Central Bank Official Says Switch To Progressive Taxation Will Force Romania’s Economy To Become Competitive
The switch to progressive taxation will force Romania’s economy to become competitive through quality and customization of its products and services, even if, in a first stage, it will lose some of its competitiveness, said Romania’s central bank chief economist Valentin Lazea.
According to Lazea, this method of taxation has been successful in Romania, between 2001 and 2004, when the economy was preparing for the EU accession and when one could talk about “significant structural reforms”. (romanialibera.ro)
Code Yellow For Strong Wind In Nine Counties
Meteorologists issued Monday morning a code yellow alert forecasting strong wind in nine counties.
The county of Sibiu is under code yellow for strong wind until 9 a.m. and, at altitudes of over 1700 meters, wind gusts will reach and exceed 70-90 km/hour.
The counties of Buzau, Prahova, Arges, Dambovita, Caras-Severin and Hunedoara are under code yellow alert for wind until 11.30 a.m., and wind gusts are expected to reach and exceed 70 – 90 km/hour.(cotidianul.ro)
Mihnea Nastase, Son Of Former PM Adrian Nastase, Joins Social Democratic Party
Mihnea Nastase, the son of former Prime Minister Adrian Nastase, said Sunday, at the congress of the Social Democratic Youth (TSD), that he had joined the Social Democratic Party (PSD).
Mihnea Nastase became a member of the Bucharest district one branch of TSD.
He also said he is no longer adviser to MEP Catalin Ivan. (cotidianul.ro)
Posta Romana Plans To Introduce ATMs In Postal Offices In Urban Areas
Romania’s state-owned postal operator Posta Romana said Friday in a statement that it will be renting out spaces for the installation of automated teller machines (ATMs) in postal offices in urban areas.
The company sent out invitations to banks operating in Romania and the collaboration terms are to be established based on subsequent negotiations, the statement reads.
Posta Romana is a national company established under Law no. 31/1990, and is not a public institution. Posta Romana is 75% owned by the state through the ministry for information society and 25% by investment fund Fondul Proprietatea.(puterea.ro)