Medium and large companies will submit their fiscal declarations for October online only, according to Romania's Fiscal Agency ANAF. The National Electronic System will allow tax payers to submit declarations 100, 101, 102, 120, 130, 300, 301, 390 and 710 from November 25. Find out where companies should submit those.

The International Monetary Fund and the Romanian authorities have already agreed on next year's budget parameters, Jeffey Franks, head of the IMF mission to Bucharest, said Wednesday. The 2011 budget must be adjusted according to necessities, said Franks when asked by journalists about his view on the parliament's decisions to cut the value added tax level for staple food and to lift the income tax on small pensions.

Romanians buy less than last year but several products stay at the top of the shopping list, such as water, medicine, sweets, coffee, according to Daedalus Group. Around 60 percent of Romanians have said they buy less this year than they did last year.

Romania’s potential new financing agreement with the International Monetary Fund will also include a loan accord with the European Commission, similar to the one signed in 2009, Romanian representative to the IMF, Mihai Tanasescu, said Thursday.

A Chinese – Romanian public- private partnership will fuel the development of a EUR 500 million production units for cellulose and paper at the Somes Dej factory in Cluj – Napoca county. Chinese company Avic International Holding will partner SCR Romania, the majority shareholder in Somes SA Dej. The Romanian company will have to invest EUR 150 million into the project.

Telecom company Cosmote Romania's roaming voice traffic tripled during the period May – August 2010 compared to the same period of last year, while the data traffic grew five-fold during the same period, the company has announced. Cosmote users traveled to Italy, Germany, Bulgaria, Greece and Spain.

Romanian authorities and representatives of the International Monetary Fund discussed Thursday about the privatization of Oltchim and Cuprumin, as well as stake sales in other state-owned energy companies, according to the Economy Ministry. The meeting included talks on company activity optimization, which would include stake sales, reorganization in view of privatization and the recapitalization of several companies, by drawing investment.

Medium and large companies will submit their fiscal declarations for October online only, according to Romania's Fiscal Agency ANAF. The National Electronic System will allow tax payers to submit declarations 100, 101, 102, 120, 130, 300, 301, 390 and 710 from November 25. Find out where companies should submit those.

Romania's economic evolution as reflected in numbers looks good for the time being, but the International Monetary Fund is only at the beginning of its analysis on Romania, said Jeffrey Franks (in picture, right), head of the IMF mission for Romania. An IMF delegation is in Romania to review the country's economic evolution. Franks and his team started meetings at the Labor Ministry this morning.

(Update adds details about the ruling party's declaration about the vote on the VAT reduction in the last paragraph.) Romania’s Chamber of Deputies adopted Tuesday a bill setting the value added tax on basic foods, such as bread, milk, meat, sugar and vegetable oil, at 5% instead of 24%.

Medium and large companies will submit their fiscal declarations for October online only, according to Romania's Fiscal Agency ANAF. The National Electronic System will allow tax payers to submit declarations 100, 101, 102, 120, 130, 300, 301, 390 and 710 from November 25. Find out where companies should submit those.

The International Monetary Fund and the Romanian authorities have already agreed on next year's budget parameters, Jeffey Franks, head of the IMF mission to Bucharest, said Wednesday. The 2011 budget must be adjusted according to necessities, said Franks when asked by journalists about his view on the parliament's decisions to cut the value added tax level for staple food and to lift the income tax on small pensions.

Romanians buy less than last year but several products stay at the top of the shopping list, such as water, medicine, sweets, coffee, according to Daedalus Group. Around 60 percent of Romanians have said they buy less this year than they did last year.

Romania’s potential new financing agreement with the International Monetary Fund will also include a loan accord with the European Commission, similar to the one signed in 2009, Romanian representative to the IMF, Mihai Tanasescu, said Thursday.

A Chinese – Romanian public- private partnership will fuel the development of a EUR 500 million production units for cellulose and paper at the Somes Dej factory in Cluj – Napoca county. Chinese company Avic International Holding will partner SCR Romania, the majority shareholder in Somes SA Dej. The Romanian company will have to invest EUR 150 million into the project.

Telecom company Cosmote Romania's roaming voice traffic tripled during the period May – August 2010 compared to the same period of last year, while the data traffic grew five-fold during the same period, the company has announced. Cosmote users traveled to Italy, Germany, Bulgaria, Greece and Spain.

Romanian authorities and representatives of the International Monetary Fund discussed Thursday about the privatization of Oltchim and Cuprumin, as well as stake sales in other state-owned energy companies, according to the Economy Ministry. The meeting included talks on company activity optimization, which would include stake sales, reorganization in view of privatization and the recapitalization of several companies, by drawing investment.

Medium and large companies will submit their fiscal declarations for October online only, according to Romania's Fiscal Agency ANAF. The National Electronic System will allow tax payers to submit declarations 100, 101, 102, 120, 130, 300, 301, 390 and 710 from November 25. Find out where companies should submit those.

Romania's economic evolution as reflected in numbers looks good for the time being, but the International Monetary Fund is only at the beginning of its analysis on Romania, said Jeffrey Franks (in picture, right), head of the IMF mission for Romania. An IMF delegation is in Romania to review the country's economic evolution. Franks and his team started meetings at the Labor Ministry this morning.

(Update adds details about the ruling party's declaration about the vote on the VAT reduction in the last paragraph.) Romania’s Chamber of Deputies adopted Tuesday a bill setting the value added tax on basic foods, such as bread, milk, meat, sugar and vegetable oil, at 5% instead of 24%.