GOVERNMENT
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EXCLUSIVE: Companies Understating Revenues To Pay 10-25% Penalties
Companies that understate their revenues to the tax authority will be forced to pay penalties of 10% to 25% of the unstated difference, according to a plan part of a set of measures fighting...
Government Approves Memorandum With Rompetrol
The Romanian Government has approved in its Wednesday meeting the memorandum of understanding (MoU) with oil group Rompetrol, people close to the matter said.
Comarnic-Brasov Highway To Cost EUR1.8B, Seen Completed In 2017
Construction on Romania’s 53-kilometer Comarnic-Brasov highway is set to start late April and to be completed in 2017 for an estimated EUR1.8 billion, Prime Minster Victor Ponta said Thursda...
Government To Consider Cutting VAT On Other Foods After July 1, 2014
The government will look into lowering the sales tax on food products other than bread only after July 2014, Romanian Prime Minister Victor Ponta said Monday.
Government Approves Biofuel Incentives For Oil Companies – Sources
The Romanian Government Wednesday approved the decision granting biofuel incentives to companies in the oil sector, people close to the matter told MEDIAFAX.
Romania Plans To Raise Fuel Excises Only On Gasoline
Romanian Prime Minister Victor Ponta Monday said the Government plans to raise fuel excises by EUR0.07/liter only on gasoline, starting January 1, 2014.
Romanian Government Seeks To Entice Oil Companies Not To Hike Fuel Prices After Excise Rise
Romania’s government is trying to persuade oil companies not to hike fuel prices after an increase in fuel excises planned for next year, and offers to delay increases of the share of biofue...
Government OKs Bill Setting Retirement Age For Women At 65 Starting 2035
Romania’s Government Wednesday approved a bill whereby women born after December 1970 may retire at the age of 65, similar to men.
Romania’s Government Fully Aware Of Low VAT Collection, Inability To Fight Tax Evasion
Romania expects VAT collection to rise by just 3.4% in 2014, up to RON54.6 billion, while total budget revenues are expected to go up by nearly 5% to RON216.8 billion. These forecasts, inclu...