Social/Politics
VISA: State Could Raise Revenue By 28% If 30% Of Taxes Were Paid By Card
A 30% card payment rate for taxes could lift state tax collection revenue by 28% and lower tax collection costs by 12%, said Friday Catalin Cretu, VISA manager for Romania and Croatia.
Public Acquisitions Law Should Be Simplified To Avoid Investments Delay
Romanian deputy prime minister Liviu Dragnea Friday said that the legislation on public acquisitions should be clarified and simplified as investments are currently delayed, adding that they...
INS: Average Net Wage Rises 1.7% In April
Romanian average net salary rose 1.7% to 1,735 lei (EUR394.6) in April, from RON1,706 a month earlier, the statistics institute INS said Friday.
P&G Sees Consumption Rebound In 2014
US giant Procter&Gamble saw its revenue in Romania go slightly down last year, by less than 2%, to EUR336.3 million, amid feeble consumption appetite.
Romanian Businessman Dan Adamescu Detained On Bribery Charges
Romanian businessman Dan Adamescu was detained Thursday under accusations of bribery, the anticorruption department announced.
Romania Monthly Average Household Income At RON2,560 In 2013
The total monthly average income per household in Romania stood at 2,559 lei (EUR580) in 2013, while the total monthly average household expenses stood at RON2,317, according to the country’...
EU: Romania Not Yet Ready To Join Eurozone; Next Review In Two Years
Romania doesn’t meet all the five criteria required to join the euro area, a report from the European Commission showed Wednesday.
Romania To Raise 2014 Budget Deficit Target, PM Says
The Romanian government will raise its budget deficit target for this year to 2.4% of the gross domestic product to allow for more spending on defense programs, Prime Minister Victor Ponta s...
The Drama Of Ilie Vonica, Most Powerful Entrepreneur In Romanian Healthcare Business
Businessman Ilie Vonica, who built the Polisano group in Sibiu, jumped to his death from a window of his home on Tuesday, seemingly unable to cope with the pressure of a fraud investigation...