Blogs
Timisoara – European Capital of Culture 2023
Submitted by webmaster on Fri, 02/10/2023 - 16:49.VAT rates in Romania
Submitted by webmaster on Fri, 02/10/2023 - 16:39.Considering that the standard VAT is 19%, there are certain goods and services which benefit of a reduced tax rate, as follows:
The reduced VAT rate of 9% is applied to:
Micro-company tax rates
Submitted by webmaster on Fri, 02/10/2023 - 16:38.There are tax incentives for micro-companies if their maximum revenue in the previous year was EUR 0,5 million (Company Romania solution lets increase limit up to 1,5M euro yearly) The following tax rate applies to their income:
How does health insurance tax change?
Submitted by webmaster on Fri, 02/10/2023 - 16:36.Until 2023, if you were a resident of Romania and your yearly dividends was over 6.000 euro, you should have paid health insurance tax of 600 euro. Starting from 2023, this tax will have 3 brackets, instead of just one: at 3.000, 6.000 and 12.000 euro.
How does your tax on dividends change?
Submitted by webmaster on Fri, 02/10/2023 - 16:36.Once your Romanian company starts making profit, you can take out money from the corporation as dividends. Dividends can be paid once per year or once every 3 months.
What taxes will a SRL pay from 2023?
Submitted by webmaster on Fri, 02/10/2023 - 16:35.The SRL taxes will suffer 3 main changes: tax level, tax bracket and company activity for microenterprise.
THE FARMERS: THE NEW LAW FOR THE AGRICULTURAL LANDS’ SALES CONFUSING THE LAND MARKET
Submitted by webmaster on Thu, 04/03/2014 - 14:36.The President of League of Associations of Agricultural Producers in Romania (LAPAR), Laurentiu Baciu, believes that the new law on land sales between individuals does not cover issues of cadaster and the costs they will face municipalities.
"It was not taken into account that there are many lands without cadaster, nor succession is made and where it sells a smaller area of land then the costs are too high relative to revenue," said Baciu at a meeting with members LAPAR.
RDP 2014-2020: FRUIT GROWING ARE PROVIDED FUNDS TOTAL OF 260 MILLION EURO
Submitted by webmaster on Thu, 04/03/2014 - 14:35.Conversion program in horticulture has provided total funding of 260 million euros in the new RDP 2014-2020, of which an amount of EUR 40 million will be allocated to processing and marketing of products obtained.
Lidl to Roll out 14 Romania Stores in 2014
Submitted by webmaster on Fri, 02/21/2014 - 15:35.German retailer Lidl, which entered the Romanian market in 2011 by acquiring Plus supermarket chain, will open 14 new stores this year, ZF.ro reports.
The chain will keep its last year's expansion pace with the goal of having 183 stores at the end of the year as a result of strong growth in sales and the number of customers.
"We will keep the last year's expansion pace and open stores in many areas of the country," said Maksymilian Braniecki, Chairman of the Board of Lidl Romania.
Austria’s Egger has completed a 83MW Romanian biomass plant
Submitted by webmaster on Fri, 02/21/2014 - 15:32.Austria's Egger, the wood processor, has completed a 83MW biomass plant at its site in Romania's Radauti, Suceava County, following a EUR 35 million investment, reports business daily Ziarul Financiar.
The new plant is designed to provide heat and energy on the site, and is fueled by wood waste.
Honeywell opens factory in Ploiesti on Gov't-granted aid of EUR 16 million
Submitted by webmaster on Thu, 12/12/2013 - 08:41.US company Honeywell Transportation Systems on Oct. 8 opened a factory at the West Park Industrial park of Ploiesti, Prahova County, southern Romania, on an investment that is planned to reach 57 million euros by 2015. Chairman of the Friction Materials Division of Honeywell Rainer Bostel told in a press conference that out of the 57 million euros to be invested by 2015 in the new factory that manufactures brake pads, 16 million euros was aid from the Romanian Government approved in 2011 to be paid up as the investment advances.
Organic agriculture in Romania to benefit from over 200 million euros EU funds in next years
Submitted by webmaster on Thu, 12/12/2013 - 08:36.
Agerpres - ROMANIAN ECONOMIC HIGHLIGHTS, November 4 -
10, 2013, No. 45
Solar park to open on 65-million-euro investment
Submitted by webmaster on Tue, 09/10/2013 - 16:34.Wind energy production doubles in first half of 2013
Submitted by webmaster on Tue, 09/10/2013 - 16:33.Energy production in the wind power plants stood at 2.413 billion kWh in the first six months of this year, increasing 1.226 billion kWh from the similar period last year, according to the data released by the National Institute for Statistics (INS) on Aug. 8. The production in thermal power plants accounted for 12.140 billion KWh, declining 26.4 percent. The hydro-power plants generated 15.9 percent more energy, reaching a production of 8.494 billion kWh. At the same time, the nuclear power plant of Cernavoda produced 5.663 billion kWh, by 3.8 percent more.
Over 5.15 billion euros enter national economy from European funds for rural development
Submitted by webmaster on Tue, 09/10/2013 - 16:31.New provisions on industrial parks
Submitted by webmaster on Tue, 09/10/2013 - 16:28.Law no. 186/2013 on establishing and functioning of industrial parks (“Law 186”) has been published. Law 186 repeals the previous legislation (i.e. Government Ordinance no. 65/2001) and introduces new provisions, such as:
Industrial parks are classified based on the activity performed (greenfield industrial park, agropark, technological, innovative, etc.) and the authorisation method (industrial platform and existing industrial platform).
Over EUR 44 million to be invested in Constanta Port upgrade
Submitted by Anonymous on Tue, 07/02/2013 - 13:29.Upgrading infrastructure works worth more than 44 million euros (over RON 200 million) will be conducted at Constanta Port, following a decision taken by the Government on June 12. "The finalization of the intervention works will increase the safety of port operations and stability of docks in the south of the port and it will increase the capacity of Constanta Port, in general.
Romania's land could be an important source for implementation of biomass projects
Submitted by webmaster on Thu, 05/23/2013 - 16:07.Bucharest, May 15 / Agerpres / - Romania's arid land could be an excellent source for biomass projects, and our goal is that, by 2016, to implement 350 biomass installations that can create over 10,000 jobs throughout the country, said in a press conference, Ilias Papageorgiadis, President of the Romanian Association of Biomass and Bio-gas ARBIO. "The category of unproductive land, the so-called fallow land, can be an excellent source for biomass projects across the country, while it cannot anyway be valued as agricultural land.
142 km of motorway due for delivery this year
Submitted by webmaster on Thu, 05/23/2013 - 16:03.A total stretch of 142 kilometers of motorway will be opened to traffic this year, with the first delivery due this May, on the Deva-Orastie segment (northwest of Bucharest, Hunedoara County), which is part of Corridor IV, Minister-delegate for infrastructure Projects of National Interest Dan Sova told the ProTV broadcaster on May 12.
H.Essers Builds Romanian Distribution Center
Submitted by webmaster on Sat, 02/23/2013 - 12:33.Belgian logistics services provider H.Essers started construction of a distribution center on a 50,000 sq. m land plot near Bucharest on January 14, the company announced.
Total investment in construction of the facility is estimated at about EUR 12.5 mln. The project, due to be completed in October, will have an area of 33,000 sq. m, with an option to be extended to 100,000 sq. m.
Suntech and SunSystem announce joint solar power plant ventures in Romania
Submitted by webmaster on Sat, 02/23/2013 - 12:31.Wind energy developer foresees more projects in Romania, describes investment environment as attractive
Submitted by webmaster on Sat, 02/23/2013 - 12:29.Spanish Copisa signs EUR 8 mln contract to build new wind farm in Romania’s Dobrogea
Submitted by webmaster on Sat, 02/23/2013 - 12:27.GE lands USD 30 mln contract for new wind park in Romania
Submitted by webmaster on Sat, 02/23/2013 - 12:25.General Electric will supply seven wind turbines for Energia Verde Ventuno's Cerna Wind Park in Romania's Tulcea region, GE announced. The deal is worth some USD 30 million and includes equipment, the seven turbines with 17.5-megawatt total capacity and service contracts. GE also signed a 10-year, full service agreement to support the operation of the Cerna wind farm.The wind project is expected to generate enough clean energy to power approximately 7,000 Romanian households when it becomes functional later this year.
Romania should plan an agriculture strategy for at least 25 years - rural development romania 2014 -2020
Submitted by webmaster on Sun, 07/08/2012 - 10:43.Changes in several Ministry of Finance orders regarding VAT
Submitted by webmaster on Sun, 06/10/2012 - 08:51.
Local elections set for June 10 this year in Romania
Submitted by webmaster on Sat, 05/19/2012 - 11:51.Romania will organize local elections on June 10 this year, according to Mediafax, quoting official sources. Last year, Emil Boc’s pre-protest Government, assumed responsibility in the Parliament for organizing joint local and Parliamentary elections. The country’s Constitutional Court however ruled that joint elections would be unlawful.
Romania are 12 aliati in propunerea de mentinere a unor alocari substantiale pentru politica de coeziune in perioada 2014-2020
Submitted by webmaster on Sat, 04/28/2012 - 09:58.25 aprilie 2012
Marti, 24 aprilie, a avut loc la Luxemburg Reuniunea Consiliului de Afaceri Generale al UE, in vederea ajungerii la un acord comun privind sumele care vor fi alocate politicii de coeziune, respectiv politicii agricole comune in perioada financiara 2014-2020.