The business in Romania blog writes about the Romanian business landscape, doing business in Romania, investing in Romania business and debating on business issues in Romania. Check this Blog's Policy here.
Sitemap | Feedback | Doing Business in Romania report | Opening a Business in Romania | RSS for this Blog
Friday, November 12, 2004
The parliament has adopted with 239 votes in favor and 48 against the budget for next year, in spite of the opposition's negative vote.
The budget law provides for an economic growth of 5.3 percent next year, an inflation rate of 7 percent and a deficit of 1.5 percent of the GDP, in line with the country's agreement to the IMF.
Major changes are to be brought to the taxation system, as the tax on profit is to be curbed from the current 25 percent to 19 percent.
The minimal taxation quotas for revenues derived from salaries was also reduced from 18 percent to 14 percent while the maximum one was also cut from 40 percent to 38 percent.
The employers' contribution to the social insurance budget is also shedding 2 percentage points.
Opposition said it would not vote the budget, considering it was used by the ruling PSD as an electoral instrument
Posted by Iulia Rasoiu : 11/12/2004 02:34:00 pm
06/01/2004 - 07/01/2004
Better off Bucharest
Ruwel to invest EUR 80 milion in Cluj complex
Mazda Romania sales up 84%
European Parliament prepares for Bulgaria and Roma...
12 Prospective Bidders For Nuclear Plant Works Com...
Report on Holocaust in Romania released
EUR 14 M governmental accords between Germany and ...
EurActiv launches Romanian version of EU policy po...
16 American companies visiting Romania
Romania EU entry target seen safe despite election...
Publications & Media
This website is proud to be designed by Mihai Dragan
I usually listen to THIS kind of music.