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GOVERNMENT

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Romanian Government Adopts Decree Reducing VAT for Organic, Traditional Foods
Retail&Consumer

Romanian Government Adopts Decree Reducing VAT for Organic, Traditional Foods

The Romanian government adopted on Tuesday an emergency decree which reduces the value-added tax rate from 9% to 5% for organic, traditional, and mountain-area food products.

Oana Gavrila · 15.05.2019 · 10:06 · 1 min
Romania Approves Memorandum For $2.5M Loan To Fund Justice Quarters Realty Project
Social/Politics

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...

Ecaterina Craciun · 24.04.2019 · 19:44 · 1 min
Eurostat: Romania Posts Highest Government Debt-To-GDP Ratio In EU, In 4Q/2018
Macroeconomics

Eurostat: Romania Posts Highest Government Debt-To-GDP Ratio In EU, In 4Q/2018

Romania’s government debt reached 0.8% of the gross domestic product in the fourth quarter of 2018, compared with the third quarter of 2018, being the country with the biggest increase in go...

Ecaterina Craciun · 24.04.2019 · 17:53 · 1 min
Black Sea Oil & Gas Gets Approval To Develop Ana And Doina Natural Gas Fields
Companies

Black Sea Oil & Gas Gets Approval To Develop Ana And Doina Natural Gas Fields

Romania-based Black Sea Oil & Gas (BSOG) and its co-venture partners, Petro Ventures Resources SRL and Gas Plus International, have received the approval of the Romanian Government, through...

Ecaterina Craciun · 15.04.2019 · 18:38 · 2 min
Romanian Government to Adopt Changes to Tax Decree Friday
Social/Politics

Romanian Government to Adopt Changes to Tax Decree Friday

Romania's government on Friday is set to adopt an emergency decree amending controversial legislation passed in December 2018 taxing the banking, energy and telecom sectors.

Oana Gavrila · 29.03.2019 · 09:26 · 1 min
Romania Allots RON52M For Closure Of Uncompetitive Coal Mines
Social/Politics

Romania Allots RON52M For Closure Of Uncompetitive Coal Mines

The Romanian Government has assigned over RON52.765 million, as state aid, to facilitate the closure of uncompetitive coal mines Petrila, Paroseni and Uricani within coal mining company Comp...

Ecaterina Craciun · 27.03.2019 · 20:55 · 1 min
Government Passes Budget Caps Decree
Social/Politics

Government Passes Budget Caps Decree

Romania’s Government passed on Tuesday an emergency decree which sets caps for specific fiscal-budget indicators used in the 2019 state budget bill after a similar Parliament bill was reject...

Oana Gavrila · 13.03.2019 · 08:43 · 1 min
President Rejects Proposals For New Transports, Development Ministers
Social/Politics

President Rejects Proposals For New Transports, Development Ministers

Romanian President Klaus Iohannis announced on Friday that he will reject proposals made by Prime Minister Viorica Dancila for new transports and regional development ministers, continuing t...

Oana Gavrila · 04.01.2019 · 13:34 · 1 min
Government Adopts Decree Setting Legal Framework For Establishing Sovereign Funds
Capital Market

Government Adopts Decree Setting Legal Framework For Establishing Sovereign Funds

Romania's Government on Thursday adopted an emergency decree setting the general legal framework for the establishment of sovereign investment funds, finance minister Eugen Teodorovici said...

Oana Gavrila · 15.11.2018 · 17:12 · 1 min