Romania January-July Budget Deficit Narrows To 0.2% Of GDP
Romania’s consolidated budget posted a deficit of RON4.5 billion in the first seven months of 2014, equal to 0.2% of the gross domestic product, compared with 0.5% of the GDP at the end of June, Finance Ministry data showed.
Romania targets a budget deficit of 2.2% of GDP in 2014.
Total revenue to the consolidated budget rose 4.1% on the year to RON120.9 billion at the end of July, while overall expenditure declined 0.2% in nominal terms to RON121.9 billion. (Adevarul)
Romania Insolvency Numbers Down 13.4% In January-July
The number of companies that went insolvent in January-July this year was 13.37% lower than in the same period of 2013, the Trade Registry office said Monday.
In the first seven months of the year, 15,124 companies went insolvent, compared to 17,458 in the same period the year before. Of these, 2,093 went insolvent in July, 2,000 in June, 2,149 in May, 2,089 in April, 2,115 in March, 2,631 in February, and 2,054 in January. (Curierul National)
PM Victor Ponta: Liberal Reforming Party Might Get Minister Positions
Prime Minister Victor Ponta stated he does not exclude the possibility that the Liberal Reforming Party (PLR), led by Calin Popescu Tariceanu, should get positions of ministers or state secretaries.
“We have not discussed the issue, but I do not exclude this possibility,“ Ponta stated.
According to sources, the Conservative Party and the Liberal Reforming Party are having talks related to a collaboration protocol at parliamentary level. (Adevarul)
Senators Vote Draft Law On Social Security Tax Cut
Senators voted Monday the draft law on social security tax (CAS) cut by 5% in the version sent to promulgation, thus rejecting the reexamination request of President Traian Basescu.
The draft law was adopted with 96 pros, 1 con and 2 abstentions, while the reexamination request was rejected. (Gandul)
Businessman George Copos Gets Final Prison Sentence
Romanian businessman George Copos, the former owner of Rapid football club, was sentenced to four years in prison in tax evasion file “Loteria I”. The court’s decision is final.
Copos, who is also owner of several hotels in Romania, was sentenced to 4 years in prison for tax evasion exceeding EUR1 million after he sold property to the national lottery at inflated prices and failed to declare tax. (Curierul National)