Finance Ministry

Gov't planning tax incentives to attract foreign pensioners

The government is about to issue an invitation to European pensioners to move their tax residence to Greece.

The incentive for Northern European retirees, besides the Greek weather, will be the tax exemption of their incomes for almost 10 years - i.e. their pensions or any other revenues they may have from property or capital gains from stocks anywhere in the world.

PM Orban says Romania in very bad financial shape

Romania's state of finance is very bad, as its previous government failed the revenue collection plans, freshly sworn in Prime Minister Ludovic Orban told a news conference at the Finance Ministry on Wednesday. "I am today at the Ministry of Public Finance to officially install the new Minister of Finance, Florin Citu. I had some talks before this news conference on the financial state.