Social/Politics
Higher Excise Rates On Alcohol To Increase Alcoholic Drink Prices By Up To 40% - Association
Raising excise duties on alcohol will increase alcoholic drink prices by 25% to 40% and tax evasion will skyrocket to 90% from about 70% currently, according to Romulus Dascalu, president of...
EU: Romania Economic Sentiment Declines For First Time In Three Months
Romania’s economic sentiment index declined in July after three months of growth, amid worsening outlook in industry and retail, a widely watched European Commission monthly survey showed Tu...
Romania’s Budget Revision Raises Deficit To 2.3% Of GDP From 2.1% Of GDP
Romania’s government has revised down this year’s consolidated budget revenues by RON2.2 billion and lowering expenses by RON1 billion, raising the deficit to 2.3% of GDP from 2.1% of GDP.
Romania Cuts Budgets Of Several Ministries, Including Education And Labor
Romania’s Government will cut the budgets of the ministries of Education, Labor, Transport and Agriculture, as well as of the Presidential Administration, Chamber of Deputies and Constitutio...
Romania Increases Welfare Spending By RON60M
Romania’s Government will increase welfare spending by 60 million lei (EUR13.6 million) to pay unemployment aid to an annual average number of 158,000 jobless people, compared to 149,000 for...
Romania Will Lower VAT On Bread In September, Introduce Excise Duties On Luxury Products
Romania will lower the value added tax on bread to 9% from 24% on September 1 and the negative impact of the measure, estimated at about 100 million lei (EUR22.7 million), will be offset by...
Romania Might Raise Funds For 2013 First Home Program By RON1B
Romania’s Government will increase funding for this year’s edition of the state-guaranteed First Home mortgage lending program by 1 billion lei (EUR227 million), of which RON300 million will...
Dafora Signs Contract With Chevron For Drilling At Barlad Shale Concession
Romanian drilling company Dafora Medias (DAFR.RO) has signed a four-year contract with US oil giant Chevron Corp. for onshore exploration drilling at Barlad shale concession starting this fa...
Business Outlook: Executives See Romania Constructions, Retail Growing In 3Q
Romanian executives estimate the construction sector will grow over the July-September period compared with the previous three months, while the retail activity will post a moderate increase...