10.29.2020

Romania will not shut down its economy as it did during the two-month state of emergency in spring, finance minister Florin Citu said Thursday in a radio interview. more

07.14.2020

Romania's government has invested RON16.1 billion in the country's economy in the first six months and investments and consumption are excepted to cushion this year's economic downturn and lay a solid more

01.28.2020

Romania's consolidated budget posted a deficit of 4.6% of the gross domestic product in 2019, wider than the government's estimate of 4.4%, finance minister Florin Citu said Tuesday. more

03.22.2019

Romanian Finance Minister Eugen Teodorovici announced on Friday that the amended version of the controversial 2018 bank tax decree would be launched into public debate during the day, with the more

01.03.2019

Romanian Prime Minister Viorica Dancila agreed on Thursday with a proposal made by the country’s finance minister to dismiss the chairman of national tax agency ANAF, Ionut Misa, and will sign a more

12.19.2018

Romanian Finance Minister Eugen Teodorovici announced on Tuesday, in a press conference outlining a series of new fiscal measures, that natural gas prices in the country will be capped at RON68 per more

11.27.2018

Romanian finance minister Eugen Teodorovici said Tuesday the 2019 state budget bill would be sent to Parliament for approval by mid-December, adding the budget will be “more strictly constructed”. more

11.27.2018

Romania's consolidated budget posted a deficit of 2.2% of gross domestic product in January-October, finance minister Eugen Teodorovici said Tuesday, adding the country won't exceed the 3% deficit more

10.05.2018

Romanian Finance Minister Eugen Teodorovici said Friday that Romanian tax agency ANAF must “aggressively” pursue VAT collection to narrow the gap between collected and expected amounts, even if it more

08.21.2018

Romania’s Presidential Administration announced on Tuesday that the Supreme Council for National Defense (CSAT) is still in the process of analyzing a proposed budget revision, to which the finance more

01.29.2018

The new PSD (Social Democrat Party) government is due to be installed Monday and the biggest question is whether the transfer of the social security taxes from employer to employees remains in force more

09.19.2017

Romania's finance minister Ionuţ Misa said Tuesday the government plans to “freeze” gross wages temporarily, while it transfers payments due on social security from employers to employees. more

08.30.2017

Excise duties on gasoline and diesel gas will be raised by RON0.16 per liter each, in two stages, as of September 15 and October 1, Romania’s Finance Minister Ionut Misa said Wednesday, at the more

08.12.2016

Romania ranks first among the 28 European Union member states in terms of economic growth in the second quarter of 2016, followed by Slovakia, with a GDP growth of 3.7% and Spain with 3.2%, and the more

03.09.2016

Romanian authorities expect a growth in investment rate by the end of 2017, after a 7.5% increase last year, as it is one of the highest in the European Union, at 24.9% of GDP, Finance Minister Anca more

11.16.2015

The government will keep all the measures in the Tax Code as well as the recent wage hikes while the 2016 budget will stipulate a budget deficit below 3% of the GDP, Finance Minister-designate Anca more

07.31.2015

The impact of the VAT cut to 9% on food items as of June 1 was a positive one, bringing RON400 million to the state budget, although the government estimated a negative impact of RON500 million after more

07.07.2015

Finance Minister Eugen Teodorovici said Tuesday that the Romanian government plans to keep the budget deficit at around 1.2% of the GDP in 2016, as agreed with the international financial more

03.27.2015

Eugen Teodorovici will be Romania's new Finance Minister and his position as EU funds minister will be taken over by Marius Nica, current secretary general at the Labor Ministry. more

03.05.2015

Romania’s Government is not considering introducing the progressive income taxation, at least not in the next two years, because the application used by the tax authority ANAF prevents it from more

02.19.2015

Excise duties and the value added tax will be lowered before the end of the year, and not in 2016, as established in the country’s new Tax Code Draft, to stimulate consumption in November and more

05.07.2012

Romania's joint Parliament committees on Monday endorsed Florin Georgescu for the office of Minister of Finance and deputy prime minister, with 28 votes for and six against. more

03.12.2012

Bogdan Dragoi, who was appointed finance minister a month ago, collected 833,640 lei (almost EUR200,000) from the various positions held in 2011. Half of the money (about EUR105,000) was his pay as a more

02.24.2012

Romanian Prime Minister Mihai Ungureanu has appointed Cristian Sporis as the new deputy finance minister, in charge of the state Treasury. more

02.17.2012

Romanian Prime Minister Mihai Ungureanu will appoint Cristian Sporis, head of the treasury department with Raiffeisen Bank, as the new deputy finance minister, people familiar with the matter said more