Articles 1 - 25 of 97 by " Iulian Anghel"

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Difficult Mission for Finance Ministry at Yearend: Funding the Deficit
28 nov 2019
Raising the budget deficit from 2.8% to 4.3% of GDP, which the Finance Ministry proposed to be able to close 2019 books, was easy on paper. Now it has to find the money to fund this deficit on the more
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Herman Van Rompuy: Invest Now, While Money Is Cheap
18 oct 2019
Europe is suffering from a too low investment level. China is investing more than 40% of its GDP. We in the EU invest half of that volume. We need larger investments everywhere in the EU countries, more
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Finance Minister Teodorovici Sees 5.5% GDP Growth in 2019. Too Optimistic, Analysts Say
13 dec 2018
Finance Ministry is delaying publication of the 2019 budget bills, which should have already been debated by the Parliament. On Tuesday night, Finance Minister Eugen Teodorovici provided a few details more
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Companies Enter 2019 Without Law on Transfer of Social Security Contributions from Employer to Employees
3 dec 2018
The first year of implementation of the ordinance transferring social security contributions from employer to employee (No. 79/2017) illustrates un abnormal situation on the labor market, as some more
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New Business Goals for Romania: Education, Healthcare and Infrastructure
30 nov 2018
100 years from becoming whole and 29 years from the fall of the communist regime, Romania is at the bottom of the EU ranking by infrastructure, spends the least in the entire EU on healthcare and its more
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Tax Agency ANAF Under Pressure To Boost Revenue By 15%
19 nov 2018
The Finance Ministry is asking tax agency ANAF to improve collection (by 15.3% compared with 2017) to meet the budget revenue and deficit target. more
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PSD Government Broke Finance Ministry’s Piggy Bank: 25% Salary Raises In Public Sector In Jan-Aug
1 oct 2018
Salary spending in the public sector rose 25% in January-August over the year-ago period, as shown by the general consolidated budget figures. The private sector is unable to keep up with the raises more
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More Entrepreneurs Join ROCA Platform Intended To Save Ailing Romanian Companies
17 sep 2018
ROCA, the first platform investing in the management of Romanian companies in distress, has attracted five new investors and tripled initial capital to EUR13.5 million. more
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All Forecasts Point To Mere 4% Economic Growth In 2018
11 sep 2018
Economists are beginning to review their economic growth forecasts downwards, after the National Statistics Institute published detail GDP growth data last week. more
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Bank Deposit Holders Worst Hit By Inflation Rise To 5%
13 apr 2018
The annual inflation rate reached 5% in March, the highest rate in the past six years. It went up by 0.3% compared with February, according to the National Statistics Institute data. more
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Romania Revises 2018 Economic Growth Forecast To 6.1% From 5.5%
6 feb 2018
Romania's National Prognosis Commission revised the country’s economic growth forecast for 2018 up to 6.1%, from a previous estimate of 5.5% in its fall forecast. more
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Why Romania Has No Highways: EU Structural Fund Absorption Rate At Only 2.7%
23 ian 2018
European Funds Ministry has finally published statistics about the absorption of EU funds in 2014-2020 showing that four years after the start the multi-annual planning period, Romania got more
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Employers’ Failure To Pay Taxes Withheld On Behalf Of Employees Carries Prison Sentence
11 dec 2017
The failure to pay to the government the taxes deducted at source becomes a crime punishable by one to six years in prison, according to an emergency ordinance draft published on the Finance Ministry more
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Govt’s Indecision Over Tax Changes Stops Hundreds Of Thousands Of Companies From Devising 2018 Budget Plans
7 nov 2017
The Monday meeting during which the government was supposed to discuss its proposed tax changes was postponed until Wednesday after it had already been put off Friday until Monday. more
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Bill On Social Security Tax Transfer Does Not Require Companies To Raise Gross Wages
23 oct 2017
The bill to modify the Fiscal Code to move the tax obligations from the employer to employee does not include any obligation for companies to raise the gross wages of the employees to keep their net more
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Romania’s GDP Could Reach EUR200B In 2018
19 sep 2017
In 2018, when Romania celebrates 100 years since its Great Union, its gross domestic product could reach EUR200 billion, beating Greece’s or Czech Republic’s. more
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VAT Collection Down 8% In July 2017/July 2016 Despite Rising Consumer Spending
28 aug 2017
VAT collection has inexplicably worsened in July. While it dropped 4% year-on-year in the first half, in July it went down 8% compared with July 2016. more
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IT&C Sees Highest Growth Of All Sectors Contributing To GDP Formation In H1
7 sep 2016
The IT&C sector had the highest growth in volume of all the sectors that contributed to Romania’s gross domestic product formation in the first half. more
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Romania’s Public Debt Up RON20B One Year After VAT Cut
18 iul 2016
Romania’s direct public internal and external debt reached 278 billion lei (EUR61.7 billion) at the end of May 2016, having gone up by RON20 billion on the end of May 2015, according to Finance more
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Rise In Investments And Business Expansion Puts Pressure On Labor Market And Wages
10 mar 2016
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Govt Spends RON15B More In December, Drives Budget Into Deficit
21 ian 2016
Romania’s general consolidated budget switched from a surplus of 5.3 billion lei (EUR1.2 billion) or 0.76% of the gross domestic product in November 2015 to a deficit of about RON9 billion to RON10 more
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Drought Causes Economic Growth Forecasts Revision
9 sep 2015
The extended drought that announces a very bad agricultural year is making macroeconomists revise their 2015 growth forecasts downwards. more
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Government Investments At Ten-Year Low
28 aug 2015
The Ponta Government announced a record budget surplus of 1% of the gross domestic product, 7 billion lei (EUR1.6 billion) in January-July, some of which it will use for wage raises, while capital more
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Romania’s EU Fund Absorption Rate At 51% In June
9 iul 2015
Romania’s European Union fund absorption rate sets at only 51% in June, six months before the end of the reference period 2007 – 2013. This is the lowest absorption rate among European Union more
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Government Hikes Lending Threshold For EU Funds By RON1B
1 iul 2015
The Romanian Government increased the threshold for net lending to cover the payment requests within the European Union financed projects by 1 billion lei, to a total RON5 billion. more