Macroeconomics
FOCUS: Romania’s New Tax Code Takes Effect On January 1
Raising the excise tax on diesel oil and property taxes for companies that failed to reevaluate their buildings over the past years are some of the provisions stated in Romania’s new Tax Cod...
We'll Escape The Crisis When We Choose To Leave It
Journalistically speaking, 2011 has been an extraordinary year. So full of events and also so many systems, markets, taboos, customs, people, entire countries called into question that every...
Moody’s: Continued Fiscal Prudence, GDP Growth May Boost Romania Ratings
Maintaining a prudent fiscal policy in the medium term and evidence of accelerating economic growth may prompt a positive revision of Romania’s sovereign ratings in the future, Moody’s Inves...
State Companies Might Be Again Forced To Transfer 90% Of Profit To State Budget
The Romanian Government wants to force state companies and autonomous departments again to transfer 90% of their profit to the state budget, people close to the matter told MEDIAFAX Thursday...
Romania To Write Off CNH’s Debt To State Budget
Romanian state-run coal mining company Compania Nationala a Huilei (CNH) will transfer its non-viable mines to the national tax authority ANAF in exchange for having its debt to the consolid...
UniCredit: Romanian Central Bank Likely To Miss 2012 Inflation Target
Italy’s UniCredit estimates Romanian annual inflation rate will reach 4.5% in December 2012, outside the central bank’s target range of 2%-4%, because of a negative effect of food prices.
UniCredit: Romania May Draw IMF Money In 2012
Romania is likely to draw funds from its precautionary loan agreement with the International Monetary Fund in 2012 because of scarce capital inflows, while other countries in central and eas...
Orban: EU Fiscal Union Pact Allows States Outside Eurozone To Decide Implementation Date
The fiscal union pact recently agreed upon by EU leaders reads in its current format that states outside the eurozone are free to decide when to apply the agreement’s provisions, Minister fo...
Government Sets 29 Activity Sectors
The Romanian Government on Wednesday set a list of 29 activity sectors for which collective work contracts may be negotiated and signed, said Labor Minister Sulfina Barbu.