70% of economic growth in first three quarters of 2018, obtained by stocks increase. Foreign exchanges pulled down GDP by 1.6 percentage points
INS recalculated GDP in the third quarter and the first three quarters of the year. Here are the growth data for the Romanian economy, updated… Mai mult›
The estimates by economists of most important banks in Romania on the depreciation of the local currency for this year range between 4.73 and 4.77… Mai mult›
Final energy consumption of Romanian industry declined by about 75% between 1990 and 2016, compared to only 25% at the EU level, according to data… Mai mult›
Crash signal in foreign trade – export coverage ratio has fallen to 2011 level. And we do not import robots
The trade deficit on November 2018 was EUR 1.567 billion, the second worst monthly performance registered last year. Worryingly, the growth rate of exports compared… Mai mult›
The Romanian mergers and acquisitions market reached nearly EUR 2 billion in 2018, according to a Deloitte Romania analysis based on public sources and transactions… Mai mult›
Romania – among the highest shares of environmental taxes: Where does the money go while we risk infringement proceedings for pollution?
de Mariana Bechir , 5.2.2018
However, Romania is threatened with the infringement procedure because of air pollution in large cities.
In Romania, government revenue from environmental taxes exceeded EUR 3.9 billion in 2016, up 59% compared to 2007 and 1.9% to 2015, according to Eurostat data.
Romanians pay 17 environmental taxes at different levels of the administration, according to the National Institute of Statistics (INS).
There are taxes on transport (excise duties on car imports and car sales from domestic production, car registration tax, road taxes, tax on cars), energy taxes (excise duties on imports and electricity sales, over-excise to fuels, revenues from the single tax on fuels delivered, consumed or imported by producers, development tax, revenues from the sale of greenhouse gas emission allowances), taxes on resources (tax on oil from domestic production and natural gas, tax on the activity of prospecting, exploration and exploitation of mineral resources) and a pollution tax (taxes and other revenues from the environmental protection).
Governments of Latvia (11.7%) and Slovenia (10.6%) have the largest share of tax revenues. They are followed by Greece (9.8%), Bulgaria (9.6%), Croatia (9.3%).
The European average has declined from 6.4% in 2006 to 6.3% in 2016.
The lowest share is 4.6% in Luxembourg, followed by Germany (4.8%), France (4.9%), Belgium (5.0%) and Sweden (5.1%).
On the other hand, Romania and other eight states should submit their plans for improving air quality to the European Commission by 5 February. Otherwise, Romania, Hungary, the Czech Republic, Germany, Spain, France, Italy, Slovakia and the UK will be sued in the EU Court of Justice.Government revenues from environmental taxes in the EU member states amounted to EUR 364.4 billion in 2016 compared to EUR 296.5 billion in 2006.
Energy taxes accounted for over three quarters (76.9%) of total environmental tax revenues, followed by taxes on transport (19.7%) and taxes on pollution and resources (3.4%).
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