04.05.2019

Romania's economic growth could slow to 2.8% in 2019 and 1.8% in 2020, the lowest due to the negative impact of ad-hoc fiscal measures, weaker credit growth and foreign demand, Unicredit Bank analysts more

03.11.2019

Romania's Fiscal Council said Monday the country's budget deficit could reach 3.5% of gross domestic product this year, well above the EU limit of 3%, as the state budget is undervalued. more

02.05.2019

Maintaining an economic growth projection of 5.5% in 2019 especially after the emergency decree 114/2018 introducing new taxes is surprising and unwarranted, Romania's Fiscal Council said in a more

12.19.2018

Romanian President Klaus Iohannis said on Wednesday that the new fiscal measures announced by the Government will have serious negative effects on the economy and were not discussed with anyone from 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

11.07.2017

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

10.30.2017

90% of firms active in Romania will be affected by the planned 1% tax on turnover, a measure which brings a reduction of RON631 million in taxes paid, and could trigger the loss of 112,153 jobs, Iancu more

09.26.2017

Most multinational groups in Romania (95%) expect to be more exposed to fiscal checkups in the future and 68% say the risk of tax regulator ANAF adjusting prices in intra-group transactions within more

06.30.2017

Changes in the fiscal policy announced in Romania’s new government program are directed against the business environment and represent a real threat to the stability and predictability of economic more

06.30.2017

Changes in the fiscal policy announced in the new government program generate turmoil in the business climate and severely affect the stability and confidence in the Romanian economy, which already more

02.03.2017

The Fiscal Council said that the state budget draft for 2017, presented by the Finance Ministry, is deliberately and substantially diverging from the national and European fiscal rules signed by more

01.06.2017

Romanian President Klaus Iohannis on Friday signed into law the bill stipulating the elimination of 102 non-fiscal taxes, the presidential administration said in a statement. more

12.08.2015

Romania’s projected economic growth of 4% for 2016 might be at its peak and is likely to slow down toward 3.5% in 2017, given the lack of investments, and a growth based only on consumption is not more

12.08.2015

Romania's inflation rate is seen dropping to below -2 early next year from the current -1.6% but will rise again to reach 2.5%-3% once the effects of the cut in value-added tax wear off, according to more

12.08.2015

The new government, with a one-year mandate, should focus on few, clear projects, mainly on increasing tax collection, which would be clearly communicated, an on increasing transparency and efficiency more

11.11.2015

The significant fiscal easing adopted by the previous government will not be reversed given the broad political consensus in passing the decisions, but the new government might come up with a set of more

10.22.2015

The International Monetary Fund warns Romania's deficit will near 3% of gross domestic product in 2016 and will be higher than 3% of GDP in 2017 unless the country takes measures to balance the more

08.04.2015

By Andrea Schaechter, IMF mission chief for Romania, and Guillermo Tolosa, IMF resident representative for Bulgaria and Romania. more

07.22.2015

Romania should not repeat the mistakes of other states or its own mistakes before the financial crisis, thus economic policies decision makers should act prudently, as it is easy to promise and give more

07.22.2015

Romania’s Fiscal Council said the cut in the standard VAT rate from 24% to 19% as of January 1, 2016 actually means a decrease of 8 percentage points, not five points, given that the average VAT more

06.29.2015

The harsh situation triggered by the granting of fiscal amnesty to authorized private individuals (PFA) may lead to an exodus of computer programmers who generate 6% of Romania’s GDP, similar with more

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

03.12.2015

Romania shows weaknesses in the evaluation and oversight of public investments and lack of timeliness in approval of annual budgets, but scores well on 30 of 36 criteria considered in the IMF's Fiscal more

02.24.2015

Romania would rather need fiscal relaxation measures in terms of supply, by cutting social security tax, instead of measures to stimulate demand by cutting VAT and excise duties, which will trigger more

02.20.2015

The Romanian government can cover the budget deficit generated by the recent fiscal measures from the underground economy, which has plenty of resources, if authorities manage to collect such funds, more