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.
Romanian prime minister Marcel Ciolacu said on Monday, February 24, that a "lasting peace" in Ukraine cannot be achieved without the involvement of the United States, and argued that Romania does not have to choose between it and the European Union. The statements come as the Trump administration is currently negotiating a resolution to the […]
Romania's acting president, Ilie Bolojan, has invited leaders of parliamentary parties to consultations on Wednesday, February 26, to prepare the country's stance for the extraordinary European Council meeting on March 6 in Brussels. The summit, convened by European Council president Antonio Costa,...
Roughly 40 searches took place in the Port of Constanța and other locations on Monday, February 24, in an investigation by the Anti-Corruption Directorate, or DNA, targeting influential local businessmen, former customs officials in the port, and one of the leaders of the Constanța branch of the governing Social Democratic Party (PSD). The prosecutors’ accusations […]
The Bucharest Community Foundation has announced funding for two new projects aimed at enhancing climate resilience in the Romanian capital by implementing sustainable ecological solutions to improve urban infrastructure and environmental quality. The projects were selected through the sixth round of the Environmental Platform for Bucharest initiative. Out of 16 eligible proposals, the jury chose […]
One of the hostages released on Saturday, February 22, by the terrorist organization Hamas also holds Romanian citizenship. The exchange took place before another setback in negotiations and exchanges. Hostages Tal Shoham and Avera Mengistu were released during a staged event in Rafah, and hostages Eliya Cohen, Omer Shem Tov, and Omer Wenkert were released […]
Polish company Scallier, who is expanding its network of Funshop Park retail parks in Romania, is set to open a new shopping center in the Arad region. The opening date for the roughly 10,000 sqm retail park is March 6. The decision to build a retail park in the Arad region in western Romania was […]
