Results 1 - 25 from 30 for "bank tax"
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World Bank: Climate Change Mitigation Actions In Romania To Involve Consumer Price Hikes And Tax Increases
11.27.2023
Climate change mitigation efforts in Romania will require public support as they entail increases in consumer prices and/or taxes, as per a World Bank report dedicated to Romania. more
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Alpha Bank Posts EUR10.7M Pre-Tax Profit In Romania In Jan-Sept 2019
11.19.2019
Alpha Bank, ranked among the top ten largest banks by assets on the Romanian market, on Tuesday said it registered a pre-tax profit of EUR10.7 million in Romania, in January-September 2019, lower than more
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Erste CEO Says Bank Tax Left Bad Taste on Romanian Political Environment
05.08.2019
Romania's tax on bank assets was reduced considerably, more than expected, but the entire move has left a bad taste on the political environment situation in Romania, said Andreas Treichl, CEO of more
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Romanian Senate Tacitly Adopts Bills Replacing Consumer Loan Reference Index
05.07.2019
The Romanian Senate has adopted tacitly, without debate, a bill approving the government emergency decree that replaces the reference index on consumer loans with variable interest. more
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Fitch Ratings Revises Outlooks On BCR And BRD To Stable On Revised Bank Tax Decree
04.04.2019
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Romanian Government Adopts Changes to Tax Decree
03.29.2019
Romania's government on Friday adopted a new emergency decree amending controversial legislation passed in December 2018 taxing the banking, energy and telecom sectors. more
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Finance Minister: Bank Tax Amendments To Be Published on Friday
03.22.2019
Romanian Finance Minister Eugen Teodorovici announced on Friday that the amended version of the controversial 2018 bank tax decree would be launched into public debate during the day, with the more
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Government May Amend Bank Tax Next Week
03.20.2019
Romania's government may amend the bank tax in its meeting next week, finance minister Eugen Teodorovici said after a meeting with representatives of the Romanian Banking Association. more
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Central Bank Paid EUR1B in Taxes Over Past Decade
03.18.2019
Romania's central bank has paid the equivalent of EUR1 billion in the past ten years to the Romanian state as tax on profit, governor Mugur Isarescu said Monday, adding that “lies spread fast”. more
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ING To Keep Investing And Growing In Romania Despite Bank Tax
03.14.2019
ING Bank, the sixth largest bank in Romania by assets, will continue to invest and grow in Romania despite the government’s introducing a tax on banks' financial assets, said ING Chief Executive more
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Romania's Finance Ministry Amends Bank Tax This Week
03.13.2019
Romania's finance ministry will finish this week a draft of changes to the emergency decree 114/2018 that introduced a tax on bank assets and raised capital requirements for mandatory private pension more
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Bank Tax Prompts Raiffeisen Bank International To Reevaluate Romanian Operations
03.13.2019
Raiffeisen Bank International will reevaluate its operations in Romania following the government's introduction of a tax on banks' financial assets in December 2018, RBI CEO Johann Strobl said in the more
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Central Bank Study Shows Bank Tax Could Wipe Out 1.71 Points of GDP Growth in 2019-2020
03.08.2019
Romania's tax on banks' financial assets could wipe out a total of 1.2 to 1.71 points of the country's economic growth in 2019 and 2020, according to an impact study by the central bank, presented more
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Romanian Finance Ministry Vows to Change Bank Tax
03.04.2019
Romania's finance ministry is working to change a controversial levy on banks' assets, disconnecting it from the level of money market interest rates and exempting certain types of assets from the tax more
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Macro-Prudential Supervision Committee Says It Found Potential Solutions to Amend Tax Decree
02.18.2019
Romania's national committee for macro-prudential supervision announced Monday it has identified solutions and possible scenarios to amend a controversial government decree introducing new taxes on more
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Central Bank Says Disconnecting Bank Tax from Money Market Rates Is Crucial
02.15.2019
Board members of Romania's central bank said it is essential that the country's new tax on banks' financial assets is disconnected from benchmark rates on the interbank money market rates such as the more
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Finance Ministry Official Says Bank Tax on Assets is Quarterly
02.14.2019
Romania's tax on banks' financial assets is to be levied quarterly on the quarterly assets balance, an official at the Ministry of Finance said Thursday. more
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Isarescu Says Bank Tax Is an Attack on Central Bank Independence
02.12.2019
Romanian central bank governor Mugur Isarescu said the tax on bank assets is an attack on the independence of the institution, as it hinders monetary policy. more
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Banks in Romania Paid RON1.2B Tax on Profits in 2018
02.07.2019
The tax on profits commercial banks paid and the transfers from the net revenue of Romania’s central bank reached 1.84 billion lei (EUR388 million) in 2018, up about 80.8% over 2017, the 2019 budget more
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Major Banks Warn Government New Bank Asset Tax Will Trigger Economic Crisis in Romania
01.21.2019
In an unprecedented move, the banks in Romania through their leaders warned the government that Ordinance 114 introducing the bank tax will generate economic crisis in Romania and cause a decline in more
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Finance Ministry Prepares to Deal New Blow to Banks: Non-Tax-Deductible Provisions
01.16.2019
The Finance Ministry has a new measure in store that will impact the banking system: provisions will no longer be tax-deductible unless there is a loan or financial-asset loss. more
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Quarterly Bank Taxation Fears Cause EUR1B Capitalization Drop on Bucharest Stock Exchange
01.15.2019
Companies listed on the Bucharest Stock Exchange lost 4.3 billion lei (almost EUR1 billion) of their capitalization, which dropped to RON139 billion on Monday, as the plummeting banking stocks pushed more
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Romania's Bank Tax Could Lower Interests on Deposits
01.09.2019
The so-called “greed tax” on bank assets will not necessarily affect lending so much as it might prompt bank to cut costs by lowering interest rates on deposits, which are already below the more
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New Taxation Changes Hurt Most Representative Sectors on Bucharest Stock Exchange
01.09.2019
Energy companies and banks, which are among the most traded stocks on the Bucharest Stock Exchange, will pass on to their customers the financial burden introduced by the Emergency Ordinance 118, to more
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Central Bank Governor Says ROBOR Rate Unconnected to Bank Tax
01.08.2019
Romania's central bank governor Mugur Isarescu said Tuesday after the bank's monetary policy meeting the recent drop in interbank interest rates has nothing to do with the tax on bank assets but with more