Macroeconomics
Isarescu: New Tax Code Is Inapplicable, Sending It Back To Parliament Was The Right Thing To Do
Romanian central bank governor Mugur Isarescu on Friday said the new Tax Code is inapplicable due to the impact the planned tax cuts would have on the country’s gross domestic product and sa...
Central Bank Official: A 3% Budget Deficit Is Representative For Crisis Periods
A 3% budget deficit is representative for crisis periods, for "the worst times," according to the Maastricht Treaty, but, in times of economic growth, the budget deficit should be close to z...
Dumitru: Romania Should Not Repeat Past Mistakes Through Tax Code
Romania should not repeat the mistakes of other states or its own mistakes before the financial crisis, thus economic policies decision makers should act prudently, as it is easy to promise...
Ponta: This Year’s First Budget Revision To Be Approved July 28
Romania’s Prime Minister Victor Ponta on Wednesday said the Government will approve this year’s first budget revision next Tuesday, July 28.
Fiscal Council: Average VAT Quota Of 14% As Of Jan 1, 2016 Places Romania Below All CEECs
Romania’s Fiscal Council said the cut in the standard VAT rate from 24% to 19% as of January 1, 2016 actually means a decrease of 8 percentage points, not five points, given that the average...
IMF Technical Mission In Romania As Of July 22
A technical assistance mission of the International Monetary Fund (IMF) will be in Romania starting Wednesday, July 22, at the request of local authorities, people close to the matter told M...
Romania Unemployment Rate Rose Slightly To 4.94% In June
Romania's unemployment rate rose slightly to 4.94% in June from 4.93% in May, data from the country’s employment agency ANOFM showed Tuesday.
The Opportunity To Lower Tax Burden By New Tax Code, A Chance Not To Be Missed- Economists
Entrepreneurs, economists, managers and university professors support the implementation of the new Tax Code and the fiscal relaxation measures, considering it a chance that should not be mi...
Foreign Investors Support Tax Code As Approved By Parliament
The Foreign Investors Council, an association of major foreign investors in Romania, supports the new Tax Code as adopted in Parliament but coupled with budget discipline to avoid macroecono...