Romania Posts Budget Deficit Of 0.5% Of GDP In January-June
Romania’s budget deficit doubled to 0.5% of the gross domestic product in January-June, while revenues rose 2.9% on the year in nominal terms and expenses dropped by 0.3%, the Finance Ministry said.
At the end of June, revenues totaled RON100.4 billion (15.2% of GDP), while expenses reached RON103.9 billion (15.7% of GDP), resulting in a deficit of RON3.5 billion.
Romania’s targets a deficit of 2.2% of GDP under a stand-by loan agreement with the International Monetary Fund, the World Bank, and the European Commission. (Evenimentul Zilei)
Meat Consumption Down 25% In The Last Five Years In Romania
Romania’s meat and cold cuts consumption fell by approximately 25% in the last five years due to the lower purchasing power, and followed a downward trend in the first half of 2014 as well, Ovidiu Dusleag, vice-president of Romanian Meat Association (ARC), stated.
Duseag added that cold cuts market fell by 20%-25% in the last five years and this year’s estimations also show a 1%-2% decrease.
EU’s annual average meat consumption per capita is at approximately 85 kilograms, while in Romania, it is at least 25% lower.
Romanian consumers prefer pork and pork products, but turkey meat consumption has recently increased. (Jurnalul National)
Individuals Owning More Properties Will No Longer Pay Supplementary Taxes
Individuals owning several properties besides the legal residence home will no longer pay supplementary taxes as of next year, according to the new Fiscal Code.
Currently, individuals owning two or more properties pay a 65% higher tax for the first building besides the legal residence, a 150% higher tax for the second property and a 300% higher tax for the third and the following properties.
According to the latest version of the Fiscal Code, obtained by MEDIAFAX, the supplementary taxation will be eliminated, as it was considered unfair. (Puterea)
PNL, PDL Complete Fusion Between Parties
The representatives of the Social Democratic Party (PDL) and the National Liberal Party (PNL) approved Saturday the protocol for the fusion between the two parties.
According to the fusion protocol, the new party will be named PNL. The candidate for President will be designated from one party while the candidate for Prime Minister will come from the other party. (Romania Libera)
Fourteen Persons Caught With Drugs In Seaside Resorts
Fourteen persons aged between 18 and 35 were caught by police carrying drugs on the Black Sea coast, in Mamaia and Saturn seaside resorts.
Friday evening, police officers caught 6 persons with cannabis and ecstasy in Mamaia resort, while Saturday night, another 8 persons were discovered with drugs in Mamaia and Saturn resorts.
The 14 persons will be charged with possessing drugs for personal use. (Puterea)