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.
-
Romanian Parliament Passes Bill to Repatriate Gold Reserve yesterday, 09:09
Romania’s Chamber of Deputies passed on Wednesday, as a deciding body, a bill initiated by the ruling Social Democrat Party (PSD) to repatriate... more
-
Romania Approves Memorandum For $2.5M Loan To Fund Justice Quarters Realty Project 04.24.2019
The Romanian Government on Wednesday approved a memorandum of the Finance Ministry for receiving a downpayment of $2.5 million from the... more
-
Romanian PM Dismisses National Tax Agency’s Deputy Chairman 04.11.2019
Romanian Prime Minister Viorica Dancila on Thursday sacked the deputy chairman of the country’s National Agency for Fiscal Administration (ANAF),... more
-
EIF Grants Over EUR170M Financing For Students And SMEs In Romania 04.03.2019
The European Investment Fund (EIF) has signed four financing agreements in Romania, in the amount of over EUR170 million, to guarantee loans taken... more
-
Central Bank Board to Discuss Gold Reserve Repatriation Bill 04.02.2019
The central bank board meets Tuesday afternoon to discuss the Senate's adoption of a bill seeking to force the central bank to repatriate the... more
-
Four Major Projects in Romania Get EUR2B EU Financing 04.02.2019
Four major projects in Romania will benefit from European financing totaling EUR2 billion that will be invested in improving public transport in... more
-
Romanian Senate Approves Bill Aiming to Repatriate Country's Gold Reserve 04.01.2019
Romania’s Senate adopted on Monday a bill initiated by the ruling Social Democrat Party (PSD) which would see Romania’s central bank repatriate... more
-
Romanian Government Adopts Changes to Tax Decree 03.29.2019
Romania's government on Friday adopted a new emergency decree amending controversial legislation passed in December 2018 taxing the banking, energy... more
-
Romanian Government to Adopt Changes to Tax Decree Friday 03.29.2019
Romania's government on Friday is set to adopt an emergency decree amending controversial legislation passed in December 2018 taxing the banking,... more
-
PwC Romania: Exempting Coal-Fired Power Plants from Turnover Tax is State Aid 03.28.2019
The Romanian government's plan to exempt state-owned thermal and coal-fired power plants from a 2% turnover tax qualifies as state aid and requires... more
-
Romania Allots RON52M For Closure Of Uncompetitive Coal Mines 03.27.2019
The Romanian Government has assigned over RON52.765 million, as state aid, to facilitate the closure of uncompetitive coal mines Petrila, Paroseni... more
-
Romania Exempts Coal-Fired Power Plants from 2% Turnover Tax, Caps Electricity Prices until Feb 2022 03.27.2019
Romania's government will keep a 2% tax on turnover for energy producers, exempting state-owned thermal and coal-fired power plants, and will keep... more
-
Romanian Government Softens Bank Tax, Disconnects It from Money Market Rates 03.27.2019
Romania's government will lower the tax on banks' financial assets and decouple it from money market rates, according to a draft published late... more
-
Coal-Fired Energy Producers May Be Exempt from 2% Turnover Tax 03.26.2019
Coal-fired energy producers in Romania my be exempt from a 2% tax on turnover introduced via emergency decree in December 2018 but no other changes... more
-
Finance Minister: Bank Tax Amendments To Be Published on Friday 03.22.2019
Romanian Finance Minister Eugen Teodorovici announced on Friday that the amended version of the controversial 2018 bank tax decree would be... more
-
Brexit: Second vote the only solution to the crisis 03.21.2019
-
Government May Amend Bank Tax Next Week 03.20.2019
Romania's government may amend the bank tax in its meeting next week, finance minister Eugen Teodorovici said after a meeting with representatives... more
-
Central Bank Paid EUR1B in Taxes Over Past Decade 03.18.2019
Romania's central bank has paid the equivalent of EUR1 billion in the past ten years to the Romanian state as tax on profit, governor Mugur... more
-
EBRD Delegation Visits Romania for Talks to Scale Up Investment 03.18.2019
A high level EBRD delegation led by Jurgen Rigterink, First Vice President, and Alain Pilloux, Vice President, Banking, arrived in Bucharest Monday... more
-
Romanian President Signs Off On 2019 State Budget Bill 03.15.2019
Romanian President Klaus Iohannis on Friday signed off on the 2019 state budget bill after criticizing the ruling party for rejecting his... 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.
