Social/Politics
EXCLUSIVE: Government Expects Total Revenues Of RON202B In 2014 – Draft Budget
Romania’s government estimates total revenues to the general consolidated budget will reach 201.9 billion lei (EUR45.5 billion) in 2014, down from RON205.8 billion expected this year, accord...
EXCLUSIVE: Government Allots More Money To Local Budgets In 2014
Romania’s government will allot more money from VAT collections to local authorities next year and will oblige them to complete EU-funded projects first, according to the draft budget for 20...
EXCLUSIVE: Mandatory Private Pension Contributions Increase To 4.5% In 2014
Contributions to the mandatory private pension system (Pillar II) will increase from 4% to 4.5% of employees’ gross income in 2014, according to Romania’s draft state budget for next year, o...
Electricity Bills To Increase By 2% At Most As Of January 1, 2014 - Minister
Household electricity bills will increase by 1% as of January 1, 2014, while electricity prices for industrial consumers will rise by 2%, minister-delegate for energy Constantin Nita said Th...
EXCLUSIVE: Government To Allow Local Authorities To Raise Taxes For Individuals By More Than 20%
The government will allow for local taxes for individuals to be raised by more than 20%, citing local authorities’ “financial difficulties”.
EXCLUSIVE: Romania Raises Excises By Nearly 5% In 2014, Expects Additional RON3.4B Revenue
Romania will raise excise duties for next year by 4.77%, the average annual inflation rate calculated in September, and the Government expects the measure will reign in additional revenue of...
Romania’s New Insolvency Code Solves None Of Current Legislative Flaws - Investors
The main flaws in Romania’s current legislation on insolvency concern the duration of proceedings, a low debt recovery rate and high costs, which the newly adopted regulations on insolvency...
Iberdrola Drops Wind Power Investment Plans In Romania
Spain’s Iberdrola will no longer invest in wind power in Romania and will stick to the 80 MW it has out of the 1,200 MW previously planned.
Nita: Modernization Of CE Hunedoara Coal Mines Seen At EUR70M
Costs to upgrade the coal mines owned by Romanian state-run power producer Complexul Energetic Hunedoara are estimated at EUR70 million and works should the finished in at most two years, Mi...