Social/Politics
Traian Basescu, The Investor
Romanian President Traian Basescu is a bourse investor, holding 2,948 Romgaz (SNG.RO) shares worth 105,803 lei (EUR24,000). Another $36,000 were placed by the President in state paper.
EBRD, EIB And IFC Propped Romanian Financial Sector With EUR400M In 1H
The World Bank/IFC, the European Bank for Reconstruction and Development (EBRD) and the European Investment Bank (EIB) extended loans of around EUR400 million in the first year-half to Roman...
BNR: Romania Private Lending Inches Down 0.4% In June
Romanian private lending went down 0.4% on the month in real terms to 215.4 billion lei (EUR48.5 billion) in June, amid a further decline of foreign currency loans, central bank data showed...
PM: Social Security Tax Cut To Be Offset By Taxes On New Jobs, VAT For New Investments, Insolvency
The social security tax cut can be compensated by measures such as extra receipts from social contributions for new jobs, additional VAT cashing on new potential investments, the recovery of...
Over 11,000 Guarantees Granted Under First Home Program In 1H 2014
Romania's national guarantee fund for SMEs has granted over 11,000 guarantees under the government-backed mortgage lending First Home program in the first half of the year.
IMF Says Romania Needs Clear Measures To Offset Social Security Tax Cut
Romania’s planned social security tax cut is poised to help reduce the burden on labor and stimulate employment, but the authorities should present a clear set of measures aimed at offsettin...
Romania, At EU’s Periphery By Number Of SMEs
Small and medium-sized enterprises (SMEs), the sector that is supposed to fuel the economic growth, are a priority only in politicians’ statements. In figures, Romania ranks 26th in the EU b...
EBRD Delegation Visits Romania
A delegation from the European Bank of Reconstruction and Development’s Board of Directors is on a four-day mission in Romania, the bank said in a statement Tuesday.
What Are Romania’s Options In Enel’s Sale?
The decision of Italy’s Enel to sell its Romanian energy distribution and supply operations is likely to strengthen the position the Romanian state has in this field should Electrica be inte...