Central Bank Official: Romania Has Highest Income Inequality Among Workers, In The EU
09.19.2017
Romania has the highest income inequality between the minimum and maximum income earned by employed people, among European Union member states, said Romania's central bank chief economist Valentin Lazea, adding this gap is high „in flat tax countries”.
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Transelectrica Considers Borrowing Money to Pay Dividends to Romanian Government 09.20.2017
Romanian state-run power grid operator Transelectrica might have to borrow money to pay special dividends of RON170.79 million as the government,... more
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Finance Minister Says Employers Will be Forced to Freeze Gross Wages 09.19.2017
Romania's finance minister Ionuţ Misa said Tuesday the government plans to “freeze” gross wages temporarily, while it transfers payments due... more
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97.5% of SMEs Expect Split VAT Will Hurt Their Business 09.18.2017
A split VAT payment system and tax authorities' inability to manage it on a national level will prompt financial blockages and higher financing... more
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Romanian Government Approves Draft Budget Revision 09.13.2017
The Romanian Government on Wednesday approved the draft budget revision, after the country registered economic growth of 5.8% in the first half of... more
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President Iohannis Signs Decrees Appointing Fifor And Simon As Defence And Economy Ministers 09.12.2017
Romania’s President Klaus Ioannis on Tuesday signed the decrees appointing Mihai Fifor and Gheorghe Simon as Defence and Economy ministers,... more
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Romania To Raise Funds for Most Ministries At Budget Revision 09.08.2017
Romania's government will have a positive budget reversion, with additional funds for most ministries, due to better than expected economic growth,... more
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Timisoara City Hall Orders Feasibility Study for EUR15M Aqua-Park 09.08.2017
The western Romanian city of Timisoara wants to build an aqua-park for EUR10-15 million and will order a feasibility study soon, mayor Nicolae Robu... more
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EP Study: 40% Of Romania’s Farmland Held By Foreign Investors 09.08.2017
Nearly 40% of farmland in Romania belongs to foreign investors, according to a study carried out by the European Parliament in 2015. Most foreign... more
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PM Says Pension Pillar II Might Become Optional 09.07.2017
Romanian Prime Minister Mihai Tudose announced Thursday on Digi 24 that pension pillar II won't be nationalized but might become optional as of 2018. more
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Romanian Government To Revise Budget by End-September 09.06.2017
Romania's government will revise the state budget by the end of September, the finance ministry said in a statement Wednesday. more
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SME Council: Planned Fuel Excise Hikes Might Affect SMEs Competitiveness 09.04.2017
Romania’s National Council of Romanian Small and Medium-sized Enterprises, or CNIPMMR, on Monday said the planned increase in excise duties on... more
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Romanian PM Denies Plans to Tax Bank Assets 08.31.2017
Romanian Prime Minister Mihai Tudose denied plans to introduce a tax on bank assets, after an opposition senator said the government was planning... more
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Foreign Investors Council Criticizes Split VAT 08.31.2017
The Foreign Investors Council (FIC) criticized the government's plan to impose separate payment accounts for value-added tax as of January 1, 2018... more
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Romania To Raise Fuel Excises By RON0.32/Liter, In Two Stages, Minister Says 08.30.2017
Excise duties on gasoline and diesel gas will be raised by RON0.16 per liter each, in two stages, as of September 15 and October 1, Romania’s... more
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PM's Comments On Banks Are Inappropriate, Says Central Bank Adviser 08.30.2017
Adrian Vasilescu, adviser to Romania’s central bank governor, said on Wednesday that Prime Minister Mihai Tudose’s statement on banks was... more
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Opposition Senator Says Govt Plans to Tax Assets of Banking, Finance Companies 08.30.2017
The Romanian government is planning a new tax on assets in the banking and finance sector, liberal senator Florin Citu, member of the... more
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Aerostar Bacau To Ensure F-16 Fighter Jet Maintenance 08.30.2017
Romanian aircraft construction and repair firm Aerostar Bacau will host a maintenance center for F-16 fighter jets, people close to the matter said... more
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Romania, US Lockheed Martin Sign Technology Transfer Agreement for F-16 Fighter Jets 08.30.2017
Romanian Prime Minister Mihai Tudose and vice-president of US aerospace and defense company Lockheed Martin, Jonathan Hoyle, signed an agreement... more
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Romanian Private Pension Fund Association Calls For Meeting With PM 08.25.2017
Romania's association for private pensions has called for a meeting with Prime Minister Mihai Tudose to discuss the government's analysis of state... more
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Romania To Raise Fuel Excises This Fall - PM 08.25.2017
Romanian Prime Minister Mihai Tudose said Friday excises on fuel will be raised this fall and the government plans to raise royalties if pump... more
Romania is going through a favorable time for its economy, for business, customers are better prepared but we must not let ourselves be
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BRD-Groupe Société Générale and UniCredit Bank is granting a syndicated loan worth over EUR177 million to pharmaceutical group A&D
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Nearly half (49%) of Romanian entrepreneurs said they started their own business to feel more secure about their own future, according
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The modern logistic and industrial space stock in Bucharest grew nearly ten times in the past 13 years, to nearly 1.2 million square
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OMV Petrom, the largest oil and gas producer in Southeastern Europe, on Wednesday said it invested nearly EUR5 million in modernizing
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BT Capital Partners, a top five broker in Romania, has been entrusted with the listing of the Globalworth bonds on the Bucharest Stock
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US company Timken opened a new bearing factory in Romania Tuesday, near Ploiesti, following an investment of $60 million.
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South-African investment fund New Europe Property Investment (NEP.RO), the largest player on the Romanian real estate market, has
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28% of Romanian employers plan to add to their payrolls in the July – September 2017 timeframe, according to the Q3 edition of the
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Brisegroup, one of the largest grain traders and farm input wholesalers in Romania, plans to invest EUR7 million in the completion of a
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Continental, one of the world’s largest car parts manufacturers, said it plans to increase the number of employees in Romania, by
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Banks Get EUR600M on Lower Reserve Ratios But Loan Interests Could Rise
Banks have around EUR600 million following the central bank's cutting of required ratios on foreign currency liabilities by two percentage points, but interests on loans could rise following international trends, despite higher market liquidity.
