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In the Spotlight

Romanian Presidential elections: abort, reset, replay. Now you see me?

Romania canceled its ongoing Presidential elections to prevent independent Calin Georgescu, a far-right candidate with pro-Russian sympathies, from winning. The country’s Constitutional Court took the decision citing disinformation via improper use of social media and AI algorithms, plus…

Constitutional Court Cancels Presidential Elections

The Constitutional Court of Romania just announced the voting process for the Presidential Election will be restarted. The current results are canceled and the whole electoral process will be re-done. The Central Electoral Bureau will come up with…

Explosive countdown: Pro-Western parties shake hands, intelligence reports cry fault in pro-Russian candidate campaign

Four days before critical presidential elections scheduled Sunday, pro-Western parties in the Romanian parliament left aside differences and signed an agreement pledging to continue the country’s EU and NATO stance. They will discuss about forming a new Cabinet…

INSIGHTS

BY GRAYLING

Kaos. Panic, anger and confusion ahead of Romanian parliamentary elections

The surprise raise of the far-right, pro-Russian candidate Calin Georgescu in presidential elections sent Romanian society into a spiral of panic, anger and confusion ahead of key parliamentary elections scheduled Sunday. Georgescu (62), running as independent, came from nowhere to win the first round of presidential elections, with some 23% of the votes. He was followed by centrist, progressist Save Romania Union (USR) candidate Elena Lasconi and incumbent Prime Minister Marcel Ciolacu, a Social Democrat (PSD), both at 19%. The first two are expected to face voters again in a runoff, Dec. 8.

29 Nov • 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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