Fiscal Policies Review, January 22 - 29, 2018
The updated version of the Government Program had mostly to do with postponing, eliminating, or recalculating deadlines. The Economic Code is to come into effect six months after being adopted in Parliament, with the previous deadline of July 1st 2018 being eliminated. While VAT is to drop to 18% (Jan 1st 2019), VAT for agricultural inputs and residential transactions is to drop to 5%. The Sovereign Fund is still on the table (see the calendar on the left), while the updated version presents a new way of raising minimum wages: +RON 100/year until 2020. The deadline for the establishment of the Development and Investment Bank has been eliminated. The Tax on Global Revenue is on the table, however without a deadline. With regards to VAT ceilings, the Program reads: “We will raise the ceiling for VAT payments from RON 220,000 to RON 300,000” (page 29).


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Special Political Report - Proposed Government, January 29, 2018
The Parliament was summoned in an extraordinary session for Monday, January 29, to validate the new Government proposed by PSD-ALDE ruling majority. Proposed Ministers' hearings are to take place from 08:00 to 14:00. Next on the agenda, starting with 15:00, the designated PM is to present the Governing Program 2018-2020 and the list of ministers, followed by debates and the investiture vote in the joint plenum. 


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Progress Report on the Priorities of the European Commission, January 17 - 25, 2018
PSD’s Executive Council (CEx) convened on Monday, January 22 (16:00) to agree on the list of ministers in the newly appointed Dăncilă Cabinet. Political sources told Agerpres news agency that the structure of the Government would not be changed. ALDE announced they are to keep the same portfolios (Foreign Affairs, Environment, Energy and Parliamentary Relations). Sources also said ALDE is going to keep the same Ministers in the future Cabinet, and will also politically endorse Tudorel Toader as JustMin. ALDE postponed the validation of the Ministers for Friday, January 26, PSD confirming that the last talks and the announcement of the new Cabinet are going to be made at the end of the week.


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Weekly Political Report, January 17 - 22, 2018
PSD’s Executive Council (CEx) convened on Monday, January 22 (16:00) to agree on the list of ministers in the newly appointed Dăncilă Cabinet. Political sources told Agerpres news agency that the structure of the Government would not be changed. ALDE announced they are to keep the same portfolios (Foreign Affairs, Environment, Energy and Parliamentary Relations). Sources also said ALDE is going to keep the same Ministers in the future Cabinet, and will also politically endorse Tudorel Toader as JustMin. ALDE postponed the validation of the Ministers for Friday, January 26.  There is a fair chance that SocDems do not announce the new Cabinet on Monday, January 22, but postpone the announcement for the second part of the week. News.ro quoted PSD Tulcea president Horia Teodorescu saying that SocDems could not agree on several Ministries, and that they are to meet once more on Friday (January 26) for a final talk on the new Cabinet.   The Parliament is scheduled to convene in an extraordinary session on Monday, January 29. If PSD-ALDE agree on the list of ministers by the end of this week, the new Cabinet goes in Parliament for the confidence vote. Given PSD-ALDE’s majority in Parliament, Ministers will most likely have a clear path during the hearings, which are likely to be fast-tracked by the coalition MPs.


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Progress Report on Fiscal Policies January 16 - 22, 2018
Monday, January 22, the Senate published a press release informing that on January 23, FinMin Mișa and ANAF's Mirela Călugăreanu, together with representatives from the Coalition for Romania’s Development, Romania’s Chamber of Commerce and Industries and the National Council for SMEs, debate the impact of GEO 116/2017 and ANAF order no. 4140/2017 (Form 600). The discussion will take place within the Senate’s Committee for Economy.   PNL Senator Daniel Zamfir, member of the Senate’s Committee for Economy, stated on social media that he submitted a formal request for FinMin Mișa and ANAF president Mirela Călugăreanu to be questioned by the Committee, in regards to Form 600 and GEO 116/2017, which offers incentives for ANAF’s employees (15% of recouped sums).  


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