Archive » October 2009 » 07 October 2009 The english news from 07 October 2009
CC report: The states sometimes vitiates competition of certain markets
Romania has a rather opaque banking system, preferential contracts in the energy sector, and markets which were liberalized only formally, with a very vulnerable retail , and unjustified barriers for entering the pharmaceutical market, are some of the main conclusions of the "Competition Policy in Key Sectors" report, compiled by the Romanian Academic Society (SAR)…
Romanian Car Tax To Apply To Euro 4 Cars Come Dec 15, '09
The normative act through which the registration tax for Euro 4 cars was suspended will not be renewable, thus, after the expiration of the norm, owners of cars with the Euro 4 pollution norm will pay the registration tax. "I have held intense talks with the European Commission and we cannot renew the suspension applied to the registration tax on Euro 4 cars, thus, starting with December 15 (…) the tax will be paid," said Tuesday interim Environment Minister Elena Udrea …
Higher VAT considered - to cover budget expenditures
The Government is considering augmenting the crisis budget by reforming the 2010 revenues while keeping the flat rate corporate profit tax and income tax. A decision on increasing the VAT is not excluded either. According to Hotnews.ro, official Government sources admit that increasing the value-added tax is an extensively discussed subject in the corridors of the Victoria Palace…
Industrial decline sharpens: A W-shaped crisis is more plausible
The industry continues to decline, according to data published by the National Institute of Statistics (INS). Thus, net sales in industry fell by an annual 16.9 percent in August, due to declines in the manufacturing and extractive industries, of 17 and 15.3 percent, respectively…