Social/Politics
Government Postpones Application Of Electronic Invoice For 2013
Romania's Government has postponed the application of rules on the electronic registration of commercial operations, as per a law adopted in July, until January 1, 2013.
Government Approves Budget Revision, Raises Social Security Costs
Revenues to Romania's state budget have been reduced by 0.4% of the GDP and expenses by 0.2%, while the social security budgets have received an extra 370 million lei (EUR82 million) in the...
Government Expects Making VAT Due On Invoice Payment To Boost GDP By 0.5%
Romania's Government estimates that making VAT due on invoice payment starting January 1, 2013 will increase the GDP by about 0.5%, as well as improve employment and the public's income.
Romania Approves 10% Lower Clawback Tax On Drugs
Romania's Government has approved a new formula for the clawback tax, which will be reduced by 10% and charged starting on October 1, as well as a mechanism to adjust the healthcare system's...
Mona Pivniceru Sworn In As Justice Minister
Mona Pivniceru was sworn in Thursday as Romania Justice minister in the presence of acting President Crin Antonescu and Government officials.
CFR Posts RON120M Profit In First Half
Romanian state-owned railway administrator CFR SA reported profit of RON120.7 million (EUR26.9 million) in the first half of 2012, compared with losses of RON229 million in the first six mon...
Government Pledges To Hold Steady Against Pressure To Relax Fiscal Discipline
Romania’s Government pledged to resist pressure to relax fiscal discipline ahead of parliamentary elections to be organized this fall, as well as to ensure strict discipline of local governm...
Government Pledges To Limit Co-Financing For EU-Funded Projects
Romania's Government will limit spending on co-financing for EU-funded projects, following the interruption of reimbursements, and will not use money from the privatization fund or from Infr...
Romania Will Amend Corporate Governance Law To Speed Up Appointment Of Private Managers
Romania’s Government wants to amend the corporate governance law so professional managers at state-owned companies will be appointed within at most nine months, as well as set a list of thre...