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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Labor Ministry Launches Bill Increasing Minimum Wage Into Public Debate 12.05.2019
Romania’s Labor Ministry published on Wednesday, for purposes of public debate. a draft bill which increases the country’s monthly gross... more
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Parliament Passes Bill Eliminating Fuel, Part-Time Contracts Overtaxes 12.05.2019
Romania’s Lower Chamber adopted on Wednesday, as a deciding body, a bill which eliminates overtaxes for fuel and part-time contracts from the... more
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Romania PM Assures 2020 State Budget Will Be Ready By 15 December Deadline 12.03.2019
Romanian PM Ludovic Orban on Tuesday gave assurances the country’s 2020 state budget will be ready until the December 15 deadline, saying it... more
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Romania Registers Drops In All PISA Test Scores 12.03.2019
Romania has registered its lowest scores in the past decade in the PISA test published on Tuesday, which measures the performance of 15-year old... more
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Government to Repeal Part of Controversial Tax Bill 12.02.2019
Romania's liberal government will fast-track a bill to repeal several provisions of a controversial tax bill adopted by the previous... more
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Fiscal Council Head Warns Pension Hike Could Push Budget Gap to 8% in 2022 11.27.2019
Romania's new pension law, which would raise public pensions by 40% starting September 2020, complicates budget construction for the next years and... more
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Romania's Prognosis Commission Lowers 2019 GDP Growth Projection to 4% 11.26.2019
Romania has lowered its economic growth projection for this year to 4%, from a previous forecast of 5.5%, according to the autumn forecast of the... more
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Romanian Government to Raise Minimum Wage by up to 7.2% in 2020 11.26.2019
Romania's government is considering raising the minimum wage by up to 7.2% in 2020, to RON2,230 from the current RON2,080, deputy prime minister... more
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Romania’s Incumbent President Klaus Iohannis Wins Reelection 11.25.2019
Incumbent Romanian President Klaus Iohannis comfortably won the the country’s presidential elections run-off on Sunday, gaining almost two thirds... more
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Romania's Liberal Government Seeks to Revise 2019 Budget by End-November 11.08.2019
Romania's new liberal government is working on a budget revision draft to be adopted by the end of November, prime minister Ludovic Orban said late... more
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Romania's New Finance Minister Skeptical About 2019 Budget Deficit Target 11.05.2019
Romania's new liberal finance minister Florin Citu said Tuesday he was not convinced the country's budget deficit can stay within the EU limit of... more
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Romanian Parliament Endorses Orban Cabinet 11.04.2019
Romania's new Cabinet, led by liberal Ludovic Orban, on Monday received the Parliament's endorsement with 240 votes in favour. more
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Romania Postpones 5G License Tender for 2020 10.31.2019
Romania's telecom regulator ANCOM has postponed until next year a 5G license tender from which it expected to get at least EUR 580 million. more
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Romania Budget Gap Widens to 2.6% of GDP in Jan-Sept 10.30.2019
Romania's general consolidated budget posted a deficit of RON26.97 billion in January-September, or 2.6% of the gross domestic product, finance... more
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European Commission Approves Recapitalization of Romania's State-Owned CEC Bank 10.29.2019
The European Commission on Tuesday approved Romania's plans to inject EUR200 million (RON940 million) of capital in fully state-owned CEC Bank,... more
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Most Important Economic Measures Proposed by Orban Government 10.25.2019
Prime minister-designate Ludovic Orban presented a set of economic steps his government aims to implement if voted into office by the Parliament.... more
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Entrepreneurs to New Government: We Want Infrastructure, Investments and Dialogue 10.24.2019
Ministries must be run by people who are experts in the fields they supervise, infrastructure projects must be completed, red tape curbed and the... more
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GfK: Romanians Spend EUR5,881 per Person in 2019; Europeans Spend EUR14,739 10.23.2019
Romanians have an average EUR5,881 per person available for spending and saving in 2019, around 60% less half compared with per capital purchasing... more
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Interim PM Sends Control Team to Flag Carrier Airline Over Transport Minister Scandal 10.18.2019
Romanian interim prime minister Viorica Dancila said Friday she sent the prime minister's control body to investigate the country’s flag carrier... more
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Herman Van Rompuy: Invest Now, While Money Is Cheap 10.18.2019
Europe is suffering from a too low investment level. China is investing more than 40% of its GDP. We in the EU invest half of that volume. We need... 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.
