Postponing bill payments or capping energy prices will trigger chain negative effects, and the adequate solutions are VAT cutting or VAT exemption for gas and energy, the Romanian Power Suppliers Association (AFEER) said in a release on Friday.AFEER has taken note of the set of measures announced by the European Commission for EU member states to apply in order to reign in the impact of the explosive rise in energy prices. It falls on the authorities in each country to decide which measures in the set unveiled by the EC will be implemented, in accordance with their own policies."We reiterate our stance that both short-term and long-term solutions are urgently needed, but their impact must be properly assessed. Although they could appear as a support for eligible consumers, measures such as price capping and/or postponing the payment of consumer bills are not the most appropriate and beneficial because they will trigger chain harmful effects after application. We say this because the consumers who will defer their electricity and/or gas payment obligations in the next period will pile up large debts that will add to next year's consumption. Moreover, we have all seen that a measure such as postponing bill payments, which was applied during the state of emergency, did not resolve the situation. On the contrary, it has led to rescheduling of payments for consumers and great cash flow difficulties for suppliers," the release states."AFEER came to the aid of the authorities with concrete proposals to lower consumer bills. Cutting the VAT on electricity and gas or a VAT exemption for these utilities, the excise exemption and the partial coverage of the utility bills by the prompt enforcement of the Vulnerable Consumer Law are the association's proposals for the immediate reduction of consumer bills," the cited source states.The representatives of the power suppliers also argue the VAT reduction or VAT exemption for energy will indirectly impact all consumers, lowering the increase in final product prices.
The Romanian Youth Orchestra and the Orchestre National de France, conducted by Cristian Măcelaru, will perform on November 20 at the Radio France Auditorium in Paris. The soloists will be Maria Marica, winner of the 2022 George Enescu International Violin Competition, and Luc Héry, concertmaster of the Orchestre National de France. The program covers works […]
“The Cello Robot” – a Special Artistic Moment at GoTech World 2025 – Blends Art and Technology in a Spectacular Performance GoTech World 2025, the largest B2B expo-conference for IT and digital solutions in Central and Eastern Europe, takes place on November 11–12 at Romexpo, Pavilion B1, bringing together over 100 exhibiting companies that will […]
A Russian drone fell on Romanian territory, in the Grindu area of Tulcea County, approximately 5 km from the border with Ukraine, on the night of Monday to Tuesday, November 10 to 11. The incident was condemned by the Romanian Foreign Ministry, while the president labeled it “an accident.” The drone was most likely part […]
More than 320 items, from the collections of the National Museum of Art of Romania (MNAR), various national and international museums, and private collections, will be included in the exhibition "Romania- Identity Representation of Traditional Dress in Art" ("România – reprezentarea identitară a portului popular în artă"). The exhibition, scheduled to open at MNAR on […]
The net profit of Banca Transilvania, Romania’s largest bank, at the end of September 2025, was RON 2.92 billion (EUR 574 million), 7.9% more than the same period in 2024, a dynamic mainly impacted by the increase of the banking tax, according to the results released on Monday, November 10. Banca Transilvania financed companies with RON 16 billion (EUR 3.15 billion), and the general population […]
Foreign minister Oana Ţoiu announced on Monday, November 10, that the Romanian Senate adopted a bill criminalizing the violation and circumvention of international sanctions against Russia. According to the new law, those who help individuals and companies on the sanctions list will no longer get away with a simple fine but will be held criminally […]
