georgescu was supported by a Russian network also used during the pandemic in France and Germany to instill fear of vaccines. The newspaper’s investigation began in continuation of those by Bulgarian and Romanian journalists at BG...
Bucharest’s District 3 City Hall will once again organize a special New Year’s Eve event in Titan Park, with a program of live concerts, multimedia shows, and even a simulation of the Northern Lights. The event, set to begin at 8:00 PM on December 31, will focus on the theme of infinity. “If you missed […]
Traffic on Lot 1 of the A7 Ploiești-Buzău highway, stretching 21 kilometers in southern Romania, was officially opened on Monday, December 23. With this opening, 102 kilometers of the total 320 kilometers of the highway are now usable. The Moldova Highway, as it has been called, is meant to connect Romania's economically underdeveloped eastern regions to […]
The Dutch technology investor Prosus NV, also the majority shareholder of Romania’s largest online retailer eMAG, is set to buy the online travel agency Despegar.com Corp, focused on Latin America, for approximately USD 1.7 billion. The purchase consideration will be funded from existing cash resources, the company said. Founded in Argentina in 1999, Despegar is one […]
The new Forestry Code, which passed the Parliament vote on December 17 and was signed into law by president Klaus Iohannis on December 20, includes provisions that protect all forests in Ilfov, the county surrounding Bucharest, making them the cornerstone of the future green belt around the capital city. Moreover, it legislates green belts nationwide, […]
