Expats

Romanian Inflation Slows for First Time Since June on Weakening Demand [Dec 10, 2010] Romania?s inflation rate dropped in November for the first time in five months as weaker demand partly offset the effects of a 5 percentage-point increase in the value-added tax from July. [via YahooNews] More >>

Romanian Inflation Quickens to 7.9% as VAT Boosts Prices for Fourth Month [Nov 10, 2010] Romania?s inflation rate rose for a fourth consecutive month in October as the lingering effects of a 5 percentage-point increase in the value-added tax pushed prices higher throughout the economy. [via YahooNews] More >>

Romanian September Inflation Rate Increased More Than Expected to 7.8% [Oct 11, 2010] The Romanian inflation rate in September rose more than economists expected to the fastest pace in more than two years as food and services prices increased after the government raised the value-added tax . [via YahooNews] More >>

Romanian Producer Prices Rose 6.7% on the Year in August on Tax Increase [Oct 04, 2010] Romanian producer prices grew in August after the government increased the value-added tax by 5 percentage points to meet the terms of an international bailout loan. [via YahooNews] More >>

Romanian Central Bank Holds Benchmark Interest Rate Unchanged at 6.25% [Sep 29, 2010] Romania?s central bank left its main interest rate unchanged for a third straight meeting today as inflation triggered by a value-added tax increase prevented policy makers from acting to combat the lingering recession. [via YahooNews] More >>

Romania July Retail Sales Decline [Sep 03, 2010] (RTTNews) - Romania's retail sales dropped in July after the government raised the value added tax at the start of the month. Retail sales excluding automobile trade fell an unadjusted 6.5% from June, the National Institute of Statistics said Friday. Sales grew 6.8% in the previous month. [via YahooNews] More >>

Romania July Retail Sales Decline [Sep 03, 2010] Romania's retail sales dropped in July after the government raised the value added tax at the start of the month. [via YahooNews] More >>

Romanian Retail Sales Fall 8.6% From Year Earlier on Higher VAT, Wage Cuts [Sep 03, 2010] Romanian retail sales declined in July as an increase in the value-added tax and a reduction in public wages stifled domestic demand. [via YahooNews] More >>

Romanian inflation soars on VAT hike [Aug 11, 2010] Bucharest- Romania's inflation rate hit 7.1 per cent in July, rising nearly 2.6 per cent over the previous month, after a hike in the value-added tax (VAT), the National Statistical Institute INS said Wednesday. [via YahooNews] More >>

Romania Inflation Surges On VAT Rise [Aug 11, 2010] Romania's consumer price measure of inflation surged ahead in July after the government raised the value added tax to 24%, official data showed on Wednesday. [via YahooNews] More >>

Romanian Inflation Accelerates to Fastest Pace in Two Years on VAT Rise [Aug 11, 2010] Romanian inflation accelerated in July to the fastest pace in almost two years after the government increased the value-added tax by 5 percentage points to meet international bailout conditions. [via YahooNews] More >>

Romanian Central Bank Holds Key Interest Rate for Second Time on Inflation [Aug 04, 2010] Romanias central bank left the main interest rate unchanged for the second meeting in a row as policy makers assess the impact of an increase in value-added tax on inflation. [via YahooNews] More >>

Romanian Central Bank Leaves Benchmark Interest Rate Unchanged at 6.25% [Jun 30, 2010] Romanias central bank left its main interest rate unchanged to keep inflation in check after the government increased the countrys value-added tax by 5 percentage points. [via YahooNews] More >>

(AFX UK Focus) 2010-06-28 09:06 UPDATE 1-IMF may delay Romania talks until early July [Jun 28, 2010] BUCHAREST, June 28 (Reuters) - The board of the International Monetary Fund might delay talks on Romania's 20 billion euros aid package until early July, the country's representative to the Fund was quoted on Monday as saying. The centrist coalition government plans to raise value-added tax by 5 percentage points to 24 percent on July 1 and said at the weekend the IMF Board would discuss its 20 ... [via YahooNews] More >>

Romania raises VAT 5pc to secure IMF aid [Jun 26, 2010] BUCHAREST, June 26 Romania will raise value added tax by 5 percentage points to 24 per cent on July 1 and should receive vital IMF aid by the following day, the government said today. The hike, which replaces planned pension cuts the top court rejected yesterday, should lead the International Monetary Fund to approve disbursement of two billion ... [via YahooNews] More >>

Business : Romania to hike VAT to 24%, IMF to meet June 30 [Jun 26, 2010] BUCHAREST - Romanias centrist coalition government will hike value added tax by 5 percentage points to 24 percent as of July 1, moving to unlock a 20 billion euros IMF-led aid package, Prime Minister Emil Boc said on Saturday. [via YahooNews] More >>

Romania to Raise Value-Added Tax to Meet IMF-Imposed Budget Deficit Goal [Jun 26, 2010] Romania will raise the value-added tax to 24 percent from 19 percent to plug a budget hole after a court threw out its plan to cut pensions by 15 percent and meet an International Monetary Fund-mandated budget-deficit target. [via YahooNews] More >>

(AFX UK Focus) 2010-06-26 11:34 Romania govt to raise VAT to 24 pct-govt source [Jun 26, 2010] BUCHAREST, June 26 (Reuters) - Romania's centrist coalition government decided on Saturday to raise its value added tax to 24 percent from 19 percent in a move to address its large budget deficit and keep IMF-led aid alive, a cabinet source said. The source also said the government will maintain its flat tax on income and profit at 16 percent. The VAT hike comes one day after the European Union ... [via YahooNews] More >>