Social/Politics
IMF: Romania Has No Room For Tax Cuts Unless Collection Is Improved
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 authorit...
Antibiotice To Pay Half Of 2014 Profit As Dividends
Romanian pharmaceutical producer Antibiotice Iasi (ATB.RO) plans to pay dividends of 15.74 million lei (EUR3.5 million), about half of last year’s net profit, according to documents prepared...
Carlyle Group Buys Sterling Resources’ Romanian Oil&Gas Operations For $42.5M
Private equity behemoth Carlyle Group will buy Sterling Resources’ Black Sea oil exploration business for a cash consideration of $42.5 million, the two companies said Thursday.
Transelectrica Expects "Investment Boom" In 2017-2018
Romanian state-owned power grid operator Transelectrica (TEL.RO) started earlier a few investment projects announced for 2016 and 2017 as it expects an “investment boom” in 2017-2018, the co...
Transelectrica To Pay RON205.5M Dividends For 2014, Up 25.8% On Year
Romanian state-owned power grid operator Transelectrica (TEL.RO) proposes dividends of RON205.5 million (EUR46.7 million) this year, representing 75% of the last year’s accounting profit lef...
Government Reserves Right To Amend Tax Code Via Ordinance
The government has reserved the right to amend the Tax Code not just by law, six months prior to enforcement, but also though ordinances that take effect within 15 days, after Romania's tax...
Government Approves New Tax Code
Romania's government on Wednesday approved the drat Tax Code and Tax Procedural Code, which will be sent to Parliament to be introduced on the agenda early next week.
Government Postpones Social Security Tax Cut Until 2018
Social security contributions paid by employees and employers will be reduced starting 2018 , according to the latest update to the draft Tax Code, which the government presented Wednesday.
Romania Mulls VAT Cuts Earlier Than 2016, PM Says
Romania's government will decide in April whether to reduce starting June the standard quota of the value added tax from the current 24% to 20%, or the tax for basic food products from 24% t...