LOCAL AUTHORITIES
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Tax Code Draft: Government To Allow Local Authorities To Raise Taxes By Up To 50%
The Romanian government will allow local authorities to raise taxes directly, by up to 50%, every three years, based on inflation rate, according to the new Tax Code Draft.
PM: Local Authorities Received Extra RON1.1B At Budget Revision
Local authorities were assigned an extra RON1.1 billion at this year's second budget revision and the Ministry of Public Administration and Regional Development got and extra RON400 million...
EXCLUSIVE: Local Authorities May Raise Property Taxes For Individuals At Will
Romania and the International Monetary Fund agreed to give local authorities a free hand to increase taxes on property paid by individuals as much as they feel necessary.
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”.
Suceava Authorities To Sell 5-Ha Land For Power Plant Construction
Local authorities in Suceava, northeastern Romania, will sell a five-hectare plot of land, for EUR315,000, to industrial engineering company Adrem Invest which previously leased it in view o...
Local Authorities To Receive State Budget Funds Via New Program
Local authorities in Romania will receive money from the state budget through a new program called the National Program for Local Development, which will be run solely by the Ministry of Reg...
Government Gives Mayors Back RON107M From Funds Taken Away In May
Romania's Government Wednesday decided to give local authorities back 107.5 million lei (EUR23.5 million) of the funds provided by the previous Ungureanu Cabinet for current expenses and wit...
Local Administration’s Debt Doubles In Three Years To EUR3B
From next to zero ten years ago, the debt of the public administration has reached 13.7 billion lei (EUR3 billion), practically doubling in 3-4 years’ time. This deepens the public debt, whi...
Battle Starts Over EUR40B Stake Of Local Administration Spending
The annual spending of the local administration amounts to EUR10 billion, which means EUR40 billion in the four-years term in office of the administration - this is the huge stake of the Jun...