FINANCE MINISTRY
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Difficult Mission for Finance Ministry at Yearend: Funding the Deficit
Raising the budget deficit from 2.8% to 4.3% of GDP, which the Finance Ministry proposed to be able to close 2019 books, was easy on paper. Now it has to find the money to fund this deficit...
Investment Projects Worth RON3B Under Construction In 16 Romanian Counties
Twenty-eight investment projects, worth a total RON3 billion and creating 4,500 new jobs, got the green light to receive state aid between November 2018 and April 2019, as per a document rel...
Romania Approved RON1.1B State Aid For 28 Investment Projects Between Sept 2018 And April 2019
The Finance Ministry approved financing agreements for 28 investment projects, between September 2018 and April 2019, through a state aid scheme worth a total RON1.1 billion, which will gene...
Romania Approves Memorandum For $2.5M Loan To Fund Justice Quarters Realty Project
The Romanian Government on Wednesday approved a memorandum of the Finance Ministry for receiving a downpayment of $2.5 million from the International Bank for Reconstruction and Development...
Finance Ministry Official Says Bank Tax on Assets is Quarterly
Romania's tax on banks' financial assets is to be levied quarterly on the quarterly assets balance, an official at the Ministry of Finance said Thursday.
Tax or Depreciation? Leu/Euro Exchange Rate Casualty of War Between Banks and Finance Ministry
The business sector in Romania is tensely waiting to see how the leu/euro exchange rate will go, after an exchange of harsh messages between the Finance Ministry and Romania’s central bank a...
Romanians May Buy Two-Year Household Bonds at 4.5% Interest Starting Nov 26
Romania's finance ministry has launched a new household bond issue to mark the country's centennial and Romanians may buy two-year bonds at an annual interest rate of 4.5% in the period Nove...
Romanian Govt Expects RON6B in VAT Collections In 3 Years With Split VAT
Romania expects to get RON6 billion in VAT collections in the period 2018-2020, or RON2 billion a year, if it requires separate VAT payment accounts for companies as of January 1, 2018, fina...
Romanian Lottery Goes Under Authority Of Finance Ministry
The Romanian Lottery Company was transferred from the authority of the Economy Ministry to that of the Finance Ministry, based on emergency ordinance no. 1 of January 5, 2017.