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 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
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Soft Drinks Producers Say Overtaxing Sugary Drinks Will Lead to Layoffs 08.06.2019
Romania's government won't collect as much as it expects from its proposed tax on sugary drinks, the national association of soft drinks producers... more
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Romanian Government Plans to Tax Tips in Hospitality Industry 08.06.2019
Romania's finance ministry and employers in the hospitality industry have agreed to draft a bill to levy a 10% income tax on tips in the... more
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Eurostat: Six In Ten Romanians Cannot Afford A One-Week Annual Holiday 08.01.2019
Six in ten Romanians cannot afford a one-week annual holiday away from home, double compared with the EU average, Eurostat, the statistical office... more
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Government Plans Income Tax of Up To 50% on Special Pensions 08.01.2019
The Romanian government is working on a draft to apply an income tax rate of 10% to 50% on special pensions, official sources told Mediafax. more
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Negotiations for Nuclear Units 3, 4 in Cernavoda To Be Completed This Year 07.29.2019
Negotiations for the construction of a third and fourth nuclear reactor at Romania's power plant in Cernavoda will be completed this year, energy... more
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Survey: A Quarter Of Youths Aged 18 To 25 Consider Taking Out Mortgage Loans In The Coming Year 07.26.2019
A quarter of youths aged 18 to 25 say they are considering taking out mortgage loans in the coming year, with 13% of youths having already... more
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Romanian Government Set To Revise Budget in August 07.25.2019
Romania's government will likely approve this year's fist state budget revision in August, pending approvals from the country's defense body and... more
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Romanian Diplomat Cornel Feruta Appointed Acting Director General of IAEA 07.25.2019
Romanian diplomat Cornel Feruta has been appointed acting director general of the International Atomic Energy Agency (IAEA), following the death of... more
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Romanian Women Postpone Having Children Until After 35 07.04.2019
The number of children born from mothers older than 35 rose 47% in 2017 compared with 2008, when there only 20,937 such children. more
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Parliament Committees Endorse Mugur Isarescu for New Term as Central Bk Governor 07.02.2019
The Romanian parliament's budget-finance committees on Tuesday unanimously endorsed Mugur Isarescu for a new five-year term as central bank governor. more
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Romanian Lower Chamber Passes Pensions Bill 06.26.2019
Romania’s Lower Chamber voted on Wednesday in favor of the pensions bill proposed by the country's ruling coalition, redrafted after it was... more
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Gas Prices for Household Consumers Drop 5% as of July 1 06.24.2019
The price of natural gas for household consumer will drop by 5% as of July 1, energy regulator ANRE said Monday. more
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Tarom Replaces Interim General Manager After Two Weeks 06.20.2019
Madalina Daniela Mezei has been appointed interim general manager of Romanian state-owned airline Tarom, according to the company's website,... 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.
