Social/Politics
Ponta Says Exiting Excessive Deficit Procedure Leads To Years Of Constraints
Romania’s exiting excessive deficit procedures may be good news for the minister of finance and budget as the country can borrow at lower costs but it also means it is in for years of diffic...
Government To Downsize Managing Board Of Financial Supervisory Authority
Romania’s government will downsize the Executive Board of the country's Financial Supervisory Authority (ASF) and will place an 85% tax on the severance pay former members of institutions re...
Romania On Track To Meet IMF Goals, Says Finance Minister
Romania is on track to achieve its targets assumed under a EUR3.6 billion loan with the International Monetary Fund, including the privatization of state-run freight rail company CFR Marfa,...
Government To Pass Decree Taxing 85% Of Severance Pay Of Ex- CSA, CNVM, CSSPP Heads
Romania’s Government is set to adopt an emergency decree Tuesday taxing by 85% the severance pay of former members of institutions reorganized into the country’s Financial Supervisory Author...
Ponta Says Romania Will Continue To Apply Reverse Taxation On Cereal
Prime Minister Victor Ponta on Monday said Romania will continue to apply reverse taxation on cereal, which will allow it to step up efforts to fight tax evasion in the agricultural sector.
Romania Forex Reserves Rise Slightly To EUR32.7B In May
Romanian foreign exchange reserves rose slightly to EUR32.69 billion in May, from EUR32.41 billion a month earlier, central bank data showed Monday.
A Quarter Of Romanians Unaware Of e-Government Services Existence - Survey
A quarter of Romanians are unaware of the existence of online public services and only 11% of them are concerned about the protection and security of personal data, according to a survey con...
Ponta Wants To Tax Severance Pay Granted To Former CSA, CNVM Heads
Romania’s Prime Minister Victor Ponta said Monday he wants to place an 85% tax on the severance pay the ex-heads of former insurance market regulator CSA and securities commission CNVM will...
INS: Tourist Arrivals Up 4% On Year In April
Arrivals at Romanian tourism accommodation establishments rose 4% in April from the year-earlier month, but overnight staying declined 5.3% on the year, data from the statistics institute IN...