The member organizations of the Coalition for Romania’s Development (CDR) urge the Government that the reform of ANAF should become one of the “top” priorities… Mai mult›
Government has approved procedure for acquiring four multifunctional corvettes built in Romania and asks US Government to sell long-range ballistic missile to it
Romanian Government approved Thursday two decisions on the national endowment programs – “Multifunctional corvette” program and “Multiple long-range ballistic missile launcher system” – HIMARS. According to… Mai mult›
The operator of the national natural gas pipeline Transgaz (TGN) and Eustream, its Slovak counterpart, signed a memorandum of understanding “to investigate the opportunities to… Mai mult›
AOAR: Solutions to imbalances produced by chaotic tax legislation – business environment reaction to a slander from a minister
The Businessmen’s Association of Romania (AOAR) proposes a series of solutions to get out of the “chaos” of the fiscal and revenue legislation adopted last… Mai mult›
The Government approved on Thursday the OUG comprising the measures needed to preserve net wages that professional groups exempted from income tax and part-time employees… Mai mult›
Deputy Prime Minister Daniel Constantin announced discussions about differentiated tax on some types of income
de Vladimir Ionescu 10.1.2017
Deputy Prime Minister Daniel Constantin told Digi24 that flat tax will not be repealed, but there are discussions about the possibility of introducing, as of 2018, a differentiated tax for certain categories of income.
“There is a discussion to come up, as of 2018, with that tax based on the citizens’ level of income. It is a discussion that we shall have at that moment. The flat tax will be maintained, but there are other options to be considered for other categories of income,” said the Deputy Prime Minister.
“We shall not take any measure to put additional tax pressure on citizens. Citizens endured the burden. They were perhaps the most honest tax payers and there was no discussion to introduce a new tax, “added Daniel Constantin.
Daniel Constantin: In 2017 it is not necessary to ask for negotiations with the European Commission on the deficit limit
The measures planned by the Government for this year would not lead to this level being exceeded, therefore we will not need to negotiate for exceeding the 3% of GDP deficit, said Deputy Prime Minister Constantin.
In 2017 it is not the case to ask for renegotiations, as all the measures that we consider fall into the 3% level“, said Constantin for Digi 24.
The Government has forecasted an economic growth of 5.5% for this year, which in his opinion can be met.
According to the Deputy Prime Minister Constantin, imports growth in 2016 was caused by the fact that domestic production could not cope with high consumption:
“That led to imports higher by 40% in 2016, which means that our welfare has been exported to other countries where the economy grew and produced those benefits that Romanian market needed”, he explained.
Figures from the PSD-ALDE budget, similar to those from the Government Dacian Ciolos project, says Deputy Prime Minister Constantin
The budget is to be approved in the last week of January, but overall, there are little differences between the coalition’s budget and the version left from Dacian Ciolos’ Cabinet, also said Daniel Constantin:
“It is still work in progress, as we had a draft budget prepared when we were in opposition, without having all the data. I believe that certain fine tunings are made now and we shall be able to adopt it at the end of the month (January – editor’s note),” added the Deputy Prime Minister Constantin.The draft budget for 2017 is based on a budget deficit of 2.99% of GDP and it contains only the wage increases already adopted, announced on Thursday Anca Dragu, former Minister of Finance.
“We have this project that includes a deficit of 2.99% of GDP, which covers only the wage increase, as it was approved through the law already published. Of course, there can be made all sorts of adjustments to the budget,” said former Minister of Finance Anca Dragu.
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The member organizations of the Coalition for Romania's Development (CDR) urge the Government that the reform of ANAF should become one of the "top" priorities… Mai mult›
Romanian Government approved Thursday two decisions on the national endowment programs - "Multifunctional corvette" program and "Multiple long-range ballistic missile launcher system" - HIMARS. According to… Mai mult›
The operator of the national natural gas pipeline Transgaz (TGN) and Eustream, its Slovak counterpart, signed a memorandum of understanding "to investigate the opportunities to… Mai mult›
AOAR: Solutions to imbalances produced by chaotic tax legislation - business environment reaction to a slander from a minister
The Businessmen's Association of Romania (AOAR) proposes a series of solutions to get out of the "chaos" of the fiscal and revenue legislation adopted last… Mai mult›
Romania needs to adopt a different economic model if it wants to avoid a crisis caused by the current consumption boom, according to Matteo Patrone,… Mai mult›
According to the perception of managers from the field, the manufacturing industry will register a relative stability of production volume in the following months (conjuncture… Mai mult›
The Romanian Business Leaders (RBL) Macroeconomic Confidence Index, of 52.3 points, shows that the entrepreneurs and executives from the most important businesses in Romania have… Mai mult›
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The total volume of loans planned by the Ministry of Finance (MFP) for 2018 amounts to about RON 74 billion. Loans are to be secured… Mai mult›
Pessimistic expectations about the future in latest CFA Romania research - economists anticipate a decrease of personal incomes and continuous depreciation of Romanian leu
In December 2017, the macroeconomic confidence indicator of CFA Romania declined to 41 points, the lowest value since April 2013, by 3.1 points below the… Mai mult›
BNP Paribas, the largest French bank and the second largest in the EU by the size of assets, will launch its retail operations in Romania… Mai mult›
The BNR will impose restrictions on credits to the population, to anticipate potential non-payment risks. This could happen in March if the project is approved… Mai mult›
The European Parliament will run debates on the situation of justice in Romania in the next plenary session, in February, in the Strasbourg plenary. The… Mai mult›