Macroeconomics
Romania To Lower Excise Duties, VAT Before Yearend - Finance Minister
Excise duties and the value added tax will be lowered before the end of the year, and not in 2016, as established in the country’s new Tax Code Draft, to stimulate consumption in November an...
Tax Code Draft: All Income Earners To Pay Social Security And Health Contributions
All income earners will have to pay social security and health insurance contributions and starting 2017, the social security tax rate will be lowered from 10.5% to 7.5%, for employees, and...
Romania To Cut Flat Tax Rate From 16% To 14% In 2019- Tax Code Draft
Romania's government plans to cut the flat tax rate to 14% as of January 2019, from the current 16%, according to the new Tax Code Draft.
Tax Code Draft: Romania To Lower VAT To 20% Next Year, To 9% On Meat, Fish, Fruit And Vegetables
Romania's government plans to lower the value added tax from 24% to 20% as of next year and to 9% on food items such as meat, fish, fruits and vegetables, according to the country's new Tax...
S&P: Romania’s Potential Amendments To Covered Bond Legislation Can Strengthen Investor Protection
The Romanian Government's potential amendments to the country's covered bond legislation, if adopted, could strengthen investor protection in the case of the issuer's insolvency, Standard &...
Capital Economics: Romania’s Economy Seen Growing 3% In 2015
Romania’s economy is expected to grow 3% this year and 3.3% in 2016, driven by strengthening domestic demand, but below the long-term growth potential of 4% estimated by the analysts of Brit...
Romania FDI Down To EUR2.4B In 2014
Romanian foreign direct investment, or FDI, stood at EUR2.43 billion in 2014, down from EUR2.7 billion in the previous year, data from the central bank showed Friday.
BNR: Romania Current Account Deficit Narrows To EUR696M In 2014
Romania's current account balance posted a deficit of 696 million euros in 2014, compared with EUR1.17 billion a year earlier, mainly due to a wider services surplus and a narrower primary i...
Romania’s Construction Output Fell 6.7% in 2014, On Infrastructure Works Decline
Last year was another forgettable year for Romania’s construction industry, which cannot yet overcome the crisis.