BUDGET
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Fiscal Council: Romania Government Needs To Find Additional Resources For 2015
Romania’s government needs to show the International Monetary Fund the resources to cover a budget revenue gap of 15 to 17 billion lei (3.4-3.8 billion euros) next year, according to Ionut D...
IMF Team To Arrive In Romania Early December For 2015 Budget Talks
A joint delegation of the International Monetary Fund and the European Commission will visit Romania at the start of December to discuss with the local authorities the draft of the country’s...
Business Sector: Come Up With A Budget And Keep The 5% Social Security Tax Cut In 2015
Romania has elected a new president, Klaus Iohannis, but has the same government led by Prime Minister Victor Ponta, and no budget for next year. A budget, which, regardless of how it is dev...
Romania’s Budget Turns To Surplus After First 9 Months
Romania’s government budget turned to surplus at the end of September, as spending took a dive in the first nine months, mainly due to lower allocations for public investments.
First Home Program Gets Additional Funding Of RON400M
The guarantee budget for the government-backed mortgage lending First Home program has been raised by an additional RON400 million.
CFR Marfa 2014 Revised Budget Keeps Revenue At RON1.117B, Cuts Pretax Profit By Some RON60M
The revised budget of revenue and expenses for 2014 of Romanian freight railway carrier CFR Marfa envisages revenue of RON1.117 billion and expenses of RON1.093 billion, higher by RON58 mill...
Romania Tax Revenues Slightly Above Plan After 9 Months
The Romanian tax authority ANAF collected revenues of 135.98 billion lei (EUR30.8 billion) in the first nine months, 0.5% above the planned amount, the institution said in a news release Fri...
VAT Cut On Meat A Priority, Future Government To Decide - Minister
A lower sales tax in the meat industry is a priority, after Romania lowered the VAT rate on beard to 9% from 24%, but the decision will belong to the future cabinet, after the presidential e...
Funds Left Unused By National Housing Agency To Be Reassigned Within First Home Program
Romania's government will redistribute funding left unused from the RON500 million guarantee budget for housing built by the National Housing Agency (ANL) under the "First Home" mortgage len...