Social/Politics
Survey: 70% of Romanians Feel Their Tax Money Is Wasted
Seven in ten Romanians are of the opinion that most money collected from taxes are spent unjustifiably and money saved from fighting tax evasion should be spent on education, heath care and...
BRD May Grant Subsidized Mortgage Loans Totaling RON315M
Romanian lender BRD-Groupe Société Générale has been assigned a new cap, of RON157.7 million, and may grant new mortgage loans totaling RON315.4 million under the government-subsidized First...
Analysts Warn Tax on Turnover Could Render 30% of Companies Insolvent
One out of three companies in Romania will be exposed to insolvency risks if the government replaces the 16% flat tax on profit with a tax on turnover, showed a study by Iancu Guda, presiden...
AmCham Romania Says Planned Fiscal Changes Drive Investors Away
Changes in the fiscal policy announced in the new government program generate turmoil in the business climate and severely affect the stability and confidence in the Romanian economy, which...
Romanian Parliament Endorses Tudose Cabinet
Romania's new Cabinet, led by Mihai Tudose, on Thursday received the Parliament's endorsement with 275 votes in favor and 102 votes against.
Fin Min Says Romania to Eliminate Mandatory Private Pensions; PM Denies
Romania's proposed finance minister Ionut Misa said Thursday the government will eliminate the mandatory private pension system known as Pillar II. The prime minister later denied any such p...
Romanian Government to Postpone VAT Cut to 18% for 2019
Romania's government will postpone a standard value-added tax rate cut to 18% from 19% for 2019, according to the new government program to be voted upon in Parliament Thursday.
Ruling Party Proposes Ionut Misa for Finance Minister
Romania's ruling Social Democratic Party approved its list of ministers proposed for the Cabinet led by prime minister-designate Mihai Tudose, nominating state secretary Ionut Misa for finan...
Romanian President Designates Mihai Tudose for Prime Minister
Romanian President Klaus Iohannis on Monday designated social democrat Mihai Tudose for prime minister, as proposed by the ruling coalition.