Archive » March 2009 » 13 March 2009 The english news from 13 March 2009
Shock therapy to stimulate foreign investments
The government is trying to apply shock therapy by adopting a set of measures to stimulate investments. These measures include maintaining the 16 percent flat tax, adopting incentives for reinvested profit, and, as of this year's second half, capitalizing Exim Bank and CEC…
Romanian Carmakers Require Payment Delay For 50% Of Their Due VAT
Allowing car part makers in difficulty to pay half of their due VAT later is a measure that would help the industry, but a decision will be made after an exact assessment of budget revenues, Romanian Prime Minister Emil Boc said Thursday. "This proposal is being analyzed but a decision can be made only after an exact analysis regarding state budget revenues…
Romania's president says next week will bring the news on the IMF loan length
Once the International Monetary Fund (IMF) wraps up the evaluation of Romania's economy and talks with the European and local experts come to an end, the exact length of the loan granted to the country will be made public, president Traian Basescu said. Once the again the president refused to divulge the sum Romania is to borrow from the IMF, to avoid any media speculations later on when the value of the loan will be known…
Romania considering economic growth at between minus 1 pct and 1.5 pct this year
Romania is considering an economic growth at between minus one percent (negative growth) and 1.5 percent, Public Finance Minister Gheorghe Pogea said on Thursday after a fresh round of talks with the International Monetary Fund (IMF) officials. 'I believe it is possible to stay within minus one and 1.5 percent, while other states in the region have even minus three (percent growth - editor's note)', Pogea said, adding 'no variant is sure'…