finance
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National Bank, Finance Ministry clash over budget deficit financing
No sooner had the IMF's Board of directors voted for the first-ever completion of a stand-by agreement concluded with Romania after 1989 that a new dispute between the central bank and the F...
Finance Ministry releases new bonds
The Public Finance Ministry will release its first floating interest bond issue maturing in five years early next month, on November 6. The main feature of the new product, which the Finance...
Finance Ministry keeps promise, announces 3% social security contribution cut
The social security contributions (CAS), the millstone of the Romanian taxation system, will go down by three percent to 49.5%, as of next year. The decrease solely concerns employers, which...
Finance Ministry after 104m euros
The rise in the central bank's benchmark rate on the interbank money market from 19.25% to 20.25% a year and the banks' reluctance to invest their cash in government securities over the last...
Finance Ministry speeds up budget
The Finance Ministry is to present a report on the main indicators used to build next year's budget during today's Government session. These indicators include a 5% economic growth, ministry...
Finance Ministry eyes salaries paid as dividends, plans tax increase
After the single quota, the Finance Ministry is now planning a new surprise for corporate taxpayers: the cut in the profit tax from 25% to 20% along with an increase in the dividend tax from...
Foreign investors make peace with Finance Ministry
The Foreign Investors Council (FIC) has announced the Finance Ministry came up with a series of solutions to FIC representatives' suggestions about a conduct code for the fiscal authorities...
Debt trading stuck at Finance Ministry
The Romanian Businesspeople Association (AOAR) and the chairman of the Romanian Commodities Exchange (BRM) on Wednesday accused Finance minister Mihai Tanasescu of having blocked the Governm...
Finance Ministry raises 210bn ROL
The Finance Ministry managed to collect more than 210bn ROL from the banks on Tuesday, following two auctions for treasury bills. The amount can be billed as an outstanding success, given th...