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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Central Bank Official Warns Tax Decree Might Drive Pension Pillar II Admins Away 02.25.2019
Central bank chief economist Valentin Lazea on Monday warned most if not all seven administrators of mandatory private pension funds, known as... more
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President Challenges 2019 Budget At Constitutional Court 02.22.2019
Romanian President Klaus Iohannis challenged the 2019 budget bill at the Constitutional Court on Friday, calling it a "budget of national shame"... more
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Presidency: 2019 Budget Disregards Economic Context 02.20.2019
Romanian President Klaus Iohannis criticized yet again the 2019 state budget bill adopted in Parliament last week and said that the current... more
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ING Survey: Over 60% of Romanians Expect To Be Working Beyond Retirement Age 02.20.2019
Around 54% of Europeans expect to continue working after retirement age, with the highest rates among Romanians and Czechs (63%), according to the... more
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Government Approves RON2B Guarantee Budget for 2019 First Home Program 02.19.2019
Romania's government on Tuesday approved a guarantee budget of RON2 billion this year's state-guaranteed First Home program for first time homebuyers. more
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Energy Ministry Looks into Merging Hidroelectrica and CE Oltenia 02.19.2019
Romania's energy ministry is analyzing a proposition to merge state-owned hydropower generator Hidroelectrica and coal-based energy holding CE... more
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Macro-Prudential Supervision Committee Says It Found Potential Solutions to Amend Tax Decree 02.18.2019
Romania's national committee for macro-prudential supervision announced Monday it has identified solutions and possible scenarios to amend a... more
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Romanian Parliament Adopts 2019 State Budget 02.15.2019
Romanian lawmakers on Friday adopted the 2019 state budget with 275 to 122 votes. more
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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... more
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Central Bank Says Disconnecting Bank Tax from Money Market Rates Is Crucial 02.15.2019
Board members of Romania's central bank said it is essential that the country's new tax on banks' financial assets is disconnected from benchmark... more
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Parliament Approves 2019 Budget Amendment Increasing Child Allowances 02.14.2019
The combined chambers of the Romanian Parliament approved on Thursday a Liberal Party amendment to the 2019 budget bill which raises allowances for... more
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Finance Ministry Official Says Bank Tax on Assets is Quarterly 02.14.2019
Romania's tax on banks' financial assets is to be levied quarterly on the quarterly assets balance, an official at the Ministry of Finance said... more
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EC Allots EUR517M for Bucharest Airport Metro Line 02.13.2019
The European Commission on Wednesday approved EUR517 million financing for a new metro line in Bucharest that would eventually run to the Otopeni... more
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Isarescu Says Bank Tax Is an Attack on Central Bank Independence 02.12.2019
Romanian central bank governor Mugur Isarescu said the tax on bank assets is an attack on the independence of the institution, as it hinders... more
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Central Bank Governor Tells Senators How ROBOR Index Works 02.12.2019
The money market interest rate known as ROBOR was not manipulated, central bank governor Mugur Isarescu told members of the Senate's budget and... more
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Romanian Government Adopts 2019 Budget, Targets Deficit at 2.55% of GDP 02.08.2019
Romania's government on Friday adopted the 2019 state budget, built on an economic growth projection of 5.5%, which critics said is overly... more
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FP Warns Order on Regulated Energy Prices Will Lower State Revenues, Reduce Investments 02.06.2019
Investment fund Fondul Proprietatea on Wednesday said it has serious concerns about the highly detrimental impact on energy companies, investments... more
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Fiscal Council Says Govt's 5.5% GDP Growth Projection Is Surprising, Unwarranted 02.05.2019
Maintaining an economic growth projection of 5.5% in 2019 especially after the emergency decree 114/2018 introducing new taxes is surprising and... more
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Fitch Ratings: Romania 2019 Budget Fails to Lift Fiscal Uncertainty 02.05.2019
Romania's draft 2019 budget targets a reduction in the budget deficit, but is based on optimistic assumptions and fails to clarify uncertainty over... more
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Romanian Government To Issue Household Bonds With Up to 5% Interest 02.04.2019
Romania's finance ministry will seek to borrow money from households instead of banks, with three new household bond issues with interests of up to... 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.
