President Klaus Iohannis promulgated on Wednesday the normative act for amending and supplementing Law no. 256/2018 on some measures necessary for the implementation of oil operations by the holders of oil agreements regarding offshore oil perimeters, the Presidential Administration announced.The law was passed by the Chamber of Deputies last week, as a decision-making body. According to the law, the Romanian state will collect 60% of taxes and duties for the gas from the Black Sea. The law stipulates that producers will pay additional tax when the price of gas will exceed 85 lei / MWh, compared to 45.71 lei / MWh, as established by the law in 2018. The tax increases progressively depending on the price of gas: 15% of the additional revenues obtained as a result of prices higher than 85 lei / MWh and less than or equal to 100 lei / MWh; 30% of the additional revenues obtained as a result of prices higher than 100 lei / MWh and less than or equal to 115 lei / MWh; 35% of the additional revenues obtained as a result of prices higher than 115 lei / MWh and less than or equal to 130 lei / MWh; 40% of the additional revenues obtained as a result of prices higher than 130 lei / MWh and less than or equal to 145 lei / MWh; 50% of the additional revenues obtained as a result of prices higher than 145 lei / MWh and less than or equal to 160 lei / MWh; 55% of the additional revenues obtained as a result of prices higher than 160 lei / MWh and less than or equal to 175 lei / MWh; 60% of the additional revenues obtained as a result of prices higher than 175 lei / MWh and less than or equal to 190 lei / MWh; 70% of the additional revenues obtained as a result of prices higher than 190 lei / MWh. According to the law adopted by the Parliament, investors can deduct a maximum of 40% of the total tax on additional income, for investments made in the upstream segment, compared to 30% at present. It also removes the obligation to sell 50% of domestic production, with the government only being able to intervene in crisis situations. The law also establishes that Romania will have the right of preemption for the purchase of natural gas, ie it will be able to cover the domestic needs before selling the surplus for export. The new law also stipulates that the royalty regime and the specific tax regime will not change, in any form, for or against investors, for the duration of the agreements.
Romanians are worse off now compared to 6 months ago, and 2026 will also be difficult, but from 2027 and then on, there is hope, said president Nicusor Dan during an interview with Romania TV. The government targets a deficit of 8.4% of GDP this year, marginally below 8.65% of GDP in 2024. To tackle […]
Imran Vilcassim, Chief Commercial Officer, Digital Platforms at BPC, explores how Romania’s booming digital payments outpace merchant readiness and why mobile POS is emerging as the practical solution. Romania’s digital payments volumes are rising fast, but merchant infrastructure isn’t keeping up. Independent market models estimate total digital payments will reach nearly
The attributes needed to reach the top of the business hierarchy, how to motivate and support the teams one works with, and how to tackle the unavoidable challenges that arise along the way were among the topics discussed at the event Inspiring Women in Business, organized by La French Tech Bucharest. Making it to a […]
More than half of the elderly people in urban areas in Romania face loneliness, and almost 310,000 of them experience it at a high level, according to a study conducted by the Association Never Alone, Friends of the Elderly, in partnership with Kantar Romania. The study, carried out in August 2025 on a representative sample […]
Square 7, part of retail park investor M Core, officially inaugurated its new Bucharest office last week, marking an important milestone for the company. More than 150 guests joined the event, including partners, collaborators, and team members. M Core is a family of property investment and management companies comprising LCP, Sheet Anchor, Proudreed, and Sheet […]
Real estate developer Hagag Europe Development has expanded its Romanian operations into the energy sector with the acquisition of BTD Distribuție și Furnizare, a local company specializing in natural gas infrastructure, distribution, and supply. The company has opened a new local division - Hagag Energy - and announced plans to invest more than EUR 400 […]
