GOVERNMENT
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Romania Eyes 40% Increase In Number Of Active SMEs By 2020 – Draft
The government wants the number of small and medium-sized enterprises (SMEs) active in Romania to increase by over 40% by 2020, to 670,000 firms expected to employ 3.2 million people, compar...
Metrorex’s 2014 Budget Envisages Loss Of Over EUR15M
The Romanian Government on Wednesday approved the 2014 budget of Bucharest subway operator Metrorex, which envisages loss of over 66.5 million lei (EUR15.1 million) this year.
EXCLUSIVE: Romania Seeks Ways To Offset Lower Revenues Due To Planned Social Security Tax Cut
The Romanian Government plans to offset the negative impact on revenue collections to the state budget, calculated at 4.8 billion lei (EUR1.09 billion) for 2015, due to the planned cut in th...
Romania And IMF Fail To Agree On Cutting Social Security Tax As Of July 1-Sources
The Romanian Government and the International Monetary Fund (IMF) have failed to reach an agreement on the lowering of the social security contributions by five percentage points as of July...
Ponta: 2014-2020 EU Funding Programs To Be Available For Private Sector As Of This Fall
Romanian Prime Minister Victor Ponta said Thursday that the Government is close to drafting a new Partnership Agreement with the European Union for 2014-2020 and the EU funding programs for...
Romanian Government Writes Off Debts Of 15 Arms Companies, Citing Geopolitical Context
The Romanian Government has decided to write off tax debts owed by 15 companies in the defense industry that manufacture or sell weapons, ammunition and military equipment, citing the curren...
Ponta Says Loan Restructuring Will Be Optional For Banks And Individuals
Romanian Prime Minister Victor Ponta said Thursday that loan restructuring will be optional for both banks and individuals and the measure will probably be applied starting July 1, 2014.
Convergence Program For 2014-2107: Romania To Hike Wages Of Low-Income Youths
The Romanian Government will apply the law regulating public sector wages so as to increase the salaries of low-income youths, according to the government’s convergence program for 2014-2017...
Government Approves Tax Exemption On Reinvested Profit
Romanian government approved Wednesday the emergency ordinance regarding the tax exemption on reinvested profit for investments in technological equipment carried out between July 1, 2014 an...