BUDGET
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Romania Posts Budget Deficit of 0.49% of GDP in Jan-Sept
Romania's consolidated budget deficit rose to RON3.7 billion in the first nine months, or 0.49% of gross domestic product, from a deficit of 0.41% at the end of August, finance ministry data...
AmCham: VAT Cut, Beneficial For Business Environment, But Problematic For State Budget
Romania is facing problems with collecting taxes and fees, as the share of budget revenues in the GDP stagnated at 30%-31%, on the backdrop of a need to speed up the reformation of the tax a...
Romania Posts Budget Deficit of 0.4% of GDP in January-August
Romania's general consolidated budget posted a deficit of RON3.1 billion in January-August 2016, or 0.4% of gross domestic product, finance ministry data showed.
First Home Program Guarantee Ceiling To Be Raised In September
The budget for the government-backed mortgage lending First Home program will be raised in September and a five-year strategy for the program will be completed in October, so prospective buy...
Government To Adopt Budget Revision On August 10
The Romanian government will adopt the budget revision in the government session on August 10; meanwhile it is opened to public debate on the website of the Finance Ministry, government spok...
Education, Healthcare Sectors To Get Extra Funds At Budget Revision
The budget revision draft stipulates the increase of the general consolidated budget revenue by RON2.92 billion and the increase of the expenses of the general consolidated budget also by RO...
Romania Posts Budget Deficit Of 0.5% Of GDP In January-June
Romania's general consolidated budget posted a deficit of RON3.85 billion in January-June, or 0.5% of the gross domestic product, compared with a budget deficit target of 1.9% for the first...
Lidl Has More Than EUR40M Earmarked For Investments
German-held Lidl has become the third leading retailer in Romania, after having posted more than EUR1 billion sales in 2015. The top two retailers are Kaufland and Carrefour.
PwC: Romania’s Budget Lost EUR8.3B On VAT Deficit In 2015
Romania’s budget loses EUR8.3 billion annually due to the VAT deficit, namely the difference between the VAT to be collected and the sums actually collected, according to a PwC study analyzi...