finance minister

Finance Minister To Attend Talks With Municipality Mayors On State Budget

Romanian Finance Minister Eugen Teodorovici will meet on Tuesday with mayors of the country’s municipalities following the latters’ request to discuss the 2019 budget, political sources told MEDIAFAX.

President Appoints Interim Transports And Development Ministers

Romanian President Klaus Iohannis signed on Monday the decrees appointing new interim transports and regional development ministers, in the context of a cabinet appointments dispute with PM Viorica Dancila over full-time ministers.

Finance Minister On Tax Agency Chief Dismissal: We Need Better Tax Collection

Romanian Finance Minister Eugen Teodorovici officially announced in a press statement on Thursday that he requested Prime Minister Viorica Dancila to dismiss the chief of the country’s tax agency ANAF, Ionut Misa, over concerns on the agency’s tax collection rates.

Prime Minister To Dismiss National Tax Agency Chairman – Sources

Romanian Prime Minister Viorica Dancila agreed on Thursday with a proposal made by the country’s finance minister to dismiss the chairman of national tax agency ANAF, Ionut Misa, and will sign a decree in this regard, Government sources told MEDIAFAX.

Finance Minister: 2019 Budget To Be Discussed After December 19

Romanian Finance Minister Eugen Teodorovici announced that the state budget for 2019 will not be discussed during Thursday’s cabinet meeting, as it has not yet received a Defense Council (CSAT) review, with discussions to resume after the council’s next meeting on December 19.

Finance Minister: 2019 Budget Will Be Forwarded To Parliament Until Mid-December

Romanian Finance Minister Eugen Teodorovici announced on Tuesday, in a press statement, that the draft project for the state’s 2019 budget will be sent for approval to the Parliament until the middle of the December and will be “more strictly constructed”.

Finance Minister Hints At January 2019 Minimum Wage Increase

Romanian Finance Minister Eugen Teodorovici stated on Friday that the country’s minimum wage increase will happen most probably in January 2019, apparently ending speculation that the government could raise the minimum income in December.

Finance Minister: Romania Supports Simplifying And Clarifying Norms On Fiscal Governance

Romanian Finance Minister Eugen Teodorovici spoke in favor of a proposed reform of the EU’s Stability and Growth Pact, during an EU Economic and Financial Affairs Council (ECOFIN) meeting held on Tuesday in Brussels.

Finance Minister: Romania Will Adopt Euro In 2024

Romanian Finance Minister Eugen Teodorovici said on Friday that the ministry decided for Romania to adopt the Euro in 2024, adding that the full calendar of the transition stages will be presented next week.

Romanian Fin Min Says Lower VAT On Food Won’t Lower Prices But Endanger State Spending

Romanian Finance Minister Gheorghe Ialomitianu said Friday he will try to convince lawmakers not to adopt a bill that lowers the sales tax on basic food items because the measure will not lower food prices and will jeopardize the country’s budget spending.

Romanian Fin Min says 2011 Budget To Provide More For Investments, Cut Social Spending

Romania can’t draft a budget with just wage payment and social spending in mind and the budget philosophy for 2011 is to earmark as many funds as possible for investments and co-financing, Finance Minister Gheorghe Ialomitianu said Thursday.

Romanian PM Sacks Finance Minister Sebastian Vladescu

Romanian Prime Minister Emil Boc on Thursday sacked Finance Minister Sebastian Vladescu, people close to the matter told MEDIAFAX.

Romanian Senate’s Budget, Finance Committee Rejects VAT Hike To 24%

Romanian Senate’s budget and finance committee Monday debated on Government emergency ordinance 58/2010 amending the Fiscal Code and rejected with six to four votes the increase by 5 percentage points of the value added tax, from 19% to 24%.

Romania Has Money To Pay Pensions In 2010 – Fin Min

Romania will not face problems with paying pensions this year, Finance Minister Sebastian Vladescu said Tuesday.

Romanian PM Bans Ministers From Speaking Publicly On Topics Without Govt Approval

Romanian Prime Minister Emil Boc said Tuesday the finance minister’s public statements about the introduction of a progressive taxation system as of next year was not considered and approved by the Government and banned ministers from speaking publicly about unapproved issues.

Romanian State Employees’ Wages Might Rise 7% In 2011 If 70,000 Are Laid Off – Fin Min

Romanian Finance Minister Sebastian Vladescu said Wednesday that state employees’ wages might increase by an average 7% in 2011 if 70,000 people are laid off and the state continues to pay a 13th salary.

Pensions In 2011 Won’t Be Reduced Further Following This Year’s 15% Slash – Romanian Fin Min

Romanian Finance Minister Sebastian Vladescu said Wednesday it is unlikely pensions will be further reduced in 2011, after this year’s 15% reduction, adding that the pension level in 2011 will be set through the budget law.

Romanian Intelligence Services, Police, Army Employees Also Targeted By 25% Wage Cut

Romania’s Finance Minister Sebastian Vladescu on Tuesday said the wages of the employees with the Romanian Intelligence Service, the Foreign Intelligence Service, the Protection and Surveillance Service, the Special Telecommunications Service, the Police and the Army will also be reduced by 25%.

Romania Won’t Cut Wages In State-Owned Cos By 25% – Fin Min

Wages of employees in Romania’s state-owned companies won’t be cut 25% as in the rest of the public sector, Finance Minister Sebastian Vladescu said Monday.

Romanian Union Leaders Meet Fin Min Thursday To Discuss Spending Cuts

Leaders of Romania’s large union federations meet Thursday with Finance Minister Sebastian Vladescu to discuss spending cut measures included in Romania’s letter of intent with the International Monetary Fund.

