The Government will meet on Friday in its first meeting this year, going to discuss the state budget for 2013 and the impending visit to Romania of the International Monetary Fund delegation. read more...

Prime Minister Victor Ponta told private news channel Romania TV he wants his Government to cut the value-added tax (VAT) on basic foodstuffs, but he underscored there is need of a ‘fine tuning’ between the budget-related obligations and the accords with the International Monetary Fund (IMF) for this to happen. read more...

PM Victor Ponta asked the ministers on Thursday at the Government meeting to prepare the budget by January 7, when the delegation of the International Monetary Fund (IMF) is expected to come to Bucharest. read more...

Prime Minister Victor Ponta said Thursday in Brussels that Romania has to make efforts to join the Eurozone, and that it certainly will not take this step before it is ready to do so. read more...

Romania should join the Exchange Rate Mechanism II in order to be able to switch over to the European single currency some time in 2017-2020, according to findings in a study called ‘The balance exchange rate and its factors – Case study Romania,’ released on Thursday by the National Economic Projections Board (CNP). read more...

President Traian Basescu says the European Union will ultimately reach an agreement on its 2014-2020 budget, although he underscored there still are many obstacles to achieving an accord and he cited the downturn, the net contributors who want to cut the contributions and the beneficiaries who want a reasonable European budget to be maintained. read more...

Several commercial banks participate, at present, in a simulation program of the National Bank of Romania (BNR) on the establishment of a bridge bank, but that also means additional costs for the banks said President of the Romanian Banking Association (ARB) Radu Gratian Ghetea. read more...

The funding pressure put on the state budget will be much lower next year, given the deficit target and the macro-economic indicators, Public Finances Ministry’s deputy director general Laurentiu Dumitru Andrei told a news conference. read more...

Romania is arguing that paragraph 45 in the draft European Budget proposed by European Council President Herman van Rompuy that sets up a link between the future cohesion policy allocations and the absorption rates for 2007-2011 is unacceptable because it is affecting it, Romania’s Minister of European Affairs Leonard Orban said Tuesday in Brussels after a meeting of the EU’s General Affairs Council (GAC). read more...

Romania will finish the current agreement with the International Monetary Fund (IMF) in January 2013, two months earlier than planned, and will conclude a new agreement in February, according to Minister of Public Finance Florin Georgescu. read more...

The top five debtors to the state budget used to have cumulated debts in amount of 5.514 billion lei (1.2 billion euro) in late September, according to data released by the National Tax Administration Agency (ANAF). read more...

The chairman of the National Authority for the Public Acquisitions Regulation and Monitoring said he had made a proposal in a draft law to raise the cap for the direct public acquisitions to 30,000 euros from 15,000 euros starting Jan. 1, 2013. read more...

The annual inflation rate increased to 5.33 pct this September from 3.88 pct in August, shows data released on Wednesday by the National Statistics Institute (INS). read more...

The International Monetary Fund (IMF) leaders on Friday, September 28, will discuss the sixth assessment of the agreement with Romania, signed following the mission carried out in Bucharest, in the period July 31 – August 14. read more...

Minister of Public Finance Florin Georgescu announced the successful completion of the tap of its euro-denominated 6.5% June 2018-dated bond issue that replenishes the country’s forex reserves by EUR 750 million. read more...

The IMF does not have a preference for the flat tax or for the progressive taxation of revenues, but it is important that the fiscal reform ensures a sufficient revenue level, allowing the Government to make the priority expenditure for economy, education, health system, infrastructure, International Monetary Fund Mission head Erik de Vrijer told an interview to Agerpres. read more...

Terms the officials of the International Monetary Fund (IMF), and of the EU financial structures impose, will lead to the suppression of the social dialogue through the removal of the Collective Bargaining, at all levels, reads the release the trade unions confederations and employers associations signatories of a cooperation agreement sent to Agerpres. read more...

In the first semester, Banca Transilvania (BT) saw a net profit of 179.62 million lei, up 47% YOY, according to a report by the lender. In the first semester, the gross profit of BT was 193.22 million lei, up 28.6% compared to the end of June 2011. read more...

The budget deficit for the full 2012 will certainly meet the target of 2.2 percent of GDP agreed with the International Monetary Fund (IMF), Public Finances Minister Florin Georgescu said on Wednesday. read more...

Prime Minister Victor Ponta told a press conference on Monday that he informed the international financial institutions about the Romanian Government’s intentions to propose the payment of the value-added tax (VAT) upon invoice settlement for the companies posting a turnover lower than 500,000 euros, provided that the reimbursements are carried out only through the banking system. read more...