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.
Romanian restaurant chain Spartan, which local entrepreneur Stefan Mandachi sold last year to the brand’s main franchised investors, said it recorded a turnover of EUR 48 million in 2023 and announced plans for local and international expansion. The quick-service restaurant network has reached 75 locations and sold Greek-inspired products to over 7 million customers last […]
Remote Butler, an app developed by an IT company from Cluj-Napoca, Romania, that allows registered waiters to practice their profession regardless of their location, will also include people with disabilities. Moreover, it will also use sign language to make it more pleasant for people with speech impairments to access the services of the restaurants they […]
Techsylvania, the premier tech conference renowned for its ability to unite visionaries in the world of technology, is gearing up for its highly anticipated event in 2024. With a focus on fostering collaboration, sparking innovation, and providing unparalleled networking opportunities, Techsylvania 2024 promises to be an event like no other. Among the most exciting aspects […]
‘Small actions influence significant and unforeseen consequences’ This is the root of the Butterfly Effect and the theme behind the inaugural edition of TEDx ISB. We are thrilled to share the resounding success of this event’s first edition, held on the 6th of April 2024. TEDx events are...
flydubai decided to open a new office in Bucharest, in the Eminescu Offices building, according to Cushman & Wakefield Echinox, the real estate consultancy company that brokered the lease. Founded in 2008, flydubai is a low-cost airline based in the United Arab Emirates (UAE). Elena Iaru, Consultant Office Agency, Cushman & Wakefield Echinox, said: “We […]
Alstom announced on April 23 that it completed a new maintenance facility in Bucharest for electric rolling stock. According to the company, Alstom Grivita Depot is Romania’s first established depot dedicated to the maintenance and testing of electric trains and locomotives. The first EMU from...
