Ministry of Finance

President Iohannis: Working group needs to realistically analyse all macroeconomic, sectoral economic implications of COVID-19

President Iohannis on Wednesday asked the interinstitutional working group "to realistically analyse and assess" all the economic implications of COVID-19, at macroeconomic and sectoral levels. "I ask the working group to realistically analyse and assess all the implications of the COVID-19 at the macroeconomic and sectoral levels.

BNR's Isarescu: International borrowing, proof of responsibility, deficits are worrisome

International borrowing is proof of responsibility, but the country's deficits are worrisome, the governor of the National Bank of Romania (BNR), Mugur Isarescu told a press conference, when asked about the latest loans contracted by the Ministry of Public Finance. "Worrisome, an element of concern or as you might want to call it, not of panic, however, are the country's deficits.

Gov't approves epidemics medical emergency stocks

The government approved on Tuesday the establishment of emergency medical supplies for epidemics and measures regarding the establishment of quarantine under an emergency ordinance that also provides for the purchase of thermal scanners to equip Romania's 16 airports. "The establishment of emergency medical stocks for epidemics and other events generating multiple victims was approved.

President Iohannis on IT sector tax exemption: We must consider the introduction of taxes, maybe progressively

President Klaus Iohannis said on Monday that the idea of the equal tax treatment is "basically true", but in the case of the IT sector, where salaries are exempt from the income tax, the authorities need to take into account the fact that this sector has increased in the past ten years from "something insignificant to 6 per cent of the GDP." The head of state was asked if the tax exemption for

PM Orban: ANAF not being computerized, reason for lowest tax collection rate in EU

Prime Minister Ludovic Orban said on Thursday night for the B1 TV private broadcaster that Romania has the lowest tax and duties collection rate in the European Union, one of the reasons being that the computerization of the National Tax Administration Agency (ANAF) was not carried out, although all the companies were required to change their cash registers.