Government
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Government plans price increases and layoffs to help balance of payments
After a lot of urging and prodding by the International Monetary Fund (IMF), the Government has chosen the middle of winter as the best time to start cutting losses at the state-owned enterp...
Government raises excises
Boosting budgetary revenues by raising excises, this is the first idea the Government came up with to contain the unprecedented import growth and cut the budget deficit. Until having to cut...
Government loses inflation fight, prices up 1.5% in October
The consumer price index went up 1.5% in October, mainly due to the 3.9% increase in the price of services, according to the National Statistics Institute (INS). During the same interval, th...
Flat tax gets lost on the way from Government to Parliament
Despite all the commotion sparked last month by the Finance Ministry, the flat tax is no longer mentioned in the Fiscal Code bill, which is to be debated by Parliament. The Ministry of Publi...
Government officials think pink
The Romanian Government is optimistic about the economic growth outlook for the next four years. Whereas this year's growth forecasts were negatively revised from 5.2% to 4.8%, which still s...
Single tax quota officially confirmed for debate by Government today
The fiscal revolution anticipated by Ziarul Financiar last month is about to happen: Finance minister Mihai Tanasescu has officially confirmed the information initially released by governmen...
Single tax quota debated by Government on Thursday
PM Adrian Nastase wants to see the Fiscal Code draft debated during the Government session on Thursday, the version that stipulates replacing the five income category taxation system with a...
NBR shuns U.S. government bonds, steers towards the euro instead
Until 2000, the National Bank of Romania (NBR) would mainly invest its reserve into bonds issued by U.S. government agencies. However, their share in NBR's investments has plunged ever since...
Government mulling single 18% income tax for natural persons
The Government is planning to introduce a single global income tax for the natural persons. Most likely, this quota will amount to 18%, according to government sources. Taxation levels are n...