EC Country Report: Romania Made No Progress to Improve Public Pension System
02.26.2020
Romania has made no progress on the fiscal framework and the public pension system, skills, minimum inclusion income, predictability of decision-making and the corporate governance of state-owned enterprises, the European Commission noted in its 2020 country report on Romania.
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Tourism Employers Call for Legislation Change to Protect Seasonal Workers yesterday, 17:03
Romania's employers association in the tourism sector calls for quick legislation changes to allow employees of seasonal business to benefit from... more
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Coronavirus Crisis Depreciates Pension Fund Assets yesterday, 16:02
Assets managed by mandatory private pension funds in Romania have depreciated 6.7% on average in January-March due to market shocks caused by the... more
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Romanian Finance Minister Expects Quick Recovery After Coronavirus Crisis yesterday, 15:07
Romanian finance minister Florin Cit said Thursday he is optimistic and expects the country's economy to recover as quickly as it collapsed. more
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ING Bank, NGO Partners Unveil EUR330,000 Donation To Mitigate Effects Of COVID-19 Outbreak yesterday, 14:02
ING Bank Romania, alongside NGO (non-governmental organizations) partners, is announcing a donation of EUR330,000 which targets the acquisition of... more
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MKOR Consulting: One In Four Romanians Face Pay Cuts Since Start Of Coronavirus Crisis yesterday, 12:41
After less than three weeks since the start of the coronavirus crisis, almost one in four Romanians already faced pay cuts, according to a survey... more
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Banca Transilvania Donates EUR665,000 to Hospitals Fighting Covid-19 04.01.2020
Banca Transilvania, Romania's largest lender by assets, has donated EUR665,000 so far to more than 30 hospital sin the country fighting the... more
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Romania Amends Loan Repayment Decree to Eliminate Additional Interest 03.31.2020
Romania's government Monday evening amended a decree allowing borrowers to postpone their bank loan repayments for up to nine months, until the end... more
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Romania Starts Work on Sibiu–Pitesti Highway 03.30.2020
Romania's national road infrastructure administration company CNAIR said works started Monday on the construction of a 13 km section of the future... more
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Banks Say General Moratorium on Loan Repayments Hurt Economic Recovery 03.30.2020
Romanian banking associations representing all banks active on the Romanian market said Monday allowing all customers to postpone bank loan... more
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Romania Grants 5%-10% Discount for Early Profit Tax Payments 03.27.2020
Companies paying their first-quarter tax on profit early, by April 25, will get a discount of 5% to 10% of their due tax, the finance ministry said... more
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Romanian Govt Adopts Decree Allowing Loan Repayment Delays Until Year-End 03.27.2020
Romania's government on Thursday adopted an emergency decree allowing individuals and companies to postpone their loan repayments for up to nine... more
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Romanian Health Minister Resigns Amid Coronavirus Crisis 03.26.2020
Romania's health minister Victor Costache stepped down from office Thursday morning as the country's healthcare system is facing mounting pressure... more
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Tarom Suspends Domestic Flights for Two Weeks 03.25.2020
Romanian state-owned airline Tarom announced it was suspending all domestic flights for two weeks starting March 25 at noon to help limit the... more
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Pension Funds Allowed to Invest Over 70% in State Paper for One Year 03.25.2020
Private pension funds may invest in treasury bonds above the current 70% threshold for one year, financial watchdog vice-president Dan Armeanu... more
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Romania to Help Consumers Postpone Loan Repayments for 9 Months 03.25.2020
Romania's government is set to adopt an emergency decree Thursday to allow banks to postpone loan repayments for all types of loans for nine... more
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Romania Suspends Flights To and From France, Germany for Two Weeks 03.25.2020
Romania will be suspending all commercial flights to and from France and Germany for a 14-day period starting Wednesday night, interior minister... more
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BRD– Groupe Société Générale Donates RON1.7M For Medical Equipment, Covid-19 Tests, Disinfectants 03.19.2020
BRD– Groupe Société Générale has donated RON1.7 million for the health sector, namely, for medical protection equipment, Covid-19 tests,... more
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Romania EU Funds Ministry Unveils EUR680M Support For Local Health System, Business Environment 03.19.2020
Romania’s European Funds Minister Marcel Bolos announced a set of measures worth EUR680 million aimed at supporting the local health system and... more
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Ford Romania Halts Production Due to Coronavirus Pandemic 03.17.2020
Ford will be suspending activity at its assembly plant in Craiova, southern Romania, for a number of weeks starting Thursday, March 19, along with... more
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Ford Romania Employees Go on Furlough Amid Coronavirus Outbreak 03.17.2020
Employees of Ford's car assembly plant in Craiova, southern Romania, will be forced to go on furlough between March 19 and April 5 due to the... more
Romania’s central bank BNR on Friday decided to lower its main monetary policy rate by 0.50 percentage points to 2% a year from 2.5%
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Telecom watchdog ANCOM estimates traffic in the communications networks will surge by up to 50% over the coming period * Jean Valvis,
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BRD– Groupe Société Générale has donated RON1.7 million for the health sector, namely, for medical protection equipment, Covid-19
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MedLife, the largest provider of private medical services in Romania, is opening a new laboratory for coronavirus tracking and testing,
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ING Bank has revised downward its growth forecast for Romania’s economy, expecting an economic contraction of 0.9% for 2020. The bank
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Czech-held CEZ group has received preliminary financial offers valuing its operations in Romania at EUR1.1 billion to EUR1.3 billion,
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Only 35 of the 209 hypermarkets in Romania are in Bucharest, but they account for a significant portion of sales, contributing more
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Bucharest Stock Exchange (BVB.RO), the operator of the local capital market, has lost 3.9% since the beginning of the week, as seen in
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Top 50 Romanian Brands Worth EUR5B
The 50 most powerful Romanian brands are worth about EUR5 billion, 17% more than in 2018, the latest report of Brand Finance, a global independent branded business valuation consultancy, shows.
