Fiscal reform in Romania compared to Bulgaria

The Bulgarian tax authorities, which have successfully implemented a modernization program with the support of the World Bank, a program that Romania abandoned after six years of postponements and extensions, have clearly superior results to the domestic tax authorities in terms of increasing collection. Even if the crisis caused by the covid-19 pandemic forced the Ministry of Finance to speed up the digitalization of the fiscal system, the statistical data show that the researchers are still far from the EU average in terms of the degree of tax revenue collection. In this paper the researchers aim to analyze Bulgaria's tax reform and to identify how the neighboring country has managed to increase its tax revenues collected from the state budget so as to provide a model of good practice that can be implemented in the case of Romania's fiscal system, given the fact that our country is among the last in the EU in terms of revenue collection efficiency.

The role of European bank for reconstruction and development in financing Romania's economy before and during COVID-19 pandemic

Since it's inception, the EBRD has been committed to promoting the market economy, private initiative and entrepreneurship. The EBRD provides finances for the banking system, and industrial and commercial companies, regarding new partnerships and but also investing in companies that already are functioning. It also provides finaces for public enterprises. All EBRD projects are made as to meet the client's necesities and according to the economic and financial conditions of the sector, region or country. In this paper we intend to present the EBRD's activity in Romania in the last 3 years but also its strategy for Romania for the present and next period, the period that is and will continue to be marked for a long time by the effects of the covid-19 pandemic.