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Tag Archives: budget

Bucharest City Hall expects to collect RON 1.3bn less, following the Tax Code ‘reform’ approved by the Gov’t

firea sacks

The Bucharest City Hall budget will fall in 2018 down by RON 1.36 billion, i.e. between 34.47% and 38.54% of the broken share of income tax to the municipality, a document from the institution reads. The decrease is the consequence ...

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European Commissioner Günther Oettinger tells MPs Romania could meet the 3pc of GDP deficit this year


European Commissioner for Budget and Human Resources Günther Oettinger said on Thursday, during the meeting with the parliamentary budget committees that in his opinion there are premises for Romania in 2017 and 2018 to meet the budget deficit threshold of ...

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Teachers threaten with protests over wage issue on October 2

teachers protests

The Federation of the Free Education Trade Unions (FSLI) has announced on Wednesday that teachers would protest in the street on October 2 if the Government didn’t commit to solve the salary problems of the education staff. Trade unionists are ...

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Update: Gov’t reportedly to cut by half the contributions to Pension Pillar II. ASF denies discussions on the subject, says Pillar II is solid

ionut misa finance

The Finance Ministry plans to cut by half the contributions to compulsory pension fund, Pension Pillar II, media inform quoting profit.ro. If enforced the decision will dramatically influence the dynamic of the amounts accumulated in the 7 million personal accounts ...

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Former PM Ciolos charges Liviu Dragnea on excise duties hikes


Former Prime Minister Dacian Ciolos says that the social-democrat leader Liviu Dragnea has “made his calculations wrong or fooled the Romanians who believed him” and recalls that last year he had drawn attention to the fact that the measures in ...

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What is the budget allotted by Romanians for this Easter?

easter meal

Most of the Romanians say they are spending Easter holidays at home and will allot a budget of around RON 500 for the Easter meal, says a survey conducted by the Romanian Institute for Evaluation and Strategy (IRES) during April ...

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Bucharest General Council approves city hall’s budget for 2017: EUR 1.1 billion


The Bucharest General Council has adopted on Thursday the City Hall’s budget and of the subordinated institutions for 2017 worth EUR 1.1 billion. Of this amount, EUR 121 million will represent subsidies for the Bucharest Transport Administration (RATB), EUR 11 ...

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President Iohannis and the head of IMF mission discuss improving tax collection, EU funds absorption

iohannis FMI IMF

President Klaus Iohannis welcomed at the Cotroceni Presidential Palace a delegation of the International Monetary Fund (IMF) on Thursday, led by head of the IMF mission for Romania, Reza Baqir. The meeting aimed at unveiling the main conclusion of the ...

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