At a plenary sitting on Tuesday, the Chamber of Deputies adopted a bill under which mining royalties derived from mineral water exploitation may become revenues of the local governments.The bill is designed to attract financial resources at the level of local administrations allowing spa resorts in Romania to make offers suitable to the needs of tourists in terms of accommodation establishments, healthcare centres, related affordable service packages.By way of derogation from Article 307(2) of Government Emergency Ordinance 57/2019 regarding the Administrative Code, as subsequently amended and supplemented, the mining royalty derived by concession from activities of exploitation of surface resources, carbonated or non-carbonated natural mineral water, therapeutic mineral water and thermomineral water should become income as follows: 35% to the local budget of the county on whose territory the exploitation is carried out, 45% to the local budget of the small towns, towns or cities , as the case may be, on whose territory there is such exploitation, 20% to the national budget.The bill was also adopted by the Senate, with the Chamber of Deputies being the decision-making body in this case.
The Museum of Collectivization, the first in Romania dedicated to the forced collectivization period of the communist era, is set to open a new wing, Corp B, funded through the EU-backed National Recovery and Resilience Plan (PNRR) and co-financed by the National Cultural Fund Administration (AFCN). With the new building, the museum located in Tămășeni, […]
Romania’s “Madrigal – Marin Constantin” National Chamber Choir, conducted by Anna Ungureanu, will be in Luxembourg and Belgium, as part of the “Bridges Across Europe/Punți peste Europa” European tour, where it will perform five extraordinary concerts. The performances will take place between November 20 and 25, with the help of the Ministry of Culture, the Romanian Embassy […]
The European Development Bank approved a EUR 140 million loan for Romania’s “Cultural Foundations” project, aimed at preserving historical monuments and constructing cultural buildings in the country. The project targets 14 investment objectives of national and European relevance, administered by public institutions under the Ministry of Culture, including the Romanian Athenaeum, the Romanian National Operas […]
Bucharest, November 14, 2024 – Exim Banca Romaneasca offers clients the possibility to verify the true identity of the beneficiary when initiating a payment in RON through internet or mobile banking. This is enabled by the bank’s adoption of the Beneficiary Name Display Service (SANB), which helps prevent fraud and reduces erroneous transactions caused by […]
Fifty NGOs and civic groups, along with the Bucharest Environmental Platform, have drawn up an open letter calling on Romania’s Ministry of Environment, Waters, and Forests to urgently approve the Management Plan for the Văcărești Natural Park in Bucharest. They say the plan has been pending approval for nearly a year. The non-profits noted that […]
AROBS Transilvania Software (BVB: AROBS), the largest technology company listed on the Bucharest Stock Exchange, reports consolidated turnover of 306.2 million lei as of September 30, 2024, with an EBITDA of 43.4 million lei and a net profit of 16.1 million lei. “If at the end of 2023 we anticipated potential stagnation in the automotive...
