Macroeconomics
INS: Romanian December PPI -0.2% On Month, +4.9% On Year
Romania’s industrial producer price index fell for a second consecutive month in December, but were up 4.9% compared with the same month of 2011, the country’s statistics institute INS said...
Romania Forex Reserves Rise To EUR31.46B In January
Romanian foreign exchange reserves rose to EUR31.46 billion in January, from EUR31.2 billion a month earlier, central bank data showed Friday.
Retail Sales Rose 3.3% In Romania Last Year
Romanian adjusted retail sales rose 3.3% in 2012 compared with the previous year, on higher sales across the board, the statistics institute INS said Friday.
INS: Tourist Arrivals Up 9.3% In 2012
Tourist arrivals in Romania rose 9.3% in 2012 from a year earlier, while overnight accommodations were up 6.6%, the statistics institute INS said Friday.
PwC: Romania Should Simplify VAT System, Give Firms Right Of Choice
The Romanian Government should simplify the value added system or give the taxpayer the right to choose an enforcement method and settle a sole tax on companies’ revenue, including the profi...
PwC: Romania Tax Collection Rate Well Below Other EU Countries
Tax collection level in Romania is well below the numbers seen in other European Union and a higher collection rate, of around 90%, would help improve the fiscal environment, consultancy and...
Why Romania’s Treasury Doesn’t Borrow From Households
After four years of crisis marked by several occasions when it was at the banks’ mercy, the Finance Ministry continues to say “no” to gathering funds from the population, which could be a so...
Local Authorities Must Cut Arrears By 85% In Two Months - Draft
Romanian local governments that register arrears at the end of January 2013 will be obliged to reduce them by at least 85% in two months, otherwise the state treasury will limit payments fro...
Government To Make Sure City Halls With Arrears Will Raise Local Taxes By 16%
Romania’s Government will make sure city halls that register arrears will increase local taxes by 16% to avoid amassing new debts, reads the country’s latest letter of intent to a loan agree...