The Romanian Senate recently approved cutting the social security tax (CAS) paid by Romanian companies on behalf of their employees by 5 percentage points. This measure, which was intensely promoted by the Government led by Victor Ponta, will be effective starting October 1, 2014. It steel needs to pass the vote in the Chamber of Deputies. The social security tax cut, which the Government wanted to implement by July 1 this year, was the main disagreement topic between Romanian authorities and the International Monetary Fund (IMF) delegation to Bucharest. However, the tax cut was welcomed by the local business community.
Alina Gorghiu wins the race for the old PNL leadership: she will co-chair the new PNL with Vasile Blaga
PNL’s BPN has started with party’s leadership at stake: Gorghiu came to win a vote, Orban more committed than ever to run
Last European Council meeting for Traian Basescu: Romania’s incumbent President bids farewell from the European leaders
Ponta: Romania could negotiate a new agreement with the IMF after the current stand-by agreement expires in 2015
Surprise in the games for the PNL’s leadership: Iohannis backs Alina Gorghiu, Atanasiu withdraws from the race
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