GOVERNMENT
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Romania Plans To Keep Reverse Taxation On Cereal Until At Least 2018
Reverse taxation on cereal trade will no longer be limited in time, as the Romanian government has repealed a legislative provision setting the system would expire on May 31, 2014.
Romania To Apply Reserve Taxation On Power Deliveries, Green Certificate Transactions
Romania plans to apply reserve taxation on electricity deliveries to traders and on transactions involving green certificates in a move to fight tax evasion and eliminate cash-related proble...
Romania Increases Welfare Spending By RON60M
Romania’s Government will increase welfare spending by 60 million lei (EUR13.6 million) to pay unemployment aid to an annual average number of 158,000 jobless people, compared to 149,000 for...
Romania Raises GDP Growth Forecast To 1.9% Of GDP
Romania lifted its economic growth forecast for 2013 to 1.9% from 1.6% previously, the minister delegate for Budget Liviu Voinea said Monday.
Romania Ups 2013 Budget Deficit Target To 2.3% Of GDP
Romania will raise the 2013 deficit target to 2.3% of the gross domestic product at this year’s first budget revision due shortly, Prime Minister Victor Ponta said Monday.
PM: Government To Cut VAT On Bread If Breadmakers’ Associations Help It Fight Tax Evasion
Romanian Prime Minister Victor Ponta said the sales tax on bread will be lowered from 24% to 9% only if breadmakers’ associations help the Government in its fight against tax evasion.
Government: CSAT’s Failure To Issue Standpoint On CFR Marfa Sale Contract To Block Privatization
The Romanian high defense body CSAT's failure to issue a standpoint regarding the contract to sell a majority stake in state-owned freight railway carrier CFR Marfa will block privatization...
Government: CFR Marfa Contract To Be Canceled Unless Sale Procedure Finalized In 60 Days
The contract to sell a majority stake in Romania’s state-owned freight railway carrier CFR Marfa will be canceled without any prior formality and without court intervention unless the privat...
Romania To Cover RON100M Financial Corrections For Environment Program From Budget Funds
The Romanian Government decided that financial corrections worth around RON100 million, which were imposed by the European Commission for irregularities in managing the EU-funded operational...