Macroeconomics
Romania May Widen Taxable Income; Set New Formula To Compute Excise Duties
Romania’s Government is considering widening taxable income to fill in the revenue-expenses gap in the budget for 2014 and wants to set a new formula to compute excise duties, Minister-deleg...
ZF Conference: Tax Evasion A Form Of Unfair Competition. Improve Collection, Don’t Hike Taxes!
The problem of tax evasion is systemic and has been perpetuated over time, affecting budget revenue collection. It has also affected honest companies, which have to compete against many play...
Romania Falls One Spot In World Bank’s Doing Business 2014 Report
Romania fell one spot and is ranked 73rd in the World Bank’s Doing Business 2014 report, which analyzes the ease of running a business in 189 countries.
Romania Raises 2013 Budget Deficit Target To 2.5% Of GDP
Romania's second budget revision this year will raise the deficit to 2.5% of the gross domestic product, from 2.3% of the GDP as estimated previously, people close to the matter told Mediafa...
Business Outlook: Executives See Growth In Industry, But Decline In Constructions In 4Q
Romanian executives estimate the activity in the construction sector will decline over the October-December period compared with the previous three months, while the manufacturing industry w...
INS: Romania Housing Permits Down 2.3% On Month To 3,746 In September
Romanian housing permits fell 2.3% to 3,746 units in September, from 3,833 units a month earlier, the country’s statistics institute INS said Monday.
Government Cuts Investments To Boost Wages, Pensions And Public Procurement
September completed the picture of a budget execution centered on fulfilling the electoral campaign obligations of the Social-Liberal Union, in total disregard for the dire need for investme...
Private Pension Funds Close To Tipping Market Of Government Bonds In Their Favor
Banks’ supremacy on the market of government bonds is about to end after local clients of government bonds, who include pension funds, as well as foreign clients have boosted their portfolio...
Romania Posts Budget Deficit Of 1.3% Of GDP In January-September
Romania’s consolidated budget posted a deficit of 8.1 billion lei (EUR1.81 billion) in the first nine months of 2013, equal to 1.3% of the gross domestic product, Finance Ministry data showe...