{"id":612068,"date":"2024-01-01T20:00:00","date_gmt":"2024-01-01T18:00:00","guid":{"rendered":"http:\/\/devrri.freshlemon.ro\/news-and-current-affairs\/newsflash\/january-1-2024-update-id612068.html"},"modified":"2024-01-01T20:00:00","modified_gmt":"2024-01-01T18:00:00","slug":"january-1-2024-update","status":"publish","type":"post","link":"https:\/\/www.rri.ro\/en\/news-and-current-affairs\/newsflash\/january-1-2024-update-id612068.html","title":{"rendered":"January 1, 2024 UPDATE"},"content":{"rendered":"<\/p>\n

SCHENGEN The EU Council voted unanimously in favour of Romania’s and
\nBulgaria’s gradual accession to the passport-free <\/strong>Schengen Area, after Austria, the last member country opposing
\nthe measure, lifted its veto. As of March 2024, air and maritime border checks
\nwith these 2 countries will be abolished, with Austria, Bulgaria and Romania committing
\nto also agree on a deadline for ending land border checks.The decision also comprises measures to
\ntighten border checks and fight illegal migration, so that Romania and
\nBulgaria will continue to receive substantial financial support and assistance
\nfrom FRONTEX. The European Council president Charles Michel, the head of the
\nEuropean Commission Ursula von der Leyen, the head of the European Parliament Roberta
\nMetsola and the EU Commissioner for home affairs Ylva Johansson are some of the
\nEU leaders who have welcomed the decision.This
\nis an important first step, Romania’s president said in his turn, and added
\nthat lifting land border checks as well remains a priority for Romania. <\/p>\n

<\/p>\n


\n <\/p>\n

AIRLINE The Otopeni Henri
\nCoand\u0103 International Airport, the largest in Romania, has been prepared for
\nSchengen operation ever since 2011. According to the airport spokesman Valentin
\nIordache, two-thirds of the airport passengers have flights to and from Schengen
\nmember states. Meanwhile, the Romanian state-owned airline TAROM resumed
\nflights to and from Tel Aviv on January 1, after having suspended them in the
\nwake of the October 7 attacks by the Palestinian terror group Hamas.<\/p>\n

<\/p>\n


\n <\/p>\n

PRICES The year 2024 begins with price
\nrises for fuels and foodstuffs as well as for some services. For traditional,
\norganic foodstuffs and for food products made in mountain regions, the VAT went
\nup from 5% to 9%. Excises are also raised for tobacco, alcohol and soft drinks
\nwith high sugar content. Also, certain
\nmicro-enterprises will have to pay higher taxes on turnover, with tax increases
\nalso in place for banks, hotels and restaurants. Housing costs will also be higher, as the VAT in
\nthe real estate sector goes up from 5% to 9% for units worth up to EUR 120,000.
\nAlso as of January 1, meal and holiday vouchers are to be included in the total
\nincomes for which health insurance contributions are paid. Analysts predict
\nretail price increases will be substantial,
\nand expect consumers to turn to cheaper products, while producers will lower
\nthe product weight in order to observe price caps.<\/p>\n

<\/p>\n


\n <\/p>\n

POLICE Close to 24,000 interior ministry staff are on duty
\nduring the 4-day New Year’s holiday, while road traffic is monitored by 360 radar
\nspeed guns and DUI check teams. Also, around 5,000 fire-fighters are on duty
\nevery day around the country, to provide emergency assistance if necessary. The
\nborder police also took steps to enhance border monitoring and to streamline
\nvehicle and person transit at checkpoints. Meanwhile, the authorities announced
\nhaving seized over 100 tonnes of fireworks kits and opening more than 500 criminal
\ninvestigations in this respect, and have once again called on parents not to
\nbuy firecrackers for their children as such materials may be extremely dangerous.<\/p>\n

<\/p>\n


\n <\/p>\n

INVOICING Electronic invoicing is compulsory in Romania as of
\nJanuary 1 for all B2B transactions. The system entails benefits particularly in
\nterms of curbing VAT frauds, the finance minister Marcel Bolo\u015f told a press
\nconference. He also said that those who will not use the e-Invoicing system may
\nreceive sentences of 3 to 10 years in prison, if the new law on fighting
\neconomic and financial crime passes the Constitutional Court review. The
\nauthorities count on additional revenues of EUR 1 bln. Minister Bolo\u015f also said
\nthat in December the national tax authority’s directorate for large taxpayers
\nsecured a record-high total of EUR 3.2 bln in state budget revenues. On the
\nother hand, the government extended a cap on the price of compulsory motor
\ninsurance policies, which will stay at the level in February 2023 until March 2024.
\nThe Cabinet also passed a bill making insurance compulsory for electric bikes
\nand scooters as well. (AMP)<\/p><\/p>\n","protected":false},"excerpt":{"rendered":"

Click here for a roundup of local and world news<\/p>\n","protected":false},"author":113,"featured_media":105194,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[22],"tags":[32986,31754,116348,29131,116352,28976,30062,31822],"coauthors":[],"class_list":["post-612068","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-newsflash","tag-accession","tag-airport","tag-e-invoicing","tag-police","tag-price-rises","tag-schengen","tag-tarom","tag-vat"],"acf":[],"yoast_head":"\nJanuary 1, 2024 UPDATE - Radio Romania International<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.rri.ro\/en\/news-and-current-affairs\/newsflash\/january-1-2024-update-id612068.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"January 1, 2024 UPDATE - 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