Environment Minister Laszlo Borbely said Wednesday, at the end of the Cabinet meeting that Romania’s Government will supplement the budget for the country’s cash for clunkers program by 60,000 scrapping … [Read more...]
Romanian Budget Grows In April 2011
May 26, 2011 By Leave a Comment
According to the Finance Ministry, in April, Romania’s consolidated budget posted a surplus of 829 million lei (EUR200.1 million). Meanwhile, the budget deficit for the first four months of 2011 narrowed … [Read more...]
Traian Basescu: Romania Cannot Afford Social Security Taxes To Go Lower
May 20, 2011 By Leave a Comment
The Romanian President Traian Basescu declared on Thursday that the economy cannot afford lower social security contributions. That is until tax collections improve. The president spoke at a seminar organized … [Read more...]
Draft Law: Self-Employed Romanians Are Allowed To Hire Other People As Workers
May 15, 2011 By Leave a Comment
According to a draft government emergency ordinance, self-employed Romanians will be allowed to hire other people for their activity, with employment contracts. The draft ordinance removes the current … [Read more...]
EximBank Activity Rose 40% On behalf Of The State In 2010
May 4, 2011 By Leave a Comment
In 2010, EximBank’s activity on behalf of the state rose by nearly 40 %, comparing to the end of 2009. Also, the total volume of contracts (loans, guarantees and insurance) is about four times larger … [Read more...]
Eurostat Is Reservations About Romania’s Declared Public Debt And Budget Deficit
April 28, 2011 By Leave a Comment
The European Institute of Statistics (Eurostat) declared it has reservations regarding the declared public budget deficit and governmental debts that Romania has officially announced. Specialists suspect … [Read more...]
Prime Minister: Foodstuff VAT Cut To 5% Will Not Determine Drop In Prices
March 30, 2011 By Leave a Comment
According to Prime Minister Emil Boc, the draft law reducing the VAT to 5% in basic foodstuff is not covered by the budget. Also, specialists consulted by the government believe its application would not … [Read more...]
2010 BNR Profit Three Times Lower Than 2009
February 11, 2011 By Leave a Comment
For 2010, the National Bank of Romania reported only a 330 million Euro profit. That is three times lower than the profit from a year before. According to sources, if the losses covered in 2009 for the … [Read more...]
PM Emil Boc: New Romania-IMF Deal Keeps Taxes Unchanged
February 8, 2011 By Leave a Comment
Prime Minister Emil Boc said on Monday that the follow-up deal between Romania and the International Monetary Fund will keep most taxes unchanged. At the same time, arrears will be eliminated gradually. By … [Read more...]
Two More Stores in Bucharest From Paul Bakery Chain
February 1, 2011 By Leave a Comment
For 2011, French bakery chain Paul is planning to open two new stores in Bucharest. The company has allotted a budget of EUR 800,000 for the new openings. The bakery chain is looking at both shopping center … [Read more...]
