Romanian Lawmakers Amend Law to Raise 2019 Deficit Target to 2.76% of GDP

02.15.2019

Romania's lower chamber of Parliament on Friday adopted an amendment to the national law capping the budget deficit to raise the deficit target to 2.76% of gross domestic product for 2019 from the previous target of 2.55% of GDP.

Romanians May Buy Two-Year Household Bonds at 4.5% Interest Starting Nov 26
11.26.2018

Romania's finance ministry has launched a new household bond issue to mark the country's centennial and Romanians may buy two-year bonds at an... more
Court Invalidates Bucharest City Hall's Decision To Establish Municipal Companies
11.23.2018

The Bucharest Court of Appeals ruled Thursday to invalidate all city hall decisions establishing municipal companies, taken in 2017, following a... more
Government Readies Second Budget Revision of 2018, Keeps 2.97% Deficit Target
11.22.2018

Romania's finance ministry has drafted this year's second budget revision plan while keeping its budget deficit target at 2.97% of gross domestic... more
European Commission Urges Romania to Adjust Ballooning Public Deficit
11.21.2018

Romania's public deficit is seen reaching 3.3% of gross domestic product this year and the European Commission recommends an annual structural... more
Bucharest Subway Employees Go On General Strike Next Week
11.16.2018

Bucharest subway worker unions announced on Friday that they have decided to go on general strike on an indefinite basis, starting with next... more
Government Adopts Decree Setting Legal Framework For Establishing Sovereign Funds
11.15.2018

Romania's Government on Thursday adopted an emergency decree setting the general legal framework for the establishment of sovereign investment... more
Bucharest Subway Workers Go On Two-Hour Warning Strike Thursday
11.12.2018

Union leaders of workers from Bucharest’s subway system on Thursday rejected the latest wage increase offer for a new collective bargaining... more

Romania’s Banking System Profit Hits Record High of Over RON7B in 2018

The lending rebound, the rise in interests and the improvement of portfolio quality helped Romania’s banking system post an

Four Companies Vie For EUR40M Construction Contract Of Brasov-Ghimbav Airport Terminal

Companies Bog’Art SRL Bucuresti, Construcţii SA Sibiu, Kesz Constructii Romania SRL Cluj and Porr Construct SRL Bucuresti have

Germany’s Zeitfracht Group Acquires 10% In Airline Blue Air $Germany’s Zeitfracht Group Acquires 10% In Airline Blue Air$

German Zeitfracht Group has joined the shareholding structure of low-cost airline Blue Air, holding 10% of the airline’s share

C&W Echinox: Office Transactions Hit EUR95M in Romania in 2018

Office building transactions in Romania reached the highest level of the last decade in 2018, of EUR957 million, according to the

Chitila Turns Into Bucharest’s Future Logistics And Industrial Hub

Chitila represents the future logistics hub of capital city Bucharest, for both warehouses and the light industrial production, in the

World Bank Lowers Romania GDP Growth Projections to 3.5% in 2019, 3.1% in 2020

The World Bank has revised its economic growth projections for Romania and now sees GDP growth at 3.5% in 2019 from 4.5% in its June

Nestle To Shut Down Its Romanian Factory

Swiss giant Nestle, one of the largest players on the Romanian consumer goods market, will close its Romanian factory, located in the

Romania's Fiscal Instability, Main Challenge for Businesses in 2019

Fiscal instability is the main challenge for businesses this year, influencing investors' appetite for doing business in Romania,

Analysis

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.