Romania To Postpone Capital Hike Requirements for Private Pension Funds until May 31
03.27.2019
Romania's government will postpone until May 31 the enforcing of new share capital requirements for administrators of mandatory private pension funds, known as Pillar II, according to a draft emergency decree published by the finance ministry late Tuesday.
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Government to Postpone Bill Doubling Child Allowances 01.10.2020
Romanian Prime Minister Ludovic Orban announced on Friday that the government will postpone the coming into force of a law that woudl double child... more
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Finance Minister Pledges to Raise Private Pension Contributions to 6% in 2021 01.08.2020
Romania's government will raise contributions to mandatory private pensions (Pillar II) to reach 6% of contributors' gross wage from the current... more
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Romanian President Signs 2020 Budget Bill into Law 01.06.2020
Romanian President Klaus Iohannis signed on Monday a decree enacting the country’s 2020 budget law, according to the Presidential Administration. more
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Finance Minister To Propose Tax Agency Digitalization As Objective of National Importance 01.03.2020
Romanian Finance Minister Florin Citu announced on Friday that we will file the necessary paperwork to propose the digitalization of national tax... more
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Romania's Budget Gap Widens to 3.56% of GDP in Jan-Nov 12.30.2019
Romania's general consolidated budget posted a deficit of RON37.05 billion, or 3.56% of the gross domestic product, finance ministry data showed... more
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Romanian Government Takes Responsibility for 2020 State Budget Bill 12.23.2019
Romania's Government on Monday took responsibility before parliament to fast-track the adoption of the 2020 state budget bill. more
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Romanian Government Repeals Split VAT Mechanism 12.23.2019
Romania's liberal government has repealed via emergency decree the split VAT mechanism that obliged companies to have separate, blocked accounts... more
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Parliament Passes Bill Doubling Child Allowances 12.19.2019
Romania’s Lower Chamber adopted on Wednesday, as a deciding body, a bill which doubles the allowances of children aged 2-18 and also those of... more
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Government to Take Responsibility for State Budget Bill 12.18.2019
Romania's liberal government will take responsibility before Parliament for the adoption of the 2020 state budget bill and changes to the tax... more
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Eurostat: Index For Agricultural Labour Productivity In Romania Falls 1.8% In 2019 12.17.2019
The index for agricultural labour productivity is estimated to have increased slightly for the European Union in 2019 (+2%), following a decline in... more
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Romania Drafts 2020 Budget on 3.59% Deficit, 4.1% GDP Growth 12.17.2019
Romania's 2020 state budget will be based on a gross domestic product of RON1.129 trillion, a projected economic growth of 4.1% and a deficit of... more
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Romanian Government Allots Over RON900M to Unfreeze National Air Traffic Controller Income 12.13.2019
Romania’s government decided in its cabinet meeting on Friday to allot RON912.5 million from its budget reserve fund in order to pay an executory... more
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Private Pension Funds in Romania Had Assets of RON61.53B End-September 12.13.2019
The assets managed by private pension funds (Pillar II and Pillar III) reached RON61.53 billion (EUR12.95 billion) after the first nine months of... more
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Romania Seeks to Drop Extra Capital Requirements for Private Pension Funds 12.13.2019
Romania's liberal government will eliminate additional capital requirements imposed on private pension fund administrators by the previous Cabinet,... more
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Romania's Government Sees 2020 Budget Deficit at 3.6% on Higher Revenues, Lower Spending 12.12.2019
Romania's 2020 budget includes total spending of RON399.22 billion (35.4% of GDP), revenues of RON358.59 billion (31.8% of GDP) and a cash deficit... more
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Labor Ministry Launches Bill Increasing Minimum Wage Into Public Debate 12.05.2019
Romania’s Labor Ministry published on Wednesday, for purposes of public debate. a draft bill which increases the country’s monthly gross... more
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Parliament Passes Bill Eliminating Fuel, Part-Time Contracts Overtaxes 12.05.2019
Romania’s Lower Chamber adopted on Wednesday, as a deciding body, a bill which eliminates overtaxes for fuel and part-time contracts from the... more
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Romania PM Assures 2020 State Budget Will Be Ready By 15 December Deadline 12.03.2019
Romanian PM Ludovic Orban on Tuesday gave assurances the country’s 2020 state budget will be ready until the December 15 deadline, saying it... more
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Romania Registers Drops In All PISA Test Scores 12.03.2019
Romania has registered its lowest scores in the past decade in the PISA test published on Tuesday, which measures the performance of 15-year old... more
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Government to Repeal Part of Controversial Tax Bill 12.02.2019
Romania's liberal government will fast-track a bill to repeal several provisions of a controversial tax bill adopted by the previous... more
Buyout investor Mid Europa Partners, of the most active financial investors in Romania over the last few years, has decided to put on
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Timisoara Centrum, a mall project valued at EUR90 million and announced by Alpha Group Investments and Ali Ergun Ergen in the spring of
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Mandatory private pension funds in Romania (Pillar II) had an average yield of 11.8% in 2019, the highest in the past nine years, the
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The most important international brands worldwide are already present in Romania where they get tens, hundreds of millions or even
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German retailer Kaufland, leader on the Romanian food trade sector with annual sales of over RON10 billion (EUR2.2 billion), will be
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Banca Transilvania, Romania's largest lender by assets, plans to acquire 100% of the share capital of Microinvest, which specializes in
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Romania's annual inflation rate climbed to 4% in December 2019 from 3.8% in November, data from the country's statistics board showed
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International rating agency Moody's expects Romania to record one of the highest inflation rates in Central and Eastern Europe (CEE),
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Romanian Banks Do Better Than EU Banks By Solvency, Profitability But Not Asset Quality
Romania’s banking system has better prudentiality, solvency, profitability and balance sheet structure indicators than the European average.
