The draft Emergency Ordinance establishing the implementation of the integrated electronic system RO e-Transport for monitoring the means of freight transport was approved on Friday by the Executive, informs the Ministry of Finance.The system will monitor in real time the movement of goods with high fiscal risk on the territory of Romania, respectively the transport of goods purchased and delivered intra-Community, the transport of goods that are the object of customs operations and the transport of goods between two locations on the national territory.According to a press release by the Ministry of Finance, the RO e-Transport system includes IT modules for the management of the transport of goods, which will generate unique registration codes for each transport, interconnection elements with cameras and other specific devices for monitoring the road traffic and software components for integrated data analysis. The system will use data and information held at the level of public institutions or authorities with attributions in the field of road transport and will be interconnected with the other information systems existing at the level of the Ministry of Finance, the National Agency for Fiscal Administration or the Romanian Customs Authority."It will become mandatory to declare in advance the data related to intra-Community transports, depending on the type of operation, to the beneficiary or, as the case may be, to the supplier in Romania. They will be valid for a predetermined period from the date of the start of transport, and the system will allow the modification of the declared data until the entry into the national territory or until the transport vehicle is moved. By exception, in the case of goods with high fiscal risk temporarily unloaded on the territory of Romania, the obligation of declaration rests with the depository," is mentioned in the press release.The categories of transport vehicles and the categories of goods with high fiscal risk transported by road that will be monitored and the procedure for applying the RO e-Transport System will be established later by Order of the President of the National Agency for Fiscal Administration, respectively by a joint order of the presidents of the National Agency for Fiscal Administration and the Romanian Customs Authority.The RO e-Transport system will monitor the way in which the VAT related to the intra-Community acquisitions of goods is transferred to the state budget and represents a natural evolution of the activity of preventing tax evasion with VAT in the field of intra-Community trade, because it has been found that the verification of the means of transport during the movement determines the taxation of the revenues obtained from the sale of the transported goods.
Romania has signed a major contract with France for the acquisition of Mistral portable short-range air defense missile systems. The agreement was concluded on Tuesday, November 25, between Romania’s Ministry of National Defense and France’s Ministry of the Armed Forces and Veterans, through their respective General Directorates for Armaments. The acquisition is valued at EUR […]
The European Parliament called on November 26 for EU-wide rules to strengthen the protection of minors online, recommending a minimum age of sixteen for accessing social networks, video-sharing platforms, and AI chatbots, according to a statement from the institution,
The government of Romania will be empowered to establish, ex officio or upon request, by Government Decision, an extended surveillance regime over local companies strongly affected by economic sanctions imposed by other states, according to the legislative project prepared by the government, given that the situation of the assets held by the Russian giant Lukoil […]
The European Commission (EC) will reportedly give Romania four more months to appoint permanent management under competitive procedures at 48 state-owned enterprises (SOEs) in the energy sector, after the Romanian government agreed to double the fine paid by the country and the penalties charged to those responsible (ministers) if the milestone set under the Resilience […]
The Romanian banks boasted in 2025 virtually the same record aggregated net profit as in 2024, namely RON 11.6 billion (EUR 2.3 billion, -0.6% y/y) in January-September and RON 6.2 billion (EUR 828 million, -0.3% y/y) in Q3 alone, according to data published by the National Bank of Romania. The non-performing loan (NPL) ratio has […]
The Romanian Parliament approved the National Defense Strategy on Wednesday, November 26, with 314 votes in favor, 43 against, and three abstentions, following a joint session attended by president Nicușor Dan. The document will guide national security policy for the 2025-2030 period. During the parliamentary debate, Ana Maria Gavrilă, leader of the opposition party POT, […]
