Macroeconomics
Government Reserves Right To Amend Tax Code Via Ordinance
The government has reserved the right to amend the Tax Code not just by law, six months prior to enforcement, but also though ordinances that take effect within 15 days, after Romania's tax...
Government Approves New Tax Code
Romania's government on Wednesday approved the drat Tax Code and Tax Procedural Code, which will be sent to Parliament to be introduced on the agenda early next week.
Romania Mulls VAT Cuts Earlier Than 2016, PM Says
Romania's government will decide in April whether to reduce starting June the standard quota of the value added tax from the current 24% to 20%, or the tax for basic food products from 24% t...
INS: Romania Unemployment Rate Up To 6.7% In 4Q 2014
Romania's unemployment rate rose to 6.7% in the fourth quarter of 2014, from 6.5% in the third quarter, the statistics institute INS said Tuesday.
Romania Private Lending Extends Decline In February
Romanian private lending continued its downward trend in February, after a 0.7% monthly decline in January, central bank data showed Tuesday.
BCR Ups View On Romania’s GDP Growth To 2.8% in 2015
BCR has revised upwards its growth forecast for Romania’s gross domestic product to 2.8% in 2015, and 3% next year, supported by domestic consumption amid a low inflation environment.
ZEW: Romania 6-Month Economic Outlook Improves In March
Romania ranks second in Central and Eastern Europe by experts' expectations on a six-month time horizon, as Economic Sentiment Indicator rose 4.1 points to 54.2 points in March, and was outr...
Romania Raises Foreign Debt Issuance Ceiling To EUR18B
Romania’s government increased the cap of foreign bond issuance from 15 billion euros to EUR18 billion to cover its gross financing needs for 2015 and 2016.
Foreign Tourists Spent EUR1.1B In Romania In 2014
Foreign tourists spent 5.09 billion lei (EUR1.15 billion) in Romania last year, up 6.2% from RON4.79 billion in 2013, according to data released by the country’s statistics institute Tuesday...