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News about the Tax on Motor Vehicle Emissions

In the Official Journal no. 17/ 2012 it was published Law no. 9/2012, regarding the tax on motor vehicle emissions. Likewise, in the Official Journal no. 29/2012 it was published Government Resolution no. 9/2012 approving the Methodological Norms for the application of Law no. 9/2012.

13 Feb 2012 | Continued
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Only three of 27 EU Member States are in favour of a Financial Transactions Tax

The European Commission’s proposal for an EU wide tax on financial transactions (FTT) has generated much public and political discussion since it was published on September 28, 2011.

9 Feb 2012 | Continued
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European insurance outlook: Insurers face difficult choices

European life and non-life insurers face important strategic decisions in 2012. Volatility and deterioration in macroeconomic and political factors are disrupting balance sheets, consumers and investors.

9 Feb 2012 | Continued
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Ernst & Young: As one door shuts, another opens

The future has never been certain, but today it is less than clear, even for an asset class “as safe as houses”. While real estate asset transaction volumes might not increase across Europe in 2012, there are positive signs in a number of markets.

9 Feb 2012 | Continued
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International Conference “The Efficiency of Legal Norms”, March 23-24

We have the pleasure to announce you that the Law Faculty of Cluj-Napoca – “Dimitrie Cantemir” Christian University – organizes the International Conference on “The Efficiency of Legal Norms” to be held in Cluj-Napoca, Romania, on March 23rd-24th, 2012.

7 Feb 2012 | Continued
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Popovici Nitu & Asociatii advised Eolenvest on the acquisition of three wind farms

Popovici Nitu & Asociatii advised Eolenvest on the acquisition of Wind Energy Power Trade, Wind Energy Advance Tech and Wind Energy Strategy, three wind farms located in Braila, southeastern Romania, with a total projected capacity exceeding 400 MW.

13 Jan 2012 | Continued
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What next for the Eurozone – Possible scenarios for 2012

Monetary expansion through a liquidity injection from the European Central Bank, orderly defaults for the most indebted countries, Greek exit and a new currency bloc have been outlined as four potential outcomes of the Eurozone crisis in 2012, in a PwC report.

9 Dec 2011 | Continued
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Deloitte study finds companies’ approach to information security is failing

According to the Deloitte Touche Tohmatsu Limited (DTTL) TMT Global Security study recently launched, technology, media and telecom companies (TMT) are generally holding steady as compared to the prior year on their information security activities, budgets, governance, and reporting.

8 Dec 2011 | Continued
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Cristian Bogaru analyzed European legal developments in Geneva

HBA Managing Partner Cristian Bogaru was invited to analyze “European legal developments and trends and challenges of cross border work” at the 2011 European Conference organized by the world famous “The Lawyer” Magazine in Geneva, Switzerland.

3 Nov 2011 | Continued
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ECJ: Banks no longer have to pay VAT when selling non-performing loans

Following a recent decision of the European Court of Justice (ECJ), banks will no longer have to pay VAT when selling non-performing loans to other entities, such as foreign subsidiaries, other banks or factoring entities. VAT will be due only when there is a factoring service agreed between the parties.

1 Nov 2011 | Continued
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Employee return on investment decreased by 12% in 2010

Employee return on investment decreased by 12% in Romania in 2010, according to PwC’s Saratoga Romania 2011 survey, from 1.53 to 1.34. The indicator measuring the Human Capital Return On Investment shows the pre-tax revenue produced by an employee for every monetary unit (e.g.euro, dollar, or RON) paid out in remuneration.

25 Oct 2011 | Continued
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PwC Romania: 10 areas for increased efficiency in the expenditure structure of the Chamber of Deputies

The expenditure structure of the Chamber of Deputies is similar to that of other parliaments of the EU member states, yet there are some opportunities for increasing efficiency, shows a PwC Romania analysis.

13 Oct 2011 | Continued
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The Executive has approved the Government Emergency Ordinance on the setting up of the Ministry of European Affairs

the Government has approved via Emergency Ordinance, the setting up of the Ministry of European Affairs that will have as main responsibilities, management of the process of coordination of European Affairs and horizontal coordination of the management of EU funds absorption process, Minister of European Affairs, Mr. Leonard Orban has stated.

23 Sep 2011 | Continued
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The joint meeting of the Government of Romania and the Government of the Republic of Moldova to be held in November

Prime Minister Emil Boc has had at Victoria Palace, a meeting with Prime Minister of Moldova, Mr. Vlad Filat, during which they discussed issues of bilateral cooperation.

23 Sep 2011 | Continued
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KPMG organises international tax conference

On Thursday 22 September, KPMG in Romania will be holding an international tax conference, to present some hot topics related to taxation in Romania, outline latest EU tax law developments as well as discuss key issues in international taxation.

23 Sep 2011 | Continued
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Oireachtas Committee on Investigations, Oversight and Petitions to hear from the European Parliament’s Petitions Committee

David Lowe, Head of Secretariat of the European Parliament’s Petitions Committee, will appear before the Oireachtas Committee on Investigations, Oversight and Petitions tomorrow, Wednesday 21st September, to discuss the operation of the petitions system in the European Parliament.

22 Sep 2011 | Continued
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EP/Council deal on EU-wide protection for crime victims

Crime victims who have been granted protection in one EU Member State will be able to get similar protection if they move to another, under a draft agreement on the European Protection Order struck by Parliament and Council representatives on Tuesday, after one and a half years of negotiations.

21 Sep 2011 | Continued

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