excises

The consolidated general budget recorded a surplus of RON 6.3 billion after the first five months of 2015, namely 0.9 percent of GDP, compared to a deficit of RON 1.58 billion respectively -0.24 percent, posted in the same period of last…

Romania ranks 26 in Europe on average coffee consumption, with an annual per capita consumption of 2.3 kg, compared to the EU average of 4 kg per capita. This is caused by the high coffee price in relation to the purchasing power of the…

The government published on December 12, 2014 in the Official Monitor the Emergency Ordinance amending the Fiscal Code valid from January 1, 2015. The ordinance targets the calculation of excises; it introduces new registers for authorised…

Romania risks European Commission (EC) sanctions because of the way the Ministry of Finance will calculate the excises next year, digi24.ro informs. PDL Member of the European Parliament Sebastian Bodu, former head of National Agency of…

Romanian government approved on its Wednesday meeting the raising of the gross minimum wage to RON 975 in January 2015 from the current RON 900. Another stage of minimum wage raising will be in July to RON 1,050. Nearly 1.5 million…

The excises level is to be posted in RON starting next year, while by 2016 is to be indexed, on yearly basis, with the inflation rate, a draft to amend the Fiscal Code reads. “Starting January 1, 2015 the excises level is to be posted in…