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.
June is the richest month. The most awaited two weeks in my annual festival pilgrimage. The route starts with Romania’s Transilvania International Film Festival (TIFF), followed by Italy’s (and the world’s) most comprehensive festival for restored and archival film: Il Cinema Ritrovato. To shake up the traditional article on the two, I’ll start with the […]
Different Beauty, a recently opened exhibition of works by Czech photographer David Těšínský, offers a glimpse into everyday life in the war-torn region of Donbas in 2017. The photos were taken within the span of only a few days, as Těšínský traveled to eastern Ukraine to document the lives of women impacted by war. In […]
Different Beauty, a recently opened exhibition of works by Czech photographer David Těšínský, offers a glimpse into everyday life in the war-torn region of Donbas in 2017. The photos were taken within the span of only a few days, as Těšínský traveled to eastern Ukraine to document the lives of women impacted by war. In […]
Roughly 70% of Romanians are “very” or “moderately” concerned about how AI accesses and uses their data, according to the latest survey conducted by RoCoach in partnership with Novel Research between May and June 2025. Distrust in automated decision-making and the demand for regulation are becoming more pronounced, as Romania rolls out major digitalization projects […]
The Armenian Street Festival returns for a 9th edition between August 1 and 3, 2025, in the “Dimitrie Brândză” Botanical Garden in Bucharest. The festival brings into focus the living heritage of the Armenian community in Romania and the diaspora. According to the organizers, this year’s edition aims to strengthen the Bucharest–Chișinău–Yerevan cultural axis, articulated […]
The Romanian mergers and acquisitions market registered a total of 122 announced transactions in the first half of 2025, with a value exceeding EUR 2.7 billion, marking a slight increase of 6% in volume and 4% in value compared to the same period last year, according to an analysis by George Ureche, partner at PwC Romania. […]
