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.
Orange said it appointed Carl Al Khawand as Chief Financial Officer (CFO) of the Orange Romania Group, effective July 1, 2024. He will take over the responsibilities of Adela Guédon, who will continue her career within the Orange Group as CFO of the cyber security division, Orange Cyberdefence. With over ten years of experience within […]
Tudor Giurgiu’s Libertate/Freedom is the big winner of this year’s Gopo Awards, the event awarding the achievements of the local film industry. The movie, inspired by true events and telling a lesser-known story that took place in Sibiu during the 1989 Revolution, won the Best Feature Film plus nine other trophies at the gala held […]
More than half - 55% - of parents working abroad will not spend the Easter holidays in their home country with their children, while 39% say they will come home for Easter, and 6% were still undecided about returning, according to a survey conducted by Save the Children Romania among beneficiaries of a program dedicated […]
Former Bucharest mayor Gabriela Firea and energy minister Sebastian Burduja entered the race for the Bucharest mayor seat after the governing coalition withdrew its shared candidate, a move further fragmenting the race and raising questions over how the two parties currently in power will approach the presidential elections. The plans of the governing coalition, made […]
One United Properties (BVB: ONE), the leading green investor and developer of residential, mixed-use, and office real estate in Romania, announces that WNS, the forefront business process management (BPM) company, will be relocating its headquarters to One Cotroceni Park, as of this April. By moving to one of the...
The Romanian Senate passed the new Forestry Code bill on April 29, including, among others, the amendments to safeguard the forests in Ilfov county. Protecting these forests would be the starting point for creating the Bucharest-Ilfov Green Belt - a civic initiative backed by the Ministry of Environment and MPs from across the political spectrum. With […]
