legislation
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Romania, the country ruled by 95,000 pieces of legislation
The sheer frequency of legislative modifications in Romania, which exasperates both citizens and the business world, does not only stem from the need to change legislation after the revolution of 1989, but also from the ease with which the governments that suc...
Legislation change: 2% of gross income, not gross salary
The Government has decided that the 2% contribution for mandatory pension funds in the first year of pension collections will be calculated as a percentage of gross income, and not of the gr...
New change in recently modified corporate legislation
The position of manager of a trading company will be possible to cumulate with the position of employee of that specific company, in case the person appointed manager will actually perform t...
Minimum share capital to rise to 25,000 euros to comply with EU legislation
More than 11,000 joint stock companies in Romania will have to increase their share capital to at least 25,000 euros by July 1 2006, according to a draft law by the Ministry of Justice in co...
New legislation set to boost Romanian business law market
New legislation set to boost Romanian business law market
Insurance encouraged under new producers' liability legislation
Insurance encouraged under new producers' liability legislation
Private pensions: waiting for the legislation
The beginning of reform in the Romanian pension system has put the business environment on alert: insurance companies voice interest in managing the pension funds to be established at some p...
Fiscal legislation stumbles upon practical issues
Completed at the very last minute, the fiscal legislation in force as of this year and known as the Fiscal Code and the Fiscal Procedure Code is causing the Finance Ministry to be concerned...
CNVM contemplating new capital market legislation
Only one year after the enforcement of the first provisions of the revised capital market legislation, the National Securities Commission (CNVM) is working on a series of amendments to have...