Social/Politics
Romania Borrows EUR1B From World Bank For Fiscal, Health Projects
Romania’s Finance Ministry has borrowed EUR1 billion from the International Bank for Reconstruction and Development to finance fiscal policies and healthcare projects, the ministry said in a...
Romania 1Q Labor Costs Rise At 3rd Fastest Pace In EU
Total hourly labor costs in Romania rose 5.3% on the year in January-March, the third largest increase in the European Union, official data showed Tuesday.
With Falling Industrial Demand, Romania Doesn’t Even Need Russian Gas
Given its declining natural gas consumption amid falling demand from industry, Romania is “hedged” against possible halts in deliveries of Russian gas transiting Ukraine.
Isarescu Appointed For New Term As Central Bank Governor
The Romanian parliament on Monday appointed Mugur Isarescu for a new five-year term as governor of the central bank, a position he has been holding for the past 24 years.
Romania Won’t Be Affected By Russian Gas Supply Issue - Energy Minister
The Romanian population will not be affected if Russia halts gas supplies to Ukraine as the country has stored enough gas, while local production is higher than consumption, according to Raz...
Over 69% Of Foreigners Came To Romania