Romanian government meeting
A government meeting on Wednesday is scheduled to look into a draft order on tax amnesty for individuals and companies expected to pay their debts by November 25. Taxpayers would benefit from the move as people would pay just 50 percent of their initial debts. In another move, the government is expected to limit expenses for goods and services while investing in the Budget sector. At the same time, state employments are suspended while the government is expected to get back remaining funds left unspent.
Romania’s BEC moves
At a meeting on Wednesday, the five judges of the High Court of Cassation and Justice (ICCJ), expected to be part of the Central Electoral Offcie (BEC) for the upcoming elections in the Senate and the Chambre of Deputies, will be appointed by drawing lots. The meeting is public while BEC president will be elected by secret vote. A list of candidates is expected by October 2 with an election campaign to start on November 1. Parliament elections are scheduled on December 1, Romania’s National Day.
Romania’s stock market on the rise
Romania’s stock market is seeing one of its biggest gains in Europe, and investors are optimistic as they believe the trend will continue as more companies are expected to list on the stock exchange. In the last month, the BET index, the reference of the local capital market in Romania, made up of the shares of 20 different companies, have seen a return of almost 40% US dollar benefits in the last 12 months – a return of almost 40%, in dollars – the fifth performance among over 90 stock indexes tracked by the Bloomberg agency. Even after its decline in August, the BET index is close to its all-time high, in 13 of the last 15 months, Radio Romania reports.
Alexandru Danga, RADOR
