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.
Romania’s prime minister Ilie Bolojan reportedly opposes the idea of further prolonging the price-capping mechanism introduced in August 2023 and repeatedly extended so far, according to Ziarul Financiar. Ambiguous statements over the weekend indicated an incipient conflict among the ruling coalition’s...
Several thousand civil servants rallied in Bucharest on September 15 to oppose government reform plans that would reduce public administration staff, Radio Romania Actualități reported. Protesters gathered in Victoriei Square before marching to the Palace of Parliament,...
A memorandum establishing a new stock exchange in the Republic of Moldova was signed on September 15 in Chișinău, with the Bucharest Stock Exchange (BVB) set to play a key role as shareholder and technology partner, according to Bursa.ro. The new Moldovan exchange will run...
The “service pensions”, also known as special pensions, paid to civilians (military not included in the report), cost the state budget and the state social insurance budget a total of RON 2.2 billion in 2024, over 22% more than in 2023,
The Czech company Tesla has officially announced to the government and local authorities that it is abandoning the project to build the energy storage factory in Brăila, an investment of EUR 90 million that was also to receive state aid, according to
Romanian households' purchasing power has deteriorated in July, both as a result of slower nominal advance (+5.2% y/y, the weakest in four years) but also because of a sharp rise in inflation (7.68% y/y) following the VAT rate hike, according to data published by the statistics office INS. The average net wage dropped by 3.0% […]
