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.
-
Bucharest Main Train Station To Be Modernized Ahead of EURO 2020 06.14.2019
The main train station in capital Bucharest will be modernized ahead of the 2020 European football championship with more ample works to follow,... more
-
EC: Romania Ranks Last In EU Regarding Research And Innovation Spending 06.14.2019
European Commission official Aurora Mordonu on Friday said Romania ranks last in the European Union regarding expenses in the field of research and... more
-
Government Signs Contract for Bucharest Train Station-Airport Railway 06.11.2019
Romania's government on Tuesday signed a contract for the design an execution of a railway line connecting Bucharest's main train station to the... more
-
IMF Warns of Rising Macroeconomic Imbalances in Romania 06.07.2019
Consumption-led growth has remained strong in Romania, raising people’s incomes toward those in advanced Europe, but macroeconomic imbalances... more
-
European Commission Launches Three Infringement Procedures Against Romania 06.06.2019
The European Commission decided on Thursday to launch three formal infringement procedures against Romania for not implementing EU legislation, in... more
-
Government Changes First Home Program, Introduces Fixed Interest on Mortgage Loans 06.04.2019
Romania's government backed mortgage lending program for first time homebuyers will be changed as of late June under a draft emergency government... more
-
Finance Ministry Continues Household Bond Program in June 06.03.2019
Romania's finance ministry will continue its household bond program in June with interests of up to 5%, it said in a press release Monday. more
-
Government Lowers Capital Hike Requirements for Private Pension Fund Admins 05.30.2019
Romania's government has lowered share capital hike requirements for mandatory private pension funds (Pillar II) introduced through a controversial... more
-
Government Replaces ROBOR with New Reference Index for State-Sponsored Lending Programs 05.30.2019
Romania's government on Thursday adopted a draft decree replacing the reference index used to calculate variable interests on state-sponsored... more
-
Romanian Liberals Win European Parliament Election Amid Record Turnout 05.27.2019
Romania’s Liberal Party won the largest score in the European Parliament elections on Sunday, as the country’s ruling coalition slumped to... more
-
Isarescu Warns New Loan Reference Index Won't Work Miracles 05.15.2019
The new reference index for consumer loans, introduced in May, shouldn't be regarded as a miracle that will bring justice to everyone because the... more
-
Romanian Government Adopts Decree Reducing VAT for Organic, Traditional Foods 05.15.2019
The Romanian government adopted on Tuesday an emergency decree which reduces the value-added tax rate from 9% to 5% for organic, traditional, and... more
-
Nuclearelectrica Denies Additional Dividends to Romanian Government 05.13.2019
Romania's state-owned nuclear power producer Nuclearelectrica (SNN.RO) said Monday it was not in a position to pay the government additional... more
-
Romania To Restore Casino in Constanta for RON111M 05.10.2019
Romania's government has announced it will start consolidation and restoration works on the historical Casino building on the boardwalk in... more
-
Romania, Chinese Investors Sign Preliminary Agreement to Build Nuclear Units 3, 4 in Cernavoda 05.08.2019
Romania's nuclear power producer Nuclearelectrica (SNN.RO), operator of the power plant in Cernavoda, China General Nuclear Power Corporation and... more
-
Forecast Commission Sees GDP Growth of 5.5% in 2019, to RON1.03 Trillion 05.07.2019
Romania's economy is seen growing 5.5% this year, to a gross domestic product of RON1.03 trillion, according to the spring forecast release Tuesday... more
-
Romanian Senate Tacitly Adopts Bills Replacing Consumer Loan Reference Index 05.07.2019
The Romanian Senate has adopted tacitly, without debate, a bill approving the government emergency decree that replaces the reference index on... more
-
Government Claims 35% of Nuclearelectrica's Reserves 05.03.2019
The Romanian government has required state-owned nuclear power company Nuclearelectrica to give it 35% of the amounts set as other reserves either... more
-
Central Bank Deputy Governor Liviu Voinea Appointed Romania's Representative to the IMF 05.02.2019
Romania's central bank deputy governor Liviu Voinea has been appointed the country's representative to the International Monetary Fund and will... more
-
Public Sector Salary Spending Doubled in Four Years 04.26.2019
Public sector personnel spending reached 15.7 billion lei (EUR3.3 billion). At the current increase rate, the public sector salaries will reach... more
Private healthcare network Regina Maria has been put up for sale by its owner, Polish buyout investor Mid Europa Partners. The deal
more
Romania's government will lower the tax on banks' financial assets and decouple it from money market rates, according to a draft
more
Romania's government will postpone until May 31 the enforcing of new share capital requirements for administrators of mandatory private
more
Nuclear power company Nuclearelectrica (SNN.RO) on Tuesday concluded a framework agreement with General Electric Global Services GMBH /
more
Low-cost airline Blue Air has signed a new bilateral interline agreement with state-run airline TAROM.
more
The number of tourists in Romania grew 6.7% in 2018 and the turnover generated by the hotel industry is estimated at EUR1.2 billion,
more
Financial analysts’ confidence in Romania’s economy perked up in February compared with January but is still below the level
more
Molson Coors Global Business Services (GBS), the services center of Canadian group Molson Coors which owns brewer Bergenbier in
moreAnalysis
Central Bank: Banking Sector Has Limited Capacity to Sustain Current Profitability Long Term
The Romanian banking sector, which consists of 35 banks, in its present structure has a limited capacity to sustain the recent profitability over the long term, the central bank said in a report.
