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Economy

Why ‘autonomy’ is Romania’s dirtiest word

Whereas the UK’s prime minister, Boris Johnson, has been able to use his own illness and the birth of his sixth or seventh child (nobody appears to know the exact number) as distractions from his government’s appalling handling of the Covid-19 pandemic, Romania – lacking a critically-ill president or prime minister with a pregnant young…

Zoran Zaev is back in charge of North Macedonia

North Macedonia’s parliament has approved a new government led by the country’s former prime minister, Zoran Zaev, ending weeks of political uncertainty that followed an inconclusive general election in July.Mr Zaev, who resigned last year in order to bring about the early election, returns to office at the head of a coalition government that includes…

Romania has EU’s largest ‘VAT Gap’

European Union countries lost an estimated 140 billion euros in Value-Added Tax (VAT) revenues in 2018, according to a new report released by the European Commission on September 10.Though still extremely high, the overall VAT Gap – or the difference between expected revenues in EU member states and the revenues actually collected – has improved…