Romania May Introduce Progressive Income Tax Rate As Of 2016
The Romanian government is considering discarding the 16% flat tax rate, starting 2016, and introducing progressive income tax rate of 15%, 25% and 35%, respectively, as per a document drawn up by the Finance Ministry and the minister delegate for Budget, and obtained by Mediafax.
“A progressive tax rate represents one of the safer solutions discussed with officials of the International Monetary Fund and the European Commission as regards filling the revenue gap at the state budget forecasted for 2015, but the tax authority ANAF is not yet ready to overcome technical obstacles and introduce the graduated tax rate immediately,” people close to the talks told MEDIAFAX, confirming data included in the document. (Adevarul)
Brent Crude Extends Drop Below $80
Brent crude extended losses below $80 a barrel, dropping to a four-year low, triggered by signs that OPEC remains unwilling to reduce output to ease a supply glut, according to Bloomberg, cited by Mediafax.
“Saudi Arabia is committed to a stable market and speculation of a price war within the Organization of Petroleum Exporting Countries “has no basis in reality,” Saudi Arabia Oil Minister Ali Al-Naimi said Wednesday.
WTI for December delivery was $1 lower at $76.18 a barrel in electronic trading on the New York Mercantile Exchange. The volume of all futures traded was about 66 percent above the 100-day average for the time of day, while oil prices have fallen 23% this year. (Romania Libera)
WHO Representative To Romania Hopes Ebola Would Be Under Control In Maximum 8 Months
The representative of World Health Organization (WHO) to Romania, Victor Olsavszky, stated Thursday at the National Conference of Microbiology and Epidemiology that he hopes Ebola epidemics would be under control in 6 to 8 months, through international cooperation.
According to Olsavszky, 14,098 have been infected and 5,160 have died so far from the disease, Mediafax reports. WHO representative added that the number of infections and deaths from Ebola seems to be on a downward trend compared with the previous weeks. (Adevarul)
Agriculture Seen As Bigger Contributor To GDP In 2014
Agriculture will have a bigger contribution to Romania’s gross domestic product and economic growth in 2014 as farming production this year is higher, while agri-food trade posted a record growth in the third quarter.
“On Friday, we are expecting the statistic data for the third quarter and I’m convinced it will show that Romania is no longer in technical recession and we have significant economic growth; I’m looking forward to seeing the contribution of the agriculture,” Agriculture Minister Daniel Constantin stated.
The minister added that, this year, Romania will be again on the top two positions in the European Union as regards maize and sunflower seeds production. (Puterea)
Romanian Tourism Fair Takes Place Between November 13-16 At Romexpo
Visitors of Romanian Tourism fair in the capital city, Bucharest, can choose between diversified offers, from popular destinations, such as Bulgaria, Turkey, Greece to Romanian zones, like Predeal, Maramures and Ardeal, between November 13 and 16 at Romexpo.
Although winter holiday offers are a priority for visitors, travel agencies also came up with summer holiday packs at 40% lower prices for destinations such as Greece, Romanian seaside coast, Bulgaria and Spain, according to travel agencies representatives. (Puterea)