03.04.2014

Romania’s new Government, led by Prime Minister Victor Ponta, received a confidence vote in Parliament Tuesday. more

03.03.2014

Romanian Prime Minister Victor Ponta on Monday presented the list of minister nominees for the new government. more

02.27.2014

The Romanian government has no plans to introduce a solidarity tax or progressive income taxes this year following the liberals' withdrawal from the ruling coalition, Prime Minister Victor Ponta said more

02.26.2014

A Socialist-led government following the withdrawal of the Liberal Party from the Romanian ruling coalition could be prone to fiscal experiments, endangering the country’s loan programs with the more

02.26.2014

The rupture of the Romanian ruling coalition was inevitable and should have limited impacts on the financial markets, Austria’s Erste Group Bank AG said Wednesday. more

02.21.2014

Non-residents held a little more than EUR5 billions’ worth of leu and euro-denominated government paper issued on the Romanian market at the end of 2013. more

02.14.2014

The Romanian Government will approve next week a program aimed to reduce the overdue debts of state-owned companies by 2 billion lei (EUR0.44 billion), Prime Minister Victor Ponta and more

02.14.2014

The average monthly net salary is set to increase by at least 5% in 2014 and 2015, while the average monthly pension is expected to exceed EUR200 in 2014 and to go up by 4.5% in 2015, the Romanian more

02.14.2014

Romania’s government expects the country will meet this year all the Maastricht criteria to converge to the euro area and set the year 2019 as a self-imposed deadline for the euro adoption. more

02.14.2014

Romania’s government approved an emergency ordinance placing the state-run companies Transelectrica (TEL.RO) and Transgaz (TGN.RO) under the authority of the government’s General Secretariat, more

02.12.2014

The Romanian Government has decided to put off adopting a bill capping cash transactions for both companies and population and reducing inter-bank fees for card payments in order to allow more talks more

02.04.2014

Romanian Prime Minister Victor Ponta said the government wants to spend most of the European structural and cohesion funds for 2014-2020 on transport infrastructure, environment projects, urban more

01.30.2014

Most Romanian CEOs (92%) are concerned about the increasing tax burden, and 86% of them fear the Government’s response to the fiscal deficit, according to the results of the PwC Romania CEO Survey more

01.29.2014

Companies that understate their revenues to the tax authority will be forced to pay penalties of 10% to 25% of the unstated difference, according to a plan part of a set of measures fighting tax more

01.22.2014

The Romanian Government has approved in its Wednesday meeting the memorandum of understanding (MoU) with oil group Rompetrol, people close to the matter said. more

01.16.2014

Construction on Romania’s 53-kilometer Comarnic-Brasov highway is set to start late April and to be completed in 2017 for an estimated EUR1.8 billion, Prime Minster Victor Ponta said Thursday. more

12.23.2013

The government will look into lowering the sales tax on food products other than bread only after July 2014, Romanian Prime Minister Victor Ponta said Monday. more

12.18.2013

The Romanian Government Wednesday approved the decision granting biofuel incentives to companies in the oil sector, people close to the matter told MEDIAFAX. more

12.09.2013

Romanian Prime Minister Victor Ponta Monday said the Government plans to raise fuel excises by EUR0.07/liter only on gasoline, starting January 1, 2014. more

12.05.2013

Romania’s government is trying to persuade oil companies not to hike fuel prices after an increase in fuel excises planned for next year, and offers to delay increases of the share of biofuels that more

12.04.2013

Romania’s Government Wednesday approved a bill whereby women born after December 1970 may retire at the age of 65, similar to men. more

12.03.2013

Romania expects VAT collection to rise by just 3.4% in 2014, up to RON54.6 billion, while total budget revenues are expected to go up by nearly 5% to RON216.8 billion. These forecasts, included in the more

11.27.2013

Romania on Wednesday extended its medium-term note program by three years until 2016 and raised the borrowing ceiling to EUR15 billion, from EUR8 billion previously. more

11.27.2013

Romanian state-owned airline Tarom might resume direct flights to Beijing, China, starting with a frequency of two flights per week, according to a discussion between Prime Minister Victor Ponta and more

11.26.2013

Trade between China and countries in Central and Eastern Europe (CEE) must double in the next five years, as its value is still low, Chinese Prime Minister Li Keqiang said Tuesday in Bucharest. more