Tag Archives: Victor Ponta
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Government supports VAT rate cut to 19% this year

Prime Minister Victor Ponta announced on June 21that the Government will support the general VAT rate cut from 24% to 19%, and not to 20% like previously announced. The cut should be applied before January 1, 2016. He also said that the drug prices will go down by 20% starting July 1. Moreover, Romania registers second […]

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Romania’s Government promises to continue its listing program

Romania’s Government will continue its program for the listing of state-owned companies, Prime Minister Victor Ponta said on Monday, October 6, at the opening ceremony of the trading session on Bucharest Stock Exchange. He expressed his hope that next year should be favorable for the listings of some large companies, such as electricity producers Hidroelectrica […]

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Romania’s Government in talks about first high-speed railway

Romania’s Government talked with several Chinese companies about the possibility to build a high-speed railway between Romania’s capital Bucharest and Iasi, which could then be extended to Moldova’s capital Chisinau. Prime Minister Victor Ponta and transport minister Ioan Rus went on a high-speed train from Beijing to Tianjin during their visit to China. On this […]

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Romanian PM appoints new budget minister

Romanian Prime Minister Victor Ponta has named Darius Valcov to replace Liviu Voinea as budget minister. He sent the nomination to President Traian Basescu who already rejected Ponta’s first nominee for this job Claudiu Manda. Basescu has to accept this second nomination. Just like Manda, Valcov is a young politician, 37 years old. He has […]

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Ponta wants Romania to be less dependent on gas imports

Romanian Prime Minister Victor Ponta said that Romania and the Republic of Moldova should restrain their dependence on gas imports. He hopes it will happen in 304 years, after ExxonMobil and Petrom will start explorations in the Black Sea. Ponta recently made a visit on the Ocean Endeavor platform in the Romanian sector of the […]

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