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11. 03. 10. - 16:00

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11. 03. 10. - 16:00

Boc says companies to benefit from less red tape

Romanian Times

Romanian Prime Minister Emil Boc said today (Thurs) that a series of measures would be taken to cut red tape for companies.

Companies would be allowed to pay the bulk of their debts to the state before penalties, Boc said. He explained that companies had been obliged to pay penalties first and the bulk of their debt later, leading to new penalties.

A measure for a VAT compensation mechanism was under discussion, he said. For example, if the state has to reimburse a company for VAT, the VAT refund and any money the company owed to the state may cancel each other out.

Boc also said a working group would analyse the possibility of cutting the number of fiscal statements required from companies for payment of various taxes and fees. According to the prime minister, companies needed to file 24 such statements each month at present.

Almost half of Romanians live in poverty
Almost half of the Romanians (8.89 millions) are at risk of poverty or social exclusion, according to Eurostat data published today (Weds).

Police carry man off the snow and save his life
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New government with same eight former ministers proposed
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Forty-one dead in freezing weather
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EC report on Justice is positive, minister says
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Pink Martini concerts in Bucharest
American orchestra Pink Martini will give a concert in Bucharest on 26 May at the Palace Hall, part of the promotional tour for their latest album "A Retrospective", local organisers Events said today (Weds).

Romania's industrial output up
Romania's industrial output increased by 15.6 per cent in 2011, the National Statistics Institute (INS) said today (Weds).

Father tried for abusing four-year-old girl
A Romanian father was sent to trial for abusing his stepdaughter, aged only 4, prosecutors said today (Weds).

Pitch in best condition for Steaua-Twente match, authorities say
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More Romanian tourists travel to Austria
The number of Romanian tourists to Austria rose last year, after two years of a decline, Austria's National Tourism Office in Romania announced today (Weds).