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Romania, Second In Region By Lowest Social Security Costs After CAS Cut
The social security tax (CAS) cut by 5 percentage points, to 15.8%, would place Romania second in the region in terms of the lowest social security costs, after Slovakia, with 14%, and befor...
Major Electricity Consumers To Save EUR40M If Romania Enforces Green Power Subsidy Cut
The major electricity consumers could save about EUR40 million in 2014 if the government adopts a decision to cut the green power subsidies paid by energy intensive industrial companies.
EXCLUSIVE: Romania Won’t Cut Social Security Tax Rates Without Widening Taxable Income First
Romania’s government has pledged to lower social security contribution rates in the second half of 2014 without bearing down on the state budget, and widen taxable income, according to the c...
Forests Cover Less Than 30% Of Romania
The forest area in Romania stands at about 6.6 million hectares, covering 27% of the country. This puts it on the 13th place in Europe by volume and 26th as percentage of land area, accordin...
Foreign Banks Cut EUR8B From Lines Of Credit Since Pre-Crisis Peak
The foreign funding of banks in Romania dropped to nearly EUR19 billion in August, which translates into a EUR2.6 billion decline in the past year and a EUR4.6 billion decline in the past tw...
Ostahie: Central Bank’s Key Rate Cut Was Good, As It Revived Consumer Lending
The Romanian central bank’s recent cut in its monetary policy rate triggered an increase in loan-based sales of electronics and IT products, one of the sectors that has been affected by the...
Retailers Say VAT Cut For Basic Food Will Reduce Shelf Prices
The recent Government decision to cut the value added tax VAT for the basic food products to 9% as of 2013 will trigger lower shelf prices by the same percent, according to the Association o...
Romanian Employers Say VAT Cut For Basic Foods Will Reduce Prices By 15%
The recent Government decision to cut the value added tax VAT for the basic food products to 9% as of 2013 will trigger a 15% price decrease for these products and a significant reduction of...
Romania’s CNH To Cut Wages Of Top, Middle Management By 30%
Managers and chief engineers with Romanian state-owned coal mining company CNH will have their wages cut by 30% come February 1, the company and its union decided Saturday.