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 service center for the banking Societe Generale Group, the Societe Generale Global Solution Centre, announced the appointment of Laurent Mirjol as Chief Executive Officer, effective June 1, 2025. The new CEO will oversee the activities and develop the strategy of Societe Generale Global Solution Centre Romania. With over 20 years of experience in the […]
During a press conference held on Monday, July 14, Romanian president Nicușor Dan defended the recent tax hikes enacted by the government, underlining the need to reassure creditors and lower the country’s public debt. Nevertheless, he said that the VAT increase was decided by the government. In the presidential campaign, then-candidate Nicușor Dan promised to
The famous Pompidou Center in Paris will organize a retrospective of the complete works of Romanian director Radu Jude between September 23 and October 11. The retrospective brings together films made over twenty years by the prolific Romanian director. The event will open and close with two of the most recent films, namely “Kontinental 25” […]
Romanian president Nicușor Dan presented the expenses incurred in the electoral campaign and who the main donors were during a press conference on Monday, July 14. Over the first and second rounds of the presidential elections, Dan's campaign spent over RON 60 million (EUR 12 million), and the biggest individual donors were Măriuca and Florin...
Haleon, a global leader in consumer health, has appointed Wael Kaskas as General Manager for its Hungary, Romania, Czechia, and Slovakia cluster. With a strong background in FMCG, consumer healthcare, and supermarket retail, Kaskas brings extensive experience in managing billion-dollar portfolios and leading business transformations, the company said. Before this role, Kaskas was responsible for […]
Vadoo Fest returns on August 21–24 to the meadows of Vadu Oii, Buzău County, with a new edition that invites participants to slow down and reconnect. Now in its seventh year, the festival promises a special experience rooted in nature, music, and human connection. This year’s line-up blends depth and groove, featuring Grammy-winner Judith Hill, […]
