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Erste: Romanian Coalition’s Breakup Was Inevitable
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.
Non-Residents Hold Over 20% Of State Paper Issued By Romania
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.
Romania To Approve Program Slashing Arrears Of State Companies By RON2B
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 Minist...
Romania Plans To Raise Average Net Wage By At Least 5% In 2014 And 2015
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 Ro...
Transelectrica, Transgaz Placed Under Government Secretariat’s Authority
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...
Romania Sets 2019 As New Euro Adoption Deadline
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.
Government Puts Off Adoption Of Bill Capping Cash Transactions And Cutting Inter-Bank Fees
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 mo...
Romania To Spend Most EU Funds On Transport, Environment & Urban Development
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, ur...
PwC: Romania Ranks 2nd Globally Considering CEOs’ Concern About Tax Burden
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...