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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Romania's Government Collapses in No-Confidence Vote 10.10.2019
Romania's social-democrat government has been toppled in a no-confidence vote Thursday, as 238 lawmakers voted to dismiss Viorica Dancila's Cabinet. more
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New Central Bank Board Takes Over Friday 10.10.2019
Romania' central bank gets a new board starting Friday, for a period of five years, whose goal will be euro adoption. more
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World Bank Raises Romania's GDP Growth Forecast to 4.2% in 2019 10.09.2019
The World Bank has raised its economic growth projection for Romania to 4.2% in 2019, from its April forecast of 3.6%, and to 3.6% for 2020, from a... more
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Leonardo Badea Resigns as President of Financial Watchdog for Central Bank Job 10.09.2019
Leonardo Badea has resigned from his position of president of the financial supervision authority ASF, effective October 11, 2019, to take on a new... more
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City Hall Needs 425 Years to Make Bucharest Buildings Earthquake-Proof 10.08.2019
Romania's capital Bucharest has 2,550 buildings at risk of collapse in case of earthquake and, at the current pace of consolidation works, it would... more
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EIB Lends Over EUR21M For Thermal Rehabilitation Of Buildings in Bucharest’s Sector 2 10.07.2019
The European Investment Bank (EIB) has agreed to lend EUR21.1 million, the first tranche of an approved EIB loan of EUR63.6 million, for financing... more
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Romania Private Pension Funds Had Assets of RON57.43B in 1H/2019 10.07.2019
The assets managed by private pension funds (Pillar II and Pillar III) reached RON57.43 billion (EUR12.13 billion) in the first half of 2019, from... more
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Bucharest Metro Mainline 2 To Get Extension on Southern End 10.01.2019
Romania's transport ministry, metro operator Metrorex and Bucharest's sector 4 city hall signed a protocol Tuesday regarding the construction of a... more
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Romanian Energy Regulator Seeks to Halt Gas Price Cap To Appease EU 09.03.2019
Romania's energy regulator ANRE has proposed to cut short the period during which household consumers get domestic natural gas at capped prices to... more
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Fitch: Romanian Politics Could Complicate Economic Policy; Deficit Seen at 3.4% of GDP 09.03.2019
The break-up of Romania's governing coalition increases political uncertainty ahead of a busy electoral calendar and amid a backdrop of rising... more
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CIECH Soda Romania Halts Production, Starts Voluntary Layoff Program
09.03.2019
Ciech Soda Romania, part of Polish group Ciech, has started a voluntary layoff program at the soda factory in Ramnicu Valcea after failing to reach... more
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Romania Spent Only 25% of EU Funds Allocated for Large Infrastructure Projects 09.03.2019
Romania absorbed only 25% of the funds allocated by the European Union for major infrastructure projects. The biggest infrastructure projects... more
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Nadeem Ilahi to Oversee IMF Offices in Romania and Bulgaria 08.29.2019
Romania and Bulgaria will be coordinated as of September 1, 2019 by the International Monetary Fund Regional Office for Central, Eastern and... more
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Government Drafts Bill Changing Subsidized Mortgage Lending Program 08.23.2019
Romania's finance ministry has drafted a bill changing the state-subsidized mortgage lending program to benefit families with or without children,... more
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GfK: Purchasing Power in Romania Grows, Regional Gaps Widen 08.21.2019
Purchasing power in Romania grew 18% in 2018, to EUR5,083, from EUR4,556 in 2017 and EUR4,181 in 2016 but gaps between counties have widened, a... more
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Romanian Government Approves First Budget Revision This Year 08.12.2019
Romania’s Government on Monday approved this year's first budget revision, government representatives confirmed for MEDIAFAX. more
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Fiscal Council Warns Budget Deficit Could Reach 3.7% of GDP 08.08.2019
Romania's Fiscal Council said Thursday in its stance on the government's proposed budget revision the deficit could reach 3.4-3.7% of gross... more
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Oracle Romania CEO Under Judicial Control on Corruption Allegations 08.08.2019
Romanian anticorruption prosecutors have placed Oracle Romania CEO Sorin Mindrutescu under judicial control and set bail at EUR500,000 on bribe... more
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Anticorruption Prosecutors Raid Oracle Romania Headquarters – Sources 08.08.2019
Prosecutors from Romania’s National Anticorruption Directorate (DNA) carried out searches at the northern Bucharest headquarters of the Romanian... more
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Budget Revision Draft Raises Revenues and Spending, Keeps Deficit Target at 2.76% of GDP 08.06.2019
Romania's finance ministry on Tuesday released its proposed state budget revision draft, which raises expected revenues by RON3.75 billion,... more
Private healthcare network Regina Maria has been put up for sale by its owner, Polish buyout investor Mid Europa Partners. The deal
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Romania's government will lower the tax on banks' financial assets and decouple it from money market rates, according to a draft
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Romania's government will postpone until May 31 the enforcing of new share capital requirements for administrators of mandatory private
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Nuclear power company Nuclearelectrica (SNN.RO) on Tuesday concluded a framework agreement with General Electric Global Services GMBH /
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Low-cost airline Blue Air has signed a new bilateral interline agreement with state-run airline TAROM.
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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,
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Financial analysts’ confidence in Romania’s economy perked up in February compared with January but is still below the level
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Molson Coors Global Business Services (GBS), the services center of Canadian group Molson Coors which owns brewer Bergenbier in
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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.
