PADigest Romania

In the Spotlight

Bucharest’s new would-be Mayor: Who’s the man? I’m the man!

Romania’s ruling coalition parties finally decided who to send in the race for Bucharest City Hall: Catalin Cirstoiu (49) an orthopedist with no political experience who is managing one of the capital’s largest hospitals, the University Hospital of Bucharest.

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Romania Political Games: ruling parties form alliance, bring forward elections

Romania’s ruling coalition parties shook hands to form a political alliance and to bring forward elections to maximize political gains in a key electoral year. The two former antagonist parties, the leftist Social Democrat Party (PSD) and the center-right…

Local Tunes: Who's your Mayor?

One year before local elections, political parties are still struggling to find appropriate candidates for city halls. Save for the ones that really performed and already secured their next term, the would-be candidates depend on securing political support…

INSIGHTS

BY GRAYLING

Grayling CEE Outlook Report 2024

CEE AT A GLANCE: EXECUTIVE SUMMARY The political scene in CEE is buzzing with likelihood of change and anticipation of future elections. Political elites and business from CEE are closely monitoring the European and US elections, which will have a significant impact on the political and economic landscape within the region. To provide more light on the matter, our expert teams have prepared the Grayling 2024 Outlook for CEE Report, summarising the key events in 2023 and forecasting the possible changes in 2024, and the years to come.

21 Feb • PDF

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LEGAL BRIEFS

BY TUCA ZBARCEA & ASOCIATII

Fiscal Bulletin - New fiscal and budgetary measures to ensure Romania's long-term financial sustainability

Law no. 296/2023 on some fiscal and budgetary measures to ensure Romania's long-term financial sustainability was published in the Official Gazette no. 977/27.10.2023. Relevant highlights: Tax measures: • Minimum turnover tax; • Additional tax for credit institutions; • Additional tax for companies operating in the oil and gas sectors; • Microenterprise tax; • Income tax; • Social security contributions; • Special tax on immovable and movable property of high value; • VAT; • Excise duties. Measures to strengthen financial and fiscal discipline: • General implementation of RO e-Invoice system • Implementation of RO e-Seal system. Measures to ensure tax compliance: • Measures to prevent and combat illegal economic activities; • Strengthening financial discipline and combating tax evasion; • Elimination of the possibility to pay half of the minimum fine. To read more, please download the .pdf attached.

01 Nov • PDF

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