September 19, 2018

Romanian government presents program

According to the USL governing program, published by the government on Thursday, the newly designated government of Romania, formed of the Social Liberal Union (USL) alliance and led by Victor Ponta, eyes an average annual economic growth of 3% for 2013-2016 and maintaining an ESA-system budget deficit of under 3% until 2016. It eyes reaching a structural budget deficit of 0.7% of GDP in 2014 and keeping it at that level in 2015 and 2016, but also reaching a “lower VAT level for basic food products within the limits of fiscal necessities” on the average term. On fiscal policies, the government says it plans to provide transparency for public funds, to simplify the tax system, to return to a 19% VAT and introduce progressive taxation.

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Although fwa didn’t compel this interpretation, generally courts endorsed that the fwa requires interception to happen contemporaneously with transmission of the information/data

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