10.23.2015

Romania's government on Friday approved this year's second budget revision, cutting funding for infrastructure and raising the health care budget to cover wage hikes, while keeping the deficit target more

10.21.2015

Romania places fourth in the European Union by the lowest ratio of government debt to GDP in 2014, with 39.9%, being outranked by Estonia (10.4%), Luxembourg (23%) and Bulgaria (27%), Eurostat data more

10.07.2015

The Romanian government approved Wednesday the agreement whereby Romania will grant a loan worth EUR150 million to the Republic of Moldova. more

09.02.2015

The Romanian Government plans to build an energy group of 600 MW at state-owned thermal power producer Rovinari, within energy holding Complexul Energetic Oltenia (CE Oltenia), a project worth nearly more

08.28.2015

The Ponta Government announced a record budget surplus of 1% of the gross domestic product, 7 billion lei (EUR1.6 billion) in January-July, some of which it will use for wage raises, while capital more

08.20.2015

The Romanian Government assigned Wednesday 300 million lei for financing county and communal road works, the decision taking into account the length of the roads and the financial capability of each more

07.28.2015

Romania's government approved this year's first budget revision Tuesday, as proposed by the Finance Ministry. more

07.28.2015

Romania's government on Tuesday approved the privatization strategy for Rompetrol Rafinare (RRC.RO) and will not accept less than $200 million for a 26.69% stake in the oil refinery. more

07.08.2015

Romania's government adopted an ordinance Wednesday raising the monthly wages of the country's top officials, including the head of state, heads of Parliament and Cabinet ministers. more

07.08.2015

Victor Ponta, who returned from medical leave in Turkey Wednesday, informed the head of state he will resume his attributions as prime minister starting Thursday. more

07.01.2015

The Romanian Government has approved the setting up of a bank resolution fund, based on the model of the bank restructuring fund, with contributions from the financial sector, whose resources are to more

07.01.2015

The Romanian Government increased the threshold for net lending to cover the payment requests within the European Union financed projects by 1 billion lei, to a total RON5 billion. more

06.29.2015

The Romanian Government will grant a new loan to energy holding CE Hunedoara, in the amount of RON167 million, as individual state aid for rescue, but attached certain conditions to the loan. more

06.04.2015

The government has started negotiations with several companies, including Turkish Airlines, to sell a stake in Tarom but wants to keep the majority stake in the airline if the investor is from outside more

05.27.2015

The government on Wednesday approved a decision assigning funding amounting to RON12.6 million as severance pay for 2,133 employees to be laid off by state-owned energy holding CE Oltenia. more

05.25.2015

UniCredit will raise its staff numbers by 20% at its IT center in Romania, which it opened in 2005 and which currently has around 1,400 employees. more

05.20.2015

Romania’s Government on Wednesday decided to raise mining taxes on prospecting, exploration and exploitation of mineral resources, in ratio with inflation, and expects to rake in RON1 million more

05.13.2015

The state treasury will lend RON40 million from privatization proceeds to energy holding CE Hunedoara, to allow it to pay back state aid granted by previous governments, which the European Commission more

05.05.2015

Romania’s Finance Ministry prepares for June the first sale of government bonds to population since 2005, the treasury chief said Tuesday. more

05.03.2015

Romanian Prime Minister Victor Ponta said the Government seeks to conclude a partnership with airline operator Qatar Airways for the modernization of Otopeni airport and the re-launch of state-owned more

05.03.2015

The Romanian Government plans to list on the Bucharest and London Stock Exchanges, in 2015 or 2016 at the latest, the Bucharest-Otopeni international airport, Constanta Harbor, hydropower producer more

04.29.2015

Romania's government has approved the set-up of a working group and mandated the Finance Ministry and the financial supervision authority ASF to coordinate the country's stock market listing program, more

04.22.2015

Romanian government passed an emergency ordinance on gratuity Wednesday, which will come into effect after being published in the Official Gazette. more

04.08.2015

The European Commission is concerned about the Romanian Government’s plan to reduce VAT rates which are expected to have a substantial negative fiscal effect, EC Vice-President Valdis Dombrovskis more

04.08.2015

Companies in Romania that hire youths aged up to 24 will receive EUR200 and RON500 monthly for each employee, for a one-year period, provided they keep them employed for at least 18 months, under a more