02.12.2021

Romania's 2021 state budget bill targets a budget gap of around RON80 billion, around 7% of the country's gross domestic product, down from a deficit of 9.8% in 2020, based on a GDP growth projection more

12.17.2019

Romania's 2020 state budget will be based on a gross domestic product of RON1.129 trillion, a projected economic growth of 4.1% and a deficit of 3.59% of GDP, finance ministry data showed Tuesday. more

11.05.2019

Romania's new liberal finance minister Florin Citu said Tuesday he was not convinced the country's budget deficit can stay within the EU limit of 3% of gross domestic product this year since the more

02.01.2019

Romania's finance ministry plans to raise the share capital of state-owned CEC Bank by RON940 million, according to the 2019 state budget draft released late Thursday. more

11.22.2018

Romania's finance ministry has drafted this year's second budget revision plan while keeping its budget deficit target at 2.97% of gross domestic product. more

08.23.2017

Romania expects to get RON6 billion in VAT collections in the period 2018-2020, or RON2 billion a year, if it requires separate VAT payment accounts for companies as of January 1, 2018, finance more

01.23.2017

Romania's social democrat government targets investments of 4.2% of the gross domestic product this year and has drafted the 2017 state budget on an economic growth projection of 5.2%, finance more

07.07.2016

The Labor Ministry is currently working on a project intended to persuade Romanians living abroad to return and fill vacant jobs in Romania and to make it easier for non-EU workers to work in the more

12.05.2015

Romania's 2016 state budget draft considers a deficit of 2.8% of gross domestic product, within the EU limit of 3%, to accommodate tax cuts and wage raises passed by the previous government. more

10.22.2015

The ministries of Agriculture, Regional Development, EU Funds and Finance will receive the bulk of funds at this year’s second budget revision to be operated Friday, in government’s special more

02.18.2015

Romania's government plans to scrap tax on special constructions as of 2016, in order to encourage investments in the private sector and to boost Romanian companies’ competitiveness, according to more

02.18.2015

Romania’s Government plans to eliminate the 16% income tax on dividend payments to companies’ shareholders as of January 1, 2016, in a move to avoid double taxation which is expected to crack down more

02.18.2015

The Romanian government will allow local authorities to raise taxes directly, by up to 50%, every three years, based on inflation rate, according to the new Tax Code Draft. more

02.18.2015

Romania's government plans to establish taxes on apartments and houses at 0.08%-0.2% of the taxable value, from the current 0.1%, as of January 2017, according to the new Tax Code Draft. more

02.18.2015

Romania's government plans to cut the flat tax rate to 14% as of January 2019, from the current 16%, according to the new Tax Code Draft. more

02.18.2015

Micro-enterprises will have to pay a tax even if they don't have any employees and firms with one or more employees will pay 3% and 1% of their turnover, respectively, while firms with no employees more

02.18.2015

Romania's government plans to lower the value added tax from 24% to 20% as of next year and to 9% on food items such as meat, fish, fruits and vegetables, according to the country's new Tax Code more

12.11.2014

The Ministries of Labor, Development, Finance, European Funds, Agriculture, Environment, Transport, Economy will receive extra funds in 2015, while the Ministries of Health, Culture and Interior will more

11.24.2014

Romania’s Minster-delegate for the budget Darius Valcov on Monday said the draft state budget for 2015 will be completed by Friday, subsequently discussed with officials of the European Commission more

10.07.2014

The maximum ownership limit in Romania’s five regional investment funds (SIFs), which currently stands at 5%, could be eliminated, while the ownership threshold in market operators may be raised to more

06.25.2014

The government wants the number of small and medium-sized enterprises (SMEs) active in Romania to increase by over 40% by 2020, to 670,000 firms expected to employ 3.2 million people, compared to 2.6 more

04.25.2014

Romania's minister-delegate for energy Razvan Nicolescu said Romania will have its first draft energy strategy by October. more

11.07.2013

Romania’s government estimates total revenues to the general consolidated budget will reach 201.9 billion lei (EUR45.5 billion) in 2014, down from RON205.8 billion expected this year, according to more

09.27.2013

The de minimis state aid targeting small and medium-sized enterprises (SMEs) in Romania, which is worth up to EUR100,000, will be set at 90%, instead of 100% currently, of the total value of eligible more

09.25.2012

Drug producers and healthcare investors say the Romanian health system would not necessarily need a fundamental reform, but the current minister says he will continue to try to break the monopoly of more