GOVERNMENT
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EXCLUSIVE: Romania To Restructure CFR Marfa “Aggressively”
Romania’s government and the International Monetary Fund have decided state-run freight railway operator CFR Marfa will be reorganized “aggressively” by cutting staff costs, scrapping old ra...
EXCLUSIVE: Romania To Lease Or Close Some 1,600 Km Of Railway Lines In 2013, 2014
Romania’s government will decide by the end of the year whether it will lease or close 1,600 kilometers of railway lines in 2013 and 2014, aiming to save some 70 million lei (EUR15.7 million...
EXCLUSIVE: Romania Personal Insolvency Law Delayed Again
Romania’s government has once again committed to refrain from adopting a long-delayed law on personal bankruptcy, arguing the measure would impair credit discipline, according to the country...
EXCLUSIVE: Romania To Collect Extra RON5B In 2014 Following Tax System Changes
Tax revenues in Romania will increase by 5 billion lei (EUR1.12 billion) next year following tax system changes, which include widening taxable income and the health insurance contribution b...
EXCLUSIVE: Romania To Get RON344M In Revenue From Minimum Wage Raise
Romania will get additional state budget revenue of RON344 million (EUR77.2 million) from raising the minimum wage, according to an official government document obtained by MEDIAFAX.
Romanian Public Sector Wages To Remain Unchanged Except For Novice Teachers
Romania’s government will keep gross wages in the public sector unchanged in 2014 and only novice teachers will get a raise of up to 10%.
Romania To Change VAT Collection System To Satisfy EU Requirements
The application of a system whereby Romanian firms must pay value added tax upon cashing in invoices will become optional and the government will eliminate regulations obliging firms to pay...
EXCLUSIVE: Government Allots More Money To Local Budgets In 2014
Romania’s government will allot more money from VAT collections to local authorities next year and will oblige them to complete EU-funded projects first, according to the draft budget for 20...
EXCLUSIVE: Government To Allow Local Authorities To Raise Taxes For Individuals By More Than 20%
The government will allow for local taxes for individuals to be raised by more than 20%, citing local authorities’ “financial difficulties”.