Government
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New government to keep flat tax and VAT as they are
The new PD-L-PSD government will keep the 16% flat tax and the value added tax at 19%, while the tax on reinvested income will be zero, as shown by the governing programme draft.
Government securities close to floating
Technical tests aimed at determining whether government securities should be listed on the stock exchange are drawing to a close. The instruments will start trading depending on regulatory f...
Government securities could be listed on the Bucharest Stock Exchange in July
The listing of government securities on the Bucharest Stock Exchange (BSE) could take place in July, and trading-related technical tests could start on June 16, with the operation expected t...
Government promises to reduce budgetary deficit to less than 2.5% of GDP
The Government has promised, half-heartedly, to reduce the budgetary deficit to less than 2.5% of GDP, to straighten out public spending and to avoid offering any "electoral giveaways", whil...
Rotary and Bog'Art in the race for retrofitting Government HQ
The construction company, which will retrofit Palatul Victoria (Victoria Palace), the Government headquarters, a project estimated at 13 million euros, will be selected via direct negotiatio...
Government still has unspent money after 9 months
The public budget has posted a 220 million-euro surplus (0.19% of the GDP) nine months into the year, according to data published yesterday by the Ministry of Economy and Finance. Total reve...
Government cuts funds for wages and roads to pay for pensions
After four years in office, the Government has shifted its focus from transport and infrastructure to education, pensions and social security, with regard to the budget. The 2008 budget focu...
NBR Governor Mugur Isarescu asks Government to watch its spending
The NBR insists on requesting support in its battle with inflation, especially from the Economy and Finance Ministry, as it increases its focus on bringing the current account deficit under...
Government postpones bulk of CAS cut until late 2008
Social security contributions (CAS) will be cut by six percent over three stages next year, with the most important move in December, according to the 2008 draft budget. Employers will stand...