07.25.2019

Romania's government will likely approve this year's fist state budget revision in August, pending approvals from the country's defense body and other institutions, finance minister Eugen Teodorovici more

05.30.2019

Romania's government has lowered share capital hike requirements for mandatory private pension funds (Pillar II) introduced through a controversial tax decree in December 2018. more

05.30.2019

Romania's government on Thursday adopted a draft decree replacing the reference index used to calculate variable interests on state-sponsored lending programs, finance minister Eugen Teodorovici said. more

03.20.2019

Romania's government may amend the bank tax in its meeting next week, finance minister Eugen Teodorovici said after a meeting with representatives of the Romanian Banking Association. more

03.13.2019

Romania's finance ministry will finish this week a draft of changes to the emergency decree 114/2018 that introduced a tax on bank assets and raised capital requirements for mandatory private pension more

12.13.2018

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

12.11.2018

Romania's draft state budget for 2019 will be based on a gross domestic product of RON1,022 billion, a projected economic growth of 5.5% and a deficit below 3% of GDP, finance minister Eugen more

09.04.2018

Romania’s Finance Minister Eugen Teodorovici said on Tuesday that the delay in passing the budget revision proposed by the government will have negative consequence for salaries, investments and more

07.20.2018

Romania’s Finance Minister Eugen Teodorovici announced on Friday that a draft bill capping the price of gas from domestic output has been pulled from the ministry’s website, adding the subject more

07.06.2018

Romanian Finance Minister Eugen Teodorovici said Friday that President Klaus Iohannis must pay the state RON1.2 million, representing the rent he received for a Sibiu house which the latter lost in 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

08.20.2015

Romanian finance minister Eugen Teodorovici said Thursday the country's budget deficit would drop to around 2% in 2017 following a gradual cut in the VAT rate and the elimination of an additional more

07.17.2015

Romanian Finance Minister Eugen Teodorovici stated Friday that there is no logical or economic argument in the decision of President Klaus Iohannis to send the Tax Code back to Parliament for more

06.24.2015

Romania’s budget deficit will be higher than the target agreed with the international financial institutions next year, but still below the cap of 3% of the gross domestic product allowed by the more

05.29.2015

The tax on gratuity will not be removed on June 1 as previously estimated by finance minister Eugen Teodorovici, due to the delay of the measure in the Parliament. more

08.19.2013

Romanian EU Funds Minister Eugen Teodorovici said the European Commission reimbursed Romania for EUR1.47 billion since the beginning of the year and the country’s EU fund absorption rate is more