Ministry
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Finance Ministry releases $200m bond issue
The Finance Ministry announced it would auction off USD-denominated yield bearing T-bills worth $200 million and maturing in 2006 on Wednesday, April 9. The announcement was made only five d...
Finance Ministry admits Ordinance 61 flaws
The Finance Ministry has finally brought itself to admit the Ordinance 61/2002 version enacted by a law and regulating the collection of budgetary debt is giving trouble to both banks and co...
Finance Ministry to borrow foreign currency
Romania could release the scheduled seven-year eurobond issue worth 500 million euros sometime in May. The short-list to be used for selecting the banks to broker the issue has just been put...
Finance Ministry wants seven-year bonds
The Finance Ministry is planning to borrow for seven years from the domestic market in 2004, after consolidating the three-year maturity this year. At the same time, the interest rate-cuttin...
Ministry terminates "112" contract
The moment the Romanians in danger will have the possibility to dial a three-digit number to have the Police, the Fire Department or the Ambulance come to their rescue in a matter of minutes...
More money for Finance Ministry
The general consolidated budget ended 2002 with 2.7% of GDP deficit, compared with 3.2% in 2001. This is one of the factors that led to a bigger-than-expected inflation drop, down to 17.8%,...
Industry Ministry determined to create petrochemical colossus
After almost 12 years of odes to the private small and medium-sized enterprises and their beneficial role in the economy, the Romanian State proves once again that the nostalgia for industri...
Finance Ministry hesitating to tax last year's employee perks
The commotion stirred by the prospect of retroactively taxing 2002's employee perks based on enforcement guidelines yet to be officially published, has made the Finance Ministry think twice....
Finance Ministry has major tax changes in store. For 2004
Since the 2003 budget has been endorsed by a law, next year will not see any major tax changes, Finance minister Mihai Tanasescu says. The significant modifications, either good or bad for t...