UDMR Wants Lower Threshold In 2016 Local Elections
UDMR wants the electoral threshold lowered from 5% to 3% for the 2016 local elections.
Party president Kelemen Hunor said a lower threshold would allow room for new actors in county councils.
Starting 2000, UDMR has been getting lower election scores and risks not making the threshold in 2016. (Evenimentul Zilei)
Eugen Teodorovici And Marius Nica To Be Sworn In As Ministers Monday
Eugen Teodorovici and Marius Nica will be sworn in as finance and EU funds minster Monday morning.
Prime Minister Victor Ponta said Friday the nominations have been accepted by President Klaus Iohannis.
Romania’s previous finance minister Darius Valcov resigned recently amid a corruption investigation. (Romania Libera)
Insolvency Numbers Down 56.88% In January-February
The number of companies that went insolvent in Romania in January and February dropped 56.88% compared to the same period last year, to 1,895 units, according to Trade Registry office data.
The largest number of insolvencies was registered in Bucharest, 411, down 47.91% on the year, followed by Iasi county with 104 (-27.27%), Bihor and Constanta with 98 each. (Adevarul)
IMF: Romania Should Reconsider Tax Cuts
IMF mission chief to Romania Andrea Schaechter said the proposed tax cut level should be carefully considered and a decision based on data for the first two months of the year is premature.
Romania has no room to lower taxes unless it improves tax collections and revenue administration, according to the report approved by the IMF board after consultations with Romanian authorities.
The report notes Romanian has in large part reduced internal and external imbalances but reforms have been slowed due to political uncertainty. At the same time, the country remains vulnerable to external shocks and the repair of balance sheets is not yet complete, the report notes. (Puterea)
2015-2018 Anti-Drug Program Gets RON81M Budget
The national anti-drug program for 2015-2018 has been assigned a budget of RON81 million that will go to the Anti-drug Agency.
An additional RON26 million will be available to finance projects proposed by NGOs, according to a government decision. (Romania Libera)