The government approved, in Monday's meeting, an ordinance that stipulates measures in support of the HORECA sector, of the economic environment, finalized as a result of the Government's dialogue with the representatives of the activity sectors, informs a press release sent by the Executive."Thus, for the HORECA sector, which is facing a lack of liquidity, it was established the exemption from the payment of the specific tax due by economic operators for a period of 180 days, calculated from the date of entry into force of this ordinance. At the same time, the mechanism for recalculating the specific tax due was stipulated, in the sense of deducting this period of 180 days from the total of 365 days of the fiscal year," the release shows.According to the cited source, the normative act also provides regulations regarding the flexibility of the conditions for accessing the payment rescheduling.Another novelty, according to the Executive, is the termination of the declaratory obligations for the entities that have registered in the trade register the reference to the temporary inactivity or for those that have suspended the activity, during the period of inactivity or suspension of the activity."The measure aims to reduce the administrative burden on taxpayers who currently maintain their reporting obligations or may obtain a derogatory declaration regime if they so request, if they have entered inactivity in the trade register or have suspended their activity (such as the free professions)," the release further mentions.An amendment to the Fiscal Code envisages the establishment of the obligation of public notaries to declare the transactions from the transfer of the property right and its dismemberments located under the non-taxable ceiling of 450,000 lei.
Low-cost carrier Wizz Air announced three new routes from Bucharest, two additional aircraft, and a permanent base that will be established in the Romanian capital at the Băneasa Airport. The new base will open starting April 1, 2025. The move will see the airline increase its Bucharest fleet to 21 aircraft. "Bucharest is of crucial importance […]
Shopping center developer Argo Capital sold Shopping City Suceava in northeastern Romania to M Core for an undisclosed sum. The property offers a leasable area of 43,100 square meters, hosting over 100 retailers. According to real estate consultancy company iO Partners, which advised Argo Capital, this marks the largest transaction in the past five years […]
“Language Buddy,” a project launched in the city of Brașov, aims to support young migrants and refugees in learning the Romanian language. The same project trains students as mentors in intercultural pedagogy. “Language Buddy” is a model simultaneously implemented in eight European countries (Greece, Italy, Romania, Bulgaria, Spain, Portugal, Malta, and Austria) and is based […]
President Klaus Iohannis and prime minister Marcel Ciolacu reaffirmed Romania’s intention to combat anti-Semitism and promote the memory of Holocaust victims with the occasion of the International Day of Commemoration of the victims of the Holocaust. The head of the Romanian executive attended the ceremony dedicated to the international day and the remembrance of the […]
Bucharest, Ilfov, and Timiș emerged as the regions with the highest number of registered mortgages in Romania in 2024, followed by Iași and Constanța. According to an analysis conducted by online broker Ipotecare.ro and financial consultant and mortgage lending company SVN Credit Romania, roughly 86,600 mortgages were recorded nationwide last year, marking a 26.5% increase […]
Crevedia Retail Park, one of the largest strip malls in Romania, with a total leasable area of 11,400 sqm, opened on the Bucharest-Târgoviște road close to Bucharest on Monday, January 27. The total investment, by REPACO Capital and its partner Weststar Real Estate, amounts to EUR 15 million, partly co-financed by Banca Transilvania through an investment […]
