The Government decided on Wednesday, through an emergency ordinance, that the current system of calculating the tax on buildings and the tax on land will be maintained until the beginning of 2026.Thus, the Government approved the extension of the entry into force of the provisions relating to the tax on buildings and the tax on land provided by OG no. 16/2022 for the amendment and completion of Law no. 227/2015 on the Fiscal Code, the repeal of some normative acts and other financial-fiscal measures, from January 1, 2025 to January 1, 2026."For the implementation of the real estate tax reform, a specialized structure will be established within the Ministry of Finance, according to the recommendations of the international institutions that provided technical assistance - the World Bank and the IMF. The implementation of the real estate tax reform represents a commitment assumed by the National Reform and Resilience Plan (PNRR)", the release reads.
The National Anti-Corruption Directorate (DNA) conducted a series of raids on Tuesday, July 22, as part of a criminal investigation into alleged corruption involving Cristian Popescu Piedone, the head of the National Authority for Consumer Protection (ANPC). Prosecutors suspect Piedone of tipping off a business in advance of an inspection, according to Biziday.ro. The investigation...
Social Democratic Party (PSD) president Sorin Grindeanu has firmly denied rumours that the party intends to leave Romania's ruling coalition, dismissing such claims as baseless and criticising those spreading them. His statement came during a press conference on July 21, amid growing internal tensions over the government's fiscal decisions, particularly the suspension of funding for […]
Romanian prime minister Ilie Bolojan has offered assurances that public investment projects already in advanced stages under the Anghel Saligny National Programme will continue, despite the government’s decision to halt broader funding for the scheme due to budgetary constraints. His statement was made during an interview on B1 TV on July 21, following a wave […]
The Social Democratic Party (PSD) of Romania will propose a new 0.5% turnover tax to apply to companies that currently pay profit tax, PSD president Sorin Grindeanu announced during a press conference on July 21, Economica.net reported....
The chain of medical clinics operated by the European medical group Affidea expanded to 74 after it acquired three new clinics in Otopeni, Miercurea Ciuc, and Braila. The national chain now covers 32 cities, according to a group's press release. "The Affidea Romania investment plan for 2025 will exceed EUR 100 million, which will be […]
Romania’s Ministry of Finance has launched a coordinated inter-institutional initiative aimed at building a national portfolio of investment projects that can be developed through public-private partnership (PPP) mechanisms, the ministry announced on July 21. The programme seeks to identify projects with significant economic and social impact that can attract private capital and expertise. Finance minister […]
