12.18.2014

Romania’s government approved an ordinance setting up the Energy Ministry which will take over the attributions of public institution involved in the privatization and post-privatization monitoring more

12.17.2014

Romania’s government approved an ordinance placing state-run companies Transelectrica (TEL.RO) and Transgaz (TGN.RO) under the authority of the Economy Ministry, people familiar with the matter said more

12.17.2014

The government reshuffle require efforts from the business environment, which needs to establish dialog with the new Cabinet ministers, but that shouldn't be a problem as long as changes don't go more

12.11.2014

Public sector wages will be frozen in 2015 at this year's level, except for teaching staff, whose wages will be raised by up to 10% in two steps, and healthcare staff under certain conditions. more

12.10.2014

Romania's government on Wednesday approved a bill raising the gross minimum wage in two stages in 2015, to RON975 in January and to RON1,050 in July, from the current RON900. more

12.03.2014

The royalty system for the oil industry will remain unchanged next year and changes will be considered afterward, minister-delegate for the Budget Darius Valcov said Wednesday. more

12.03.2014

Romanian government on Wednesday approved the third budget revision this year, assigning funds for the advance payment of certain salary rights and arrears to state employees. more

11.27.2014

The Romanian Government has drawn up a list of 115 public investment projects which are a priority for the 2015 state budget and entail total funds of over RON63 billion in upcoming years. more

11.26.2014

Romania's national guarantee fund for small and medium-sized businesses (FNGCIMM) may guarantee projects with EU financing for the 2014-2020 period. more

11.26.2014

The Romanian government has the written consent of the European Commission regarding gas prices for thermal power plants that supply heat to household consumers and will adopt an emergency decree on more

11.21.2014

The Romanian government will no longer sell its majority stakes in companies operating in the defense industry, keeping minimum 50% at their privatization, and will focus on strategic investors with more

11.20.2014

Romania’s Finance Minister Ioana Petrescu, the minister for small and medium-sized enterprises (SMEs), Florin Jianu, EU Fund Minister Eugen Teodorovici and central bank representatives will meet more

11.18.2014

Romania's government on Tuesday approved the regulations for the car loan program "First Car", allowing buyers to get state-guaranteed loans. more

10.28.2014

The government will extend by two and a half years, until the end of 2017, the period during which it will help thermal power plant Mintia, owned by state energy holding CE Hunedoara, sell energy, more

10.23.2014

Romania's government debt dropped by RON218 million in the second quarter compared to the first, to RON248.3 billion (38.5% of GDP), making it the third lowest public debt to GDP ratio in the European more

10.21.2014

The Romanian government approved Tuesday an emergency decree whereby energy holding CE Hunedoara will take over the debt the coal mining company CNH owes the tax authority ANAF. more

10.15.2014

Romania’s Economy Minister Constantin Nita said the European Commission on Wednesday approved the state aid scheme aimed at supporting large energy consumers. more

10.08.2014

A lower sales tax on bread constitutes a basis for a lower tax on other products, such as organically farmed products, meat, fruit and vegetables and tax evasion in agriculture is sometimes "a means more

10.07.2014

Romania's government strategy for the development of small and medium-sized businesses (SMEs) sees the number of SMEs growing by 200,000 by 2020, from 474,000 active SMEs at present. more

09.28.2014

The Ministries of Labor, Public Administration, Defense, Justice, Interior and Foreign Affairs will get extra money at the second budget revision, while funds will be cut from Health, Agriculture, more

09.23.2014

Romania's Cabinet run by Prime Minister Victor Ponta survived a no-confidence vote in Parliament on Monday, following a motion pushed by the opposition Christian Liberal Alliance. more

09.22.2014

Romanian government postponed Monday the gas price increase for household consumers, a measure set for October, by a decision which also stipulates the renegotiation of the calendar on eliminating more

09.12.2014

Erste Bond Flexible and Raiffeisen RonPlus, Romania’s biggest mutual funds, with overall assets of 8.5 billion lei (EUR1.9 billion), have RON3.8 billion (EUR860 million) invested in government more

09.10.2014

The Romanian government will launch a state aid scheme for businesses, valid until 2020, with a total budget of RON2.7 billion (EUR600 million) to finance tangible and intangible asset costs of a more

09.04.2014

The Romanian Government on Thursday approved a decision raising the maximum ceiling allocated for additional payments for ecological farming in 2014 to EUR7 million from the current EUR3 million. more