The Ministry of Regional Development and Tourism (MDRT) has launched an auction for the design and execution of modernization works on 68.6 kilometers of county roads and 1,113.3 kilometers of local roads … [Read more...]
Telecom Market Shrank By 300m Euros Last Year
April 29, 2011 By 1 Comment
Data included in the annual report of France Telecom, the owner of Orange Romania, the biggest telecom operator domestically, shows that in 2010 Romania's mobile telephony operators lost 300m euros in … [Read more...]
Builders Needed For 1,400 Km Of Roads With 436m Euros
April 28, 2011 By Leave a Comment
The Regional Development and Tourism Ministry (MDRT) is putting up for auction the modernization and rehabilitation works for 1,386 km of county and local roads of eight counties: Covasna, Braşov, Caraş … [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...]
Lower VAT On Foodstuffs Raises Questions
March 25, 2011 By Leave a Comment
President Traian Basescu’s request to have the law on lowering the VAT on staple foodstuffs to 5 % re-examined was rejected on Wednesday within the Senate. Basescu pointed out that lowering the VAT on … [Read more...]
Gheorghe Ialomitianu: Romania Cannot Afford To Cut VAT By 2012
March 21, 2011 By Leave a Comment
Finance Minister Gheorghe Ialomitianu declared on TV that discussions about reducing the flat tax are political. Talks with the Monetary Fund only regard a drop in the level of social contributions paid … [Read more...]
Traian Basescu Wants To See Crackdown On Inland Customs Offices Too
March 8, 2011 By Leave a Comment
According to the President Traian Basescu, the core of customs fraud is to be found with local customs offices. He advised that checks should not bypass the Black Sea Port of Constanta either. At the meeting … [Read more...]
NBR Holds Rates
February 4, 2011 By Leave a Comment
Just as expected, the Romanian central bank kept interest rates at 6.25 % on Thursday, after a jump in inflation caused by a rise in value added tax. NBR officials have previously indicated the bank may … [Read more...]
Mihai Tanasescu: VAT Could Drop In Next Years
February 2, 2011 By Leave a Comment
On Monday, the Romanian representative with the International Monetary Fund (IMF), Mihai Tanasescu, stated that the VAT could be lowered in the next two years. For that to happen, certain conditions have … [Read more...]
