Comrade Teodorovich

Less than a year ago, the ruling coalition decided to replace their existing Minister of Finance with an old PSD party stalwart named Eugen Teodorovici. On the surface, it seemed to make sense. Eugen studied economics in Bucharest and had previously served as the Finance Minister under Ponta, although he was pretty forgettable in that…

Rotten to the Core

If you’re like me then there’s nothing more fun than browsing through lengthy European Union documents on taxation on a Sunday morning. But yes, that’s what I was doing, all because of a report in Gandul (link in Romanian) about how this country’s excise taxes are spent. In short, Romania collects about 1.5 billion lei…