Published at: 2019-06-14 09:33 | Author: Robert McLean
Ioana Roman, Partner Filip & Company, says Romania’s government amendments to the new tax on banks leaves the business environment intact
Can you explain the issue of the so-called Greed Tax that was created by the Romanian government?
In December 2018, the Romanian government decided with very little prior public consultation to impose a new tax on banking assets. The tax was to be determined by reference to ROBOR, the interbank lending rate. At the level of ROBOR at the date of its enactment the tax would have amounted to 2% of banking assets per year.
Following amendments to the EGO 114/2018 at the end of March 2019, the new...

Similar Stories:

Tri-C Investments secures financing for Czech residential portfolio
Tri-C Investments has completed a mixed equity/mezzanine financing deal enabling the local  »
OTP sells Express Life Bulgaria to Groupama
Groupama Zhivotozastrahovane, part of Groupama Group, has acquired Express Life Bulgaria f  »
Bosna Bank International opens new branch near Sarajevo
Bosna Bank International opened a new branch in Vogosca near Sarajevo. This is the bank’  »
International Investment Bank moves to Hungary
The International Investment Bank has moved its headquarters from Moscow to Budapest. IIB  »
CIJ: Why is the financial crisis from the last decade still relevant today? The echoes ar   »
One of the long-standing paradoxes of Slovakia’s property market has long how difficult   »
The future is not out of our hands. Indeed, the main purpose of organised real estate is t   »
Lower prices means lower costs for manufacturers and carriers, and thus reduced product pr   »