RASDAQ Market close-down - Draft Regulation
On 12 November 2014, the “ASF” published a draft Regulation for implementing Law no. 151/2014 on the clarification of the legal status of companies whose shares are traded on the RASDAQ market.
Legislative changes to MTPL insurance
Norm no. 23/2014 on the compulsory motor third party liability insurance for damages resulting from road accidents (“MTPL”), issued by the "ASF”, was published.
RASDAQ market dismantling
On 30 September 2014 the Romanian Parliament passed a Law clarifying the legal status of shares traded on the RASDAQ Market or on unlisted securities market.
Indirect Tax Newsflash
Please find below a summary of the most recent European Court of Justice (ECJ) VAT decision.
KPMG in Romania appoints six new directors
KPMG in Romania is pleased to announce the appointment of six new Directors with effect from 1 October 2014. The appointments reflect the continued growth in KPMG in Romania’s business and our firm’s confidence in the future of the country.