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.
Representatives of the ruling Social Democratic Party, PSD, gathered for a congress in Bucharest on Friday, November 7, to elect new leadership and to amend the party’s Statute. The only candidate for party leader is Sorin Grindeanu, who held the interim position after Marcel Ciolacu's resignation in May. In his speech at the congress, Sorin […]
The e-commerce sector recorded strong early results on Black Friday 2025, according to real-time data released on Friday, November 7, by PayU GPO Romania from its dedicated Media Center. By 14:10, the payment processor reported successful transactions totaling RON 514 million (roughly EUR 101 million). PayU said shoppers had made roughly 889,000 purchases, with around […]
Contakt Express Logistik, one of Romania’s leading retailers of mobile phone and tablet accessories, with a network of over 235 stores, is set to launch the initial public offering (IPO) between November 12 and December 3, 2025. The company offers a wide range of products, including cases, screen protectors, chargers, and gadgets, both in physical […]
Romania attracts fewer international tourists today than it did during the communist era, making it the only country in Europe in this situation, the National Association of Travel Agencies (ANAT) warned, as reported by news agency Agerpres. According to the organization, Romania received more than 3.4...
InterCapital ETF, the first international ETF provider in Romania, will launch two new exchange-traded funds on the Bucharest Stock Exchange starting November 11, 2025. The new instruments are the InterCapital CROBEX10 TR UCITS ETF, which offers exposure to the Croatian blue-chip equity market by tracking the performance of the CROBEX10tr index, and the InterCapital EUR […]
The Competition Councils of Romania, Bulgaria, and the Republic of Moldova have granted the necessary authorizations and approvals for the completion of the transaction through which Maspex Romania takes over the majority shareholding of Purcari Wineries. The Maspex Group, which has been present in Romania for nearly 30 years, became the majority shareholder of one […]
