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Gov’t to postpone VAT cut, elimination of pole tax and over-excise upon Liviu Dragnea’s request

By   /  13/12/2016  /  Finance, Politics, RO Finance, RO Politics, RO Social, Romania, Social  /  Comments Off on Gov’t to postpone VAT cut, elimination of pole tax and over-excise upon Liviu Dragnea’s request

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The Dacian Ciolos government is to postpone by one year the implementation of the Tax Code amendments, i.e. the VAT cut from 20% to 19%, the elimination of the pole tax (tax on special constructions) and of the over-excise on fuel. The measures were requested by PSD leader Liviu Dragnea in a phone conversation with […]

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UniCredit: Romania would need 20 years to join the eurozone considering the current pace of economic growth

By   /  04/11/2016  /  Finance, RO Finance, Romania  /  Comments Off on UniCredit: Romania would need 20 years to join the eurozone considering the current pace of economic growth

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Romanians could reach the salaries close to those of in Western Europe countries, such as Germany and France, in more than 20 years, in the context where the economic growth is neither fast enough nor quite sustainable to support a faster reduction of the gap, Dan Bucsa, lead CEE economist within UniCredit Bank London, stated […]

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EBRD has revised upwards Romania’s economic growth forecast in 2016 to 4.8 pc

By   /  03/11/2016  /  Business, Finance, RO Business, RO Finance, Romania  /  Comments Off on EBRD has revised upwards Romania’s economic growth forecast in 2016 to 4.8 pc

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European Bank for Reconstruction and Development (EBRD) has revised upward on Thursday, the economic growth forecast for Romania for 2016 from 4 percent to 4.8 percent and from 3.5 percent to 3.7 percent forecast for 2017. “South-eastern Europe as a whole is on the rise. Greece is turning around thanks to a good season for […]

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IMF report warns Romania on risks related to the budget deficit

By   /  02/11/2016  /  Finance, RO Finance, Romania  /  Comments Off on IMF report warns Romania on risks related to the budget deficit

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The International Monetary Fund (IMF) warns Romania about the risk of deterioration of the budget deficit in the context of rising state expenditures, particularly on wages, along with tax cuts. The IMF maintains its estimates of economic growth in Romania in 2016 and 2017 of 5% and 3.8% respectively, the highest growth rate in Europe […]

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President Iohannis appears sceptical on wage increases

By   /  02/11/2016  /  Finance, Politics, RO Finance, RO Politics, RO Social, Romania, Social  /  Comments Off on President Iohannis appears sceptical on wage increases

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Labour Minister: Irresponsibility Deputy PM: Challenge to the Constitutional Court President Klaus Iohannis said on Wednesday, regarding the law on wage increases, that it is hard to say that he can agree with such provisions voted by Parliament on ‘the last two meters’ before the election. “It’s hard to say that one agrees with the […]

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Deputy PM Borc: Romania draws less FDI than other countries in the region

By   /  31/10/2016  /  Business, Finance, RO Business, RO Finance, Romania  /  Comments Off on Deputy PM Borc: Romania draws less FDI than other countries in the region

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Romania’s situation in attracting foreign direct investment (FDI) is worse than in neighboring countries, Deputy Prime Minister and Economy Minister Costin Borc warned on Monday, attending a debate about territorial development, agerpres.ro informs. “It’s important not to fall into false targets now, during the electoral campaign. It’s very easy to launch some slogans that sound […]

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PM Ciolos: Romania must turn the economic growth into real development

By   /  27/10/2016  /  Business, Finance, RO Business, RO Finance, Romania  /  Comments Off on PM Ciolos: Romania must turn the economic growth into real development

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Romania had a good economic evolution after passing through the 2008-2009 crisis and after joining the European Union in 2007. This trend should continue. According to PM Dacian Ciolos, Romania’s economic growth from 2011 has to be turned into a real development, agepres.ro informs. “(…) We continue to face certain gaps between various parts of […]

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Public Finance Ministry distributes to banks additional funds for “First Home” Programme

By   /  10/10/2016  /  Finance, RO Finance, RO Social, Romania, Social  /  Comments Off on Public Finance Ministry distributes to banks additional funds for “First Home” Programme

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Bucharest, October 10, 2016/Independent Balkan News Agency The additional funds allotted to the “First Home” Programme, amounting to 500 million lei, will be distributed to commercial banks starting on Monday, according to a Public Finance Ministry (MFP) release. “The Public Finance Ministry approved the allotment to banks of the 500 million lei, the total amount […]

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Gov’t Spokesman: PM Ciolos to go before Parliament; PSD’s leader’s initiative, very good

By   /  08/09/2016  /  Finance, Politics, RO Finance, RO Politics, Romania  /  Comments Off on Gov’t Spokesman: PM Ciolos to go before Parliament; PSD’s leader’s initiative, very good

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Bucharest, September 8, 2016/Independent Balkan News Agency Prime Minister Dacian Ciolos will go before Parliament to present Romania’s economic situation, Government Spokesman Liviu Iolu announced on Thursday. “The Social Democratic Party’s (PSD) Chairman’s initiative is very good because it gives the possibility to Prime Minister Dacian Ciolos to go before Parliament and show that this […]

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PM Ciolos: Fiscal relaxation measures with 1 January must be talked about with political parties, yet huge pressure on budget

By   /  05/08/2016  /  Finance, Politics, RO Finance, RO Politics, Romania  /  Comments Off on PM Ciolos: Fiscal relaxation measures with 1 January must be talked about with political parties, yet huge pressure on budget

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Bucharest, August 5, 2016/Independent Balkan News Agency Prime Minister Dacian Ciolos on Friday specified that the introduction of some fiscal relaxation measures scheduled to be enforced with 1 January 2017 should be also discussed with the political parties, but specified that such measures could increase the budget deficit over the 3pct threshold. Being asked whether […]

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