GOVERNMENT
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AmCham Calls On Romanian Govt To Revoke Intentions To Introduce Solidarity Tax
The American Chamber of Commerce in Romania (AmCham Romania) voices the concern of the business community that it represents regarding the intention of the Romanian governing coalition to in...
BNR Warns About Fiscal Policy Stance
Romania’s central bank (BNR) warns about the Government’s fiscal policy stance, which is likely to jeopardize budget consolidation. Romania has a high budget deficit, which will be very diff...
Romanian Government Collapses In No-Confidence Vote
Romania’s center-right government of Liberal Prime Minister Florin Citu has been toppled in a no-confidence vote on Tuesday (October 5), with 281 votes in favor of the motion.
Romanian Govt Seeks To Raise Minimum Net Wage To RON1,524 Starting Jan 1, 2022
Romania’s Labor Ministry is proposing raising the minimum net wage to RON1,524 (EUR307.9) starting with January 1, 2022, which translates into a 10% increase (+RON138) compared to the curren...
Eurostat: Romania Had One Of Largest Increases In Government Debt-To-GDP Ratio In EU, In 4Q/2020
Romania’s government debt reached 4.2% of the gross domestic product (GDP) in the fourth quarter of 2020, compared with the third quarter of 2020, being the country with one of the largest i...
Romania Approves Third Budget Revision Of 2020
The Romanian Government has approved the third budget revision of 2020, which is built on an economic contraction of 4.2% and a nominal gross domestic product (GDP) of RON1,050 billion.
Government to Cover Furlough Payments until at Least June 1 - PM
Romanian prime minister Ludovic Orban said Monday the government would continue to cover furlough payments until at least June 1, as the country is preparing to lift its state of emergency a...
Govt Breaks Piggy Banks, Asks State-Run Companies For Additional Dividends
Romanian government is now reviewing the investment plans of state-run companies, including those listed on the Bucharest Stock Exchange, to decide where to request additional dividends from...
Large Firms In Romania Urge Govt To Turn To IMF To Overcome Covid-19 Crisis: Economy Needs Nearly EUR30B Support
Several organizations in the Romanian business environment, among which Romanian Business Leaders, the National Council of Romanian Small and Medium-sized Enterprises, the Romanian-German Ch...