Results 26 - 50 from 60 for "cut"
-
VAT Cut On Food Items Triggers 11% Price Cut, 17% Sales Hike -Study
07.02.2015
The VAT cut on food items has triggered an average price decrease of 11% and a 17% sales increase, according to a survey from market researcher Nielsen. more
-
Romania Central Bank Doesn’t Want More Rate Cuts
06.16.2015
Romania’s central bank will try to refrain from cutting the monetary policy rate even if the inflation falls in negative territory, as the economy is expected to grow 4% this year and won’t need more
-
Competition Council Fears Retailers May Collude To Keep VAT Cut In Their Profits
05.11.2015
Romania’s Competition Council fears that stores, retail chains and producers might collude to keep in their profits the planned cut to 9% in the sales tax on food items starting June 1, watchdog more
-
Profi Cuts VAT On Several Food Items
05.05.2015
Supermarket chain Profi, owned by investment fund Enterprise Investors, cut the value-added tax on several food items, being the first retailer to implement the VAT cut which is to come into force on more
-
Fiscal Council: VAT Cut On Food Items Should Have Been Announced Right Before Implementation
04.29.2015
The VAT cut to 9% on food items should have been announced right before its implementation, to avoid price hikes operated by retailers, Fiscal Council head Ionut Dumitru told Coface Country Risk more
-
PM: Government Considers Special Taxes Unless Retailers Lower Shelf Prices After VAT Cut
04.29.2015
The government can't freeze shelf prices following a VAT cut to 9% on food items but could introduce special measures, such as high taxes, unless retailers adjust their prices to the VAT cut, Prime more
-
European Commission Voices Concerns Over Romania’s Planned VAT Cut
04.08.2015
The European Commission is concerned about the Romanian Government’s plan to reduce VAT rates which are expected to have a substantial negative fiscal effect, EC Vice-President Valdis Dombrovskis more
-
Large Retailers In Romania Say Shelf Prices Will Reflect VAT Cut
04.08.2015
The planned lowering of the value added tax for all food products, including non-alcoholic drinks and restaurant services, to 9% from 24% currently, starting June 1, will be fully visible in shelf more
-
VAT Cut To Leave Consumers With RON5B Disposable Income If Retailers Cut Prices, Too
04.08.2015
In a surprise move, the Romanian government announced a value added tax cut to 9% from 24% as of June 1 not only for staple foods, but also for all agri-food products, non-alcoholic beverages and more
-
Constantin: VAT Cut For Food Products To Lower Prices, Boost Consumption
04.07.2015
The cut of the value added tax for food products to 9% will lead to lower prices, higher consumption and better collection of state budget revenues, Agriculture Minister Daniel Constantin stated more
-
EY: VAT Cut Should Come Along With Measures To Tackle Tax Evasion And Boost Tax Collection
02.23.2015
The lowering of the value added tax should be supported by measures to fight tax evasion and increase tax collection, according to EY consultants, who also expect government to cut investments for more
-
VAT Cut On Meat To Boost Consumption, Reduce Bankruptcies - Romanian Meat Association
02.20.2015
The lowering of the value added tax on meat, included in the new Tax Code draft, will boost consumption, reduce bankruptcy of companies in the sector and bring EUR300 million to the state budget from more
-
Petroceltic Curtails Operations In Romania, Bulgaria And Greece To Reduce Costs
02.11.2015
Oil company Petroceltic plans to restrict exploration activities in Romania, Bulgaria and Greece and farm-out acreage in Italy and Egypt, in order to significantly reduce operating and capital more
-
Constantin: VAT Cut On Meat, On Government’s Agenda For 2015
12.11.2014
The VAT cut for meat and meat products will remain an objective of the government for 2015, if allowed by budget revenue, Agriculture Minister Daniel Constantin told Mediafax Talks about Brewing and more
-
Capital Economics: Romania Low Inflation May Spur More Rate Cuts
11.04.2014
The Romanian central bank’s decision to cut its key rate to 2.75% won’t have much of an impact on overall monetary conditions, but signals the policymakers are alert to the prospects of even more
-
VAT Cut On Meat A Priority, Future Government To Decide - Minister
09.26.2014
A lower sales tax in the meat industry is a priority, after Romania lowered the VAT rate on beard to 9% from 24%, but the decision will belong to the future cabinet, after the presidential election in more
-
Tax Authority Sends Letters Instead Of Focusing On Tax Collection Improvement
09.23.2014
The tax authority, the institution that should make sure the government collects all the due taxes, has turned overnight into a sender of letters informing taxpayers that they are eligible for an more
-
Gedeon Richter's Drugstore Chain In Romania Lowers Capital By EUR2.5M
09.02.2014
Gedeon Richter Farmacia, the 120-drugstore network Hungarian pharmaceutical group Gedeon Richter owns in Romania, has lowered its share capital by RON11.38 million (EUR2.58 million), by reducing its more
-
Isarescu: Decision To Cut Key Rate To 3.25% Not An Easy One
08.05.2014
Romania’s central bank (BNR) decision to cut the key rate to 3.25% was not an easy one considering the potential response of commercial lenders, as already seen, to first cut deposit interest rates, more
-
Savings Enabled By Social Security Tax Cut To Go To Raises And Investments, Entrepreneurs Say
07.28.2014
Romanian entrepreneurs would use the money saved on social security tax after a cut thereof for raises, investment in expanding operations and new jobs, and for offsetting potential price hikes and more
-
Romania, Second In Region By Lowest Social Security Costs After CAS Cut
06.18.2014
The social security tax (CAS) cut by 5 percentage points, to 15.8%, would place Romania second in the region in terms of the lowest social security costs, after Slovakia, with 14%, and before Poland, more
-
Major Electricity Consumers To Save EUR40M If Romania Enforces Green Power Subsidy Cut
04.23.2014
The major electricity consumers could save about EUR40 million in 2014 if the government adopts a decision to cut the green power subsidies paid by energy intensive industrial companies. more
-
Cemacon Cuts Share Capital By RON25.7M Due To Losses
03.25.2014
Shareholders of Romanian brick maker Cemacon (CEON.RO) approved the share capital decrease by RON25.7 million, to around RON526,000, due to losses amassed by the company over the last five years. more
-
EXCLUSIVE: Romania Won’t Cut Social Security Tax Rates Without Widening Taxable Income First
11.14.2013
Romania’s government has pledged to lower social security contribution rates in the second half of 2014 without bearing down on the state budget, and widen taxable income, according to the more
-
Romania Central Bank Still Has Room To Cut Rates - Governor
11.05.2013
Romania’s central bank still has “some” room to further lower its main interest rate, following four consecutive cuts this year, governor Mugur Isarescu said Tuesday. more