Romanians To Enjoy 12 Days Off In 2014
Employees in Romania will have 12 days off in 2014, as stipulated in the country’s Labor Code.
Some of the 12 days off are public holidays, but only nine of them will fall during the week.
Workers in Romania might enjoy another three days off if lawmakers give their approval. (Adevarul)
Romania’s New Tax Code Brings A Series Of Changes In 2014
Romania’s new Tax Code brings a series of changes regarding the tax on profit and income, the value added tax, excise duties, royalties, as well as a new tax on special building structures.
All changes will be valid starting January 1, 2014. (Gandul)
IMF Mission To Visit Romania In January, For Review Of EUR2B Loan
A mission of the International Monetary Fund will visit Romania in January to discuss measures to increase budget revenue, following the delay of a planned tax increase, the fund said in a statement Monday.
At the beginning of December, Romanian President Traian Basescu threatened to send back to Parliament the 2014 budget bill as he disagreed with the planned increase, by 0.07 euros per liter, of the fuel excise duty. Last week, however, Prime Minister Victor Ponta agreed to put off the tax increase for three months, and Basescu signed the budget bill into law.
“The signing of the 2014 budget by President Traian Basescu is a welcome step,” the IMF said in a statement signed by Guillermo Tolosa, the Resident Representative of the fund in Romania and Bulgaria.
“An IMF mission is planned to visit Bucharest in January.” (Curentul)
PM: Romania’s Cohesion Fund Absorption Rate At 29.8% In 2013
Prime Minister Victor Ponta said Romania’s cohesion fund absorption rate has reached 29.8% in 2013.
He also said the Agriculture Ministry has managed to attract EU funds worth EUR2.7 billion this year, which translates into an absorption rate of 67%. (Adevarul)
Government Grants Additional RON15M To Mayoralties
Romania’s Regional Development and Public Administration Ministry has received an additional RON15 million from the budget reserve fund which will be granted to mayoralties to pay overdue debts.
Mayoralties have received more than RON200 million from the government over the past few weeks. (Adevarul)
Romania Grants EUR20M For Modernization Of Schools, Kindergartens In Moldova
Romania’s Prime Minister Victor Ponta Monday signed a government decision granting EUR20 million for the modernization of schools and kindergartens in the Republic of Moldova.
Romania has 20,121,641 inhabitants, according to the latest official data, which means the government gives Moldova one euro from each Romanian citizen. (Gandul)