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Tag Archives: tax on greed

Fin Min Teodorovici says ‘tax on greed’ will turn into ‘incentive for diligence’. Fiscal amnesty likely in April

Finance Minister Eugen Teodorovici has told TVR 1 public broadcaster Tuesday evening that Emergency Ordinance 114 will be amended and that the ‘tax on greed’ will turn into an ‘incentive for diligence’, whereby the banks should finance real economy. Teodorovici ...

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Fin Min: The ‘tax on greed’ to be decoupled from ROBOR index

The ‘tax on greed’ will no longer be calculated according to ROBOR index, at least not in the current form of this index, Minister of Finance Eugen Teodorovici has announced. Thus, the bank asset tax will be calculated by transactions, ...

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Fin Min Teodorovici sends letter to S&P, vows replacement of the tax on financial assets by an annual fixed tax

Finance Minister Eugen Teodorovici says the ‘ordinance on greed’ will be amended, in a letter sent to Standard & Poor’s rating agency at the end of last week, mentioning changes related to ROBOR Index. The minister did not publicly mention ...

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Liberals to file simple motion against FinMin asking for the GEO 114 repeal. PM Dancila in Parliament: “Is anyone bothered that we are reasoning in Romanian?”

Liberals will file a simple motion against Finance minister Eugen Teodorovici to the Chamber of Deputies, asking him to repeal the fiscal emergency ordinance 114/2018, the so called tax on greed ordinance, regarding the tax on financial assets. „Together with ...

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Update: 3-month ROBOR Index slightly up to 3.07%. Darius Valcov hopes for change in calculating the index

The 3-month ROBOR Index, according to which the cost of variable-yield loans in RON is calculated, has increased on Monday to 3.07%, up against 3.06% in the previous session, according to the figures released by the National Bank of Romania ...

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Isărescu-Teodorovici meeting – two-week truce

After about two and a half hours of heated talks, the meeting of the National Committee for Macro-prudential Supervision (CNSM), attended by BNR Governor Mugur Isarescu and Finance Minister Eugen Teodorovici, has concluded with the signing of a two-week truce, ...

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Good economic perspectives for 2019, but conditioned by political and legislative stability, says Johan Meyer, Fondul Proprietatea

Following record growth and significant acceleration in the last couple of years, Romania’s economy is currently set for a rather uncertain future, says Johan Meyer, CEO Franklin Templeton Investments Bucharest Branch and Portfolio Manager of Fondul Proprietatea, in an analysis ...

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