The government approved on Wednesday, at the proposal of the Ministry of Development, Public Works and Administration (MDLPA), the procedure regarding the collection of the royalties generated by the activities of exploitation of the state's surface resources under concession."This normative act was needed because, although law provides that 80pct of the royalties generated by surface concessions go to local and county authorities and 20pct to the state budget, in the absence of any methodology, this law was not applied. According to the provisions of the Administrative Code, these revenues mainly concern the local and county authorities, and the proposed measures provide for the application of this right," specified Minister Cseke Attila, according to a press release of the MDLPA.According to the Administrative Code, the share of 40pct of the royalties generated by the concession of agricultural land will be transferred directly to the local budget, 40pct to the county budget and 20pct to the state budget, every month, quarterly, every semester or annually, according to the agreement in force.Regarding the royalties obtained by the exploitation of mineral resources, including carbonated or non-carbonated natural mineral waters, the exploitation percentages are distributed as follows: 35pct to the county budget on whose territory the exploitation activity is carried out, 45pct to the locality budget and 20pct to the state budget, every month, quarterly, every semester or annually, according to the agreement in force, said MDLPA.
Romanians are worse off now compared to 6 months ago, and 2026 will also be difficult, but from 2027 and then on, there is hope, said president Nicusor Dan during an interview with Romania TV. The government targets a deficit of 8.4% of GDP this year, marginally below 8.65% of GDP in 2024. To tackle […]
Imran Vilcassim, Chief Commercial Officer, Digital Platforms at BPC, explores how Romania’s booming digital payments outpace merchant readiness and why mobile POS is emerging as the practical solution. Romania’s digital payments volumes are rising fast, but merchant infrastructure isn’t keeping up. Independent market models estimate total digital payments will reach nearly
The attributes needed to reach the top of the business hierarchy, how to motivate and support the teams one works with, and how to tackle the unavoidable challenges that arise along the way were among the topics discussed at the event Inspiring Women in Business, organized by La French Tech Bucharest. Making it to a […]
More than half of the elderly people in urban areas in Romania face loneliness, and almost 310,000 of them experience it at a high level, according to a study conducted by the Association Never Alone, Friends of the Elderly, in partnership with Kantar Romania. The study, carried out in August 2025 on a representative sample […]
Square 7, part of retail park investor M Core, officially inaugurated its new Bucharest office last week, marking an important milestone for the company. More than 150 guests joined the event, including partners, collaborators, and team members. M Core is a family of property investment and management companies comprising LCP, Sheet Anchor, Proudreed, and Sheet […]
Real estate developer Hagag Europe Development has expanded its Romanian operations into the energy sector with the acquisition of BTD Distribuție și Furnizare, a local company specializing in natural gas infrastructure, distribution, and supply. The company has opened a new local division - Hagag Energy - and announced plans to invest more than EUR 400 […]
