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July 5, 2022

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NEWSFLASH
NEWSFLASH

, 05.07.2022, 13:55

CODE
The latest amendments to Romania’s Fiscal Code have been in the so-called
decisional transparency phase until Friday and are to be endorsed by the
government next week. Among the amendments agreed upon by the PSD-PNL-UDMR
government coalition with the declared purpose of increasing state revenues,
are those focusing on raising tobacco and alcohol excise duties, the VAT in the
hospitality industry and property owner’s taxes. Gambling revenues up to 3,000
RON will be taxed by 10%, those between 3,000 and 10,000 RON by 20% and those
over 10,000 RON by 40%. According to government sources, another measure envisages
a 5% VAT for purchased houses with a maximum value of 600 thousand RON and a
surface up to 120 square meters. Other amendments are expected to increase house
owner’s taxes by 60%. Taxes in the hospitality industry may also change so they
may not be lower than 1% of the turnover starting next year.








REFUGEES According to the General Border Police Inspectorate, 107,837
people entered Romania on Monday, out of whom 9854 are Ukrainian citizens.
Since February 10th 2022, two weeks before the Russian invasion,
1,457,561 Ukrainian nationals have entered Romania.






SPORTS 494 swimmers from 42 countries are competing in the European Junior Swimming
Championships underway in Bucharest until July 10. The host country, Romania,
is being represented by 26 athletes, 14 boys and 12 girls including the double
world champion in the 100 and 200 meters freestyle race, David Popovici. The 17
year old champion has already qualified for the semifinals of the 200 meter
freestyle race. Aissia Claudia Prisecariu and Rebecca-Aimee Diaconescu have
qualified for the women’s 50 meter backstroke race while Ana Maria Sibiseanu
has qualified for the semifinals of the women’s 200 meter freestyle race.






TENNIS US
tennis player Amanda Anisimova will be playing Romanian Simona Halep in the
quarter finals of the Grand Slam tennis tournament in Wimbledon. In the round
of 16, Halep secured a 6-1, 6-2 win against Paola Badosa of Spain, while
Anisimova defeated Harmony Tan of France 6-2, 6-3. A former world leader, Halep
won the 2019 of Wimbledon and a year earlier the one in Roland Garros.






FOOTBALL Romania’s football champions CFR Cluj are tonight taking on Pyunik
Yerevan of Armenia in the first round of the Champions League qualifiers. The return
game is due in Cluj next week. If CFR qualify for the second round, they will
be playing the winner of the double match pitching F91 Dudelange of Luxembourg
and KF Tirana of Albania. If eliminated, the Romanians will be playing in the
Europa Conference League, which brings together Levadia Tallinn of Estonia,
Vikingur Reykjavik of Iceland, La Fiorita of San Marino and Inter Club
d’Escaldes of Andorra. In Europa League, FCSB will be playing the winner of the
game pitching FC Saburtalo of Georgia against Partizani Tirana of Albania;
Sepsi Sfantu Gheorghe, winner of the Romanian Cup will be playing the winner of
the match opposing Olympia Ljubljana and Differdange 03 of Luxembourg.
Universitatea Craiova will be up against KF Vllaznia Shkoder, which won the Cup
of Albania.






(bill)

July 25, 2025 UPDATE
Newsflash Friday, 25 July 2025

July 25, 2025 UPDATE

  VISIT – Romania and Austria have everything they need to build an even stronger economic partnership, Romanian President Nicușor Dan...

July 25, 2025 UPDATE
Newsflash
Newsflash Friday, 25 July 2025

July 25, 2025

Visit – Romania and Austria have everything they need to build an even stronger economic partnership, the Romanian President Nicușor Dan said...

July 25, 2025
July 24, UPDATE
Newsflash Thursday, 24 July 2025

July 24, UPDATE

Cooperation. The increase in trade between Romania and Hungary and the development of joint infrastructure and interconnection projects were...

July 24, UPDATE
Newsflash
Newsflash Thursday, 24 July 2025

July 24, 2025

  RATING – Standard & Poor’s rating agency announced that it maintains Romania’s rating and the negative outlook in the...

July 24, 2025
Newsflash Wednesday, 23 July 2025

July 23, 2025

Measures – The governing coalition in Bucharest decided, following this morning’s meeting, to postpone until mid-August the adoption of...

July 23, 2025
Newsflash Tuesday, 22 July 2025

July 22, 2025 UPDATE

MEASURES The Romanian PM Ilie Bolojan and the deputy PM in charge of reforms, Dragoș Anastasiu, presented on Tuesday in Bucharest the measures...

July 22, 2025 UPDATE
Newsflash Tuesday, 22 July 2025

July 22, 2025

Measures. Higher VAT rates and other taxes and excise duties, bonus cuts and a cap on pensions and salaries are to come into force on August 1....

July 22, 2025
Newsflash Monday, 21 July 2025

July 21, 2025 UPDATE

Visit – The president of Romania Nicușor Dan has received an official invitation to visit the United States from the US president Donald...

July 21, 2025 UPDATE

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