Romania Fin Min: Renegotiation Of Austerity Measures Would Be Wrong

A renegotiation with the International Monetary Fund of the spending cut measures already assumed by the Romanian Government would be wrong, Finance Minister Sebastian Vladescu said Thursday.

Romania To Collect New Taxes To Increase Budget Revenues

Romanian Finance Minister Sebastian Vladescu said the country will apply a 16% tax on income gained from copyright, stock activities, the interest generated by bank deposits, mandate contracts, as well as on authorized individuals, newspaper Gandul reported.

Romanian Union Leader Proposes Gradual Hike In Income Tax Instead Of Wage Cuts

Romania’s Cartel Alfa union confederation head, Bogdan Hossu, proposed to the country’s finance minister, as an alternative to reducing salaries in the public sector, a gradual increase in the income tax and to cease or halt the transfer of funds from the public to the private pension system.

Romania’s Government Arrears Rose To RON1.6-1.7B – Fin Minister

Romania’s Finance Minister Sebastian Vladescu said the state’s arrears rose to 1.6-1.7 billion lei (EUR1= RON4.1276), from RON1.5 billion at the end of 2009, adding that, should the country pay all its 2009 overdue debts, its investment potential would be considerably reduced.

Romania’s Talks With IMF Difficult, Loan Agreement To Continue – Fin Minister

Romanian Finance Minister Sebastian Vladescu said talks with the International Monetary Fund are difficult, given Romania’s economic situation, adding that, at the moment, there is no risk the country might not continue the agreement signed with the international institution.

Romania’s Govt To Cut As Many Jobs As Needed To Make System Function Efficiently – Fin Minister

Romania’s Finance Minister Sebastian Vladescu said Sunday on private television ProTV the Government will cut as many jobs as the system needs to function efficiently, adding layoffs will continue until a proper balance between the public sector and the private sector is achieved.

Romania Fin Min: IMF Forecast On ’10 GDP Growth May Be Optimistic

The International Monetary Fund’s latest forecast on Romania’s economic growth of 0.8% this year, recently revised down from 1.3%, may be too optimistic, the country's Finance Minister Sebastian Vladescu said Tuesday.

Romania Should Have Used BCR Deal To Build Motorways – Fin Min

Romanian Finance Minister Sebastian Vladescu Thursday said the government should have stuck to its plan to use the money from the sale of lender Banca Comerciala Romana (BCR) to build motorways.

Romania Has No Plans To Tax Pensions – Finance Minister

Romania’s Finance Ministry doesn’t plan to tax pensions and it isn’t planning a public debate on the matter, Finance Minister Sebastian Vladescu told MEDIAFAX Monday.

Romania Integrity Agency Finds Fmr Finance Minister Was Incompatible With Public Office

Romania’s National Integrity Agency, which screens politicians’ wealth and interest statements, said Friday former Finance Minister Gheorghe Pogea was incompatible with public office for two months because of his ownership in a commercial company.

Romania’s Budget Has No Funds For Nuclearelectrica Projs – Fin Min

Romania’s 2010 budget does not include funds for projects of state-run nuclear energy producer Nuclearelectrica, and a solution for the future two reactors at Cernavoda power plant is the public-private partnership, Finance Minister Sebastian Vladescu said Wednesday.

Budget Amendments Entailing Additional Budget Expenses Won’t Pass – Romanian Fin Min

Romania’s Finance Minister Sebastian Vladescu said Friday he held no talks on adopting any amendments to the state budget, adding he believes amendments that entail additional budget expenses will not pass.

Romanian Parliament Committees Endorse Proposed Finance Minister

Romania’s Parliament committees for budget and finance Tuesday endorsed proposed Finance Minister Sebastian Vladescu with 36 to two votes.

Romanian PM-Designate Wants Fmr Liberal Vladescu For Finance Minister

Romania’s’ Prime Minster-designate Emil Boc asked former liberal Sebastian Vladescu to be his Cabinet’s finance minister and Vladescu accepted, people familiar with the talk told MEDIAFAX Friday.

IMF/EU Delegation To Visit Romania Next Week – Interim Fin Min

A delegation comprising representatives of the International Monetary Fund and the European Commission is scheduled to arrive in Bucharest early next week to discuss Romania’s draft budget for 2010, Finance Minister Gheorghe Pogea told MEDIAFAX Friday.

Fin Min Admits Romania May Increase VAT Rate In ‘10

Romania may increase the value added tax rate as of next year, from the current 19%, to ensure a budget deficit of 5.9% of the gross domestic product, as agreed with the International Monetary Fund, Finance Minister Gheorghe Pogea said Tuesday.

Romania ’10 Budget Gap Seen At 5.9% Of GDP – Fin Min

Romania’s 2010 budget will be drafted around a deficit envisaged at 5.9% of the gross domestic product, Finance Minister Gheorghe Pogea said Thursday.

Romanian Public Sector Has Highest Number Of Employees In Europe – Union Leader

Head of Romania’s Trade Union Bloc, Dumitru Costin, said Wednesday that 6% of the country’s population is active in the public sector, which places Romania first among European states from this perspective.

Romania Revises Dn GDP Forecast To RON497.3B – Fin Min

Romania has revised its forecast on the gross domestic product growth to 497.3 billion lei (EUR1-RON 4.2088) from RON531 billion, based on an economic contraction of 8%-8.5% in 2009, Finance Minister Gheorghe Pogea said Tuesday.

Fin Min: Romania’s GDP May Contract 8% In ‘09

Romania's finance minister Gheorghe Pogea Thursday said the gross domestic product may fall 8% this year and the forecast of a 4.1% contraction set in the agreement with the International Monetary Fund would be revised.