emergency ordinance

A 3% bonus on the payment of income tax more than a month ahead of schedule, more flexible terms for micro-enterprises, easing taxes and grants of up to EUR 20,000 for Romanians living abroad who open productive businesses...

Romania’s budget deficit will amount to 8.6% of GDP in 2024 (cash methodology), according to a GEO draft published by the Ministry of Finance and adopted by the Government on Wednesday. The government raised the deficit target to...

The Foreign Investors Council urges the Government, in the view of the proper functioning of the economy, to stop the regulating practice through emergency ordinances and return to serious consultations, especially when it wants to change the rules...

Under the promise of reducing bureaucracy and increasing efficiency in the public procurement procedure, the Government approved on Thursday an emergency ordinance that brings essential changes in the field. Basically, the most important changes are: Thresholds over which...

The Government has initiated this week the legislation needed to change taxation as it faces the issues related to the budget deficit and the payment of political commitments – and surprised the business environment with a reactive and...

The Government has found a new source to finance the budget deficit, wages and maybe public investment. The profit obtained by the state companies and autonomous companies, not distributed in the previous years, will be assigned to „other...