Macroeconomics
VAT Cut To Leave Consumers With RON5B Disposable Income If Retailers Cut Prices, Too
In a surprise move, the Romanian government announced a value added tax cut to 9% from 24% as of June 1 not only for staple foods, but also for all agri-food products, non-alcoholic beverage...
Romania To Cut VAT For Food Products In June
Romania will cut starting June the value added tax rate for all food products, including non-alcoholic drinks and restaurant services, prime minister Victor Ponta said Tuesday.
INS Revises Slightly Down Romania’s 2014 GDP Growth to 2.8%
Romania’s statistics institute revised slightly down the economic growth estimate for 2014, despite envisioning a higher increase in the fourth quarter.
Romania's Industrial Sectors Gets Fewer Orders In February
Romania’s industrial sector received fewer orders in February, another sign of slowdown in one of the main engines of last year’s economic growth, data released by the country’s statistics i...
INS: Romania February Industrial Sales Up 2.3% Vs January
Romanian industrial sales rose 2.3% in February compared with the previous month, but were down against the same period of 2014, data released by the statistics institute INS showed Tuesday.
PM: 1Q Revenue Collection Above Expectations, VAT Can Be Lowered This Year
First quarter data show that the collection of state budget revenues exceed the estimated schedule by RON3-3.5 billion, which allows the lowering of the value-added tax this year, Prime Mini...
Average Net Salary In Romania Down 0.5% In February
The average salary in Romania fell 0.5% in February to 1,731 lei (EUR393) from RON1,740 in the previous month, data from the statistics bureau showed Monday.
Retail Sector Recovery Hit Bumps In February
Romania’s retail sector slowed down its recovery in February, after a strong output in the past few months, official data showed Friday.
INS: Romanian Industrial Producer Prices Inch Up 0.2% In February
Romania’s industrial producer price index rose 0.2% in February, after a 0.3% decline in the previous month, the country’s statistics institute INS said Thursday.