11.26.2013

Romania’s government has approved several oil concession agreements in the perimeters Baile Felix, Biled, and Periam, agreements between the country’s National Mineral Resources Agency (ANRM) and more

11.22.2013

Chinese telecoms equipment maker Huawei will open a regional center in Bucharest and will invest in research and education programs in Romania, for which the government has pledged its support, Prime more

11.18.2013

Romania has a low indebtedness level and a high potential for economic growth and any government that cannot create conditions for a growth rate of at least 5% a year should not benefit from voter more

11.15.2013

The new royalty rates levied on mineral resources other than natural gas and oil, which will be increased starting 2014, will apply only to future contracts, said Romanian Finance Minister Daniel more

11.14.2013

The prices of gasoline and diesel oil in Romania will increase by 0.3 lei (EUR0.06) to RON0.4 per liter in 2014, following an increase in fuel excises, Finance Minister Daniel Chitoiu said Thursday. more

11.14.2013

Romania and the International Monetary Fund agreed to give local authorities a free hand to increase taxes on property paid by individuals as much as they feel necessary. more

11.14.2013

Romania’s government and the International Monetary Fund have decided state-run freight railway operator CFR Marfa will be reorganized “aggressively” by cutting staff costs, scrapping old more

11.14.2013

Romania’s government will decide by the end of the year whether it will lease or close 1,600 kilometers of railway lines in 2013 and 2014, aiming to save some 70 million lei (EUR15.7 million) more

11.14.2013

Romania’s government has once again committed to refrain from adopting a long-delayed law on personal bankruptcy, arguing the measure would impair credit discipline, according to the country’s more

11.12.2013

Tax revenues in Romania will increase by 5 billion lei (EUR1.12 billion) next year following tax system changes, which include widening taxable income and the health insurance contribution base and more

11.12.2013

Romania will get additional state budget revenue of RON344 million (EUR77.2 million) from raising the minimum wage, according to an official government document obtained by MEDIAFAX. more

11.11.2013

Romania’s government will keep gross wages in the public sector unchanged in 2014 and only novice teachers will get a raise of up to 10%. more

11.07.2013

The application of a system whereby Romanian firms must pay value added tax upon cashing in invoices will become optional and the government will eliminate regulations obliging firms to pay the VAT in more

11.07.2013

Romania’s government will allot more money from VAT collections to local authorities next year and will oblige them to complete EU-funded projects first, according to the draft budget for 2014 more

11.07.2013

The government will allow for local taxes for individuals to be raised by more than 20%, citing local authorities’ “financial difficulties”. more

11.04.2013

Romanian Prime Minister Victor Ponta on Monday said the government will increase the royalty rates levied on mineral resources other than natural gas and oil in a move to boost revenues to the state more

11.04.2013

Romania will select private managers at state-run hydropower producer Hidroelectrica by the end of November, Finance Minister Daniel Chitoiu said Monday. more

11.04.2013

Romanian Prime Minister Victor Ponta Monday said all pensions will be increased by 3.76% in 2014. more

11.04.2013

Romania will increase the minimum gross wage in two stages in 2014, namely, from the current 800 lei (EUR180) to RON850 starting January 1, 2014, and to RON900 starting July 1, 2014. more

11.04.2013

Romania will reduce social security contributions by 5 percentage points in the second half of 2014 if the Government finds by July 1 the financial resources needed to offset the measure's impact on more

11.04.2013

Romania’s government and the International Monetary Fund agreed on increasing the wage fund for resident physicians and teachers at the beginning of their career by 3% to 4% in 2014, people close to more

11.04.2013

Romania and the International Monetary Fund have reached an agreement regarding the country’s main macroeconomic indicators for 2014, including an estimated economic growth of 2.1% and a budget more

10.30.2013

Romania has collected only 25-30% of what it estimated at the beginning of the year it would get from companies gaining additional revenue from the liberalization of gas prices, Finance Minister more

10.30.2013

Romania’s government has extended the property tax pool, as per agreement with the international Monetary Fund, to include previously exempted types of properties such as parking lots and swimming more

10.25.2013

Romania’s Government will seek a confidence vote in Parliament in mid-November to pass a bill on the decentralization of public administration, Prime Minister Victor Ponta said Friday. more