GOVERNMENT
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Romanian Government Approves Draft Budget Revision
The Romanian Government on Wednesday approved the draft budget revision, after the country registered economic growth of 5.8% in the first half of 2017, which translates into a GDP increase...
Analysts: Decline In Funds For Investments In Favor Of Wage Raises To Trigger Economic Imbalance
The decline in funds earmarked for investments in favor of raising wage costs, stipulated in the draft budget revision, will boost consumption which will encourage imports and thus trigger e...
Romania To Raise Fuel Excises By RON0.32/Liter, In Two Stages, Minister Says
Excise duties on gasoline and diesel gas will be raised by RON0.16 per liter each, in two stages, as of September 15 and October 1, Romania’s Finance Minister Ionut Misa said Wednesday, at t...
PM's Comments On Banks Are Inappropriate, Says Central Bank Adviser
Adrian Vasilescu, adviser to Romania’s central bank governor, said on Wednesday that Prime Minister Mihai Tudose’s statement on banks was inappropriate and came from someone that has nothing...
Romanian Private Pension Fund Association Calls For Meeting With PM
Romania's association for private pensions has called for a meeting with Prime Minister Mihai Tudose to discuss the government's analysis of state versus private pensions, the association sa...
Romania To Borrow EUR60M From IBRD To Improve Legal Services
Romania will contract a loan of EUR60 million from the International Bank for Reconstruction and Development (IBRD) to finance a project aimed at enhancing legal services, according to a bil...
OMV Petrom, ExxonMobil Present Black Sea Gas Exploration Project To Government
Romanian Prime Minister Sorin Grindeanu had a meeting on Monday with a delegation of the consortium made of ExxonMobil and OMV Petrom, led by vice-president of ExxonMobil Development Company...
Romanian Government Mulls Setup Of Sovereign Fund For Development And Investment
The Romanian government has discussed on Thursday the setting up of the Sovereign Fund for Development and Investment (FSDI), aimed at developing and financing profitable and sustainable inv...
AmCham: Romanian Government Should Not Cut Investments To Reach Budget Targets
AmCham Romania warns that it is detrimental for Romania to reach budget targets by cutting investments or changing the fiscal policies which impact directly and immediately the business comm...