George Banciulea

Postponing new income increases, waiving new tax cuts, recommendations of Fiscal Council president

The President of the Fiscal Council, Daniel Daianu, recommends postponing new increases of incomes / salaries, stopping the promises that generate unrealistic expectations in citizens and restructuring the state apparatus given that, according to him, the acute deficit of fiscal area is increasingly dangerous.

ANPC study: 22.78 pct of the products analyzed present differences in Romania compared to Western Europe

A study conducted by the National Authority for Consumer Protection (ANPC) shows that 22.78 pct of the total of products checked show differences in Romania as compared to the versions sold in Western Europe, stated, on Tuesday, Paul Anghel, general director of the ANPC, in a specialty conference. "We checked depending on the labels that were presented to us in the European study.

FPPG: Romania is the largest natural gas producer in Eastern Europe

Romania is the largest natural gas producer in Easter Europe, with an average natural gas production in recent years of about 11 billion cubic meters, the Oil and Gas Employers' Federation (FPPG) stated. "Today, 13 September, we are celebrating the Day of the Romanian Gas Worker.

ARB: 11 financial institutions sign agreement to consolidate Romanian business environment

The Collaboration Agreement for the setting up of the Financial Platform, a project that aims to promote, in cooperation with stakeholder institutions, the principles of sustainable economic development and social progress, was signed by 11 representative institutions of Romania's financial industry, according to a release of the Romanian Association of Banks (ARB) sent to AGERPRES on Wednesday

INS: Annual rate of inflation down to 3.9 pct in August, foodstuff prices up 5 pct

The annual rate of inflation went down to 3.9 pct in August this year, from 4.1 pct in July, given that non-food item prices went up 2.98 pct, foodstuff prices increased 5.02 pct and the prices of services registered an advance of 4.23 pct, according to data published on Wednesday by the National Institute of Statistics (INS).

European Cyber Security Challenge 2019 to take place in Bucharest between 9 and 11 October

This year's edition of the European Cyber Security Challenge (ECSC), a contest at European level whose topic is cyber security will take place in Bucharest, between 9 and 11 October, at the Palace of Parliament, the Romanian National Computer Security Incident Response Team (CERT-RO) informed.

Tax authority: Romania no longer among EU states to experience tax gap widening

Romania is no longer among the countries that experience the widening of the tax gap, said the National Tax Administration Agency (ANAF), referring to the European Commission's recent VAT Gap report. For Romania, the figures show that the fiscal gap remained approximately steady at 35.8 percent in 2016 and 35.5 percent in 2017 (the numbers are rounded off to 36 percent for both years).

Franklin Templeton's Romania CEO: Time Gov't was genuinely concerned to develop country's capital market

The government should be genuinely concerned to develop the country's capital market, and the listing of state-owned companies such as Hidroelectrica and Bucharest Airports could significantly contribute to Romania's promotion to emerging market status, says Johan Meyer, Franklin Templeton Investments CEO and Fondul Proprietatea portfolio manager.

FP portfolio manager Johan Meyer says investing in Cernavoda reactors 3 and 4 makes no sense financially

Investing in reactors 3 and 4 of the Cernavoda nuclear power plant are not financially justified, and the subject is politically extremely sensitive, Johan Meyer, Franklin Templeton Investments CEO and Fondul Proprietatea portfolio manager told a news conference on Wednesday. Investing in reactors 3 and 4 makes no sense financially whatsoever.

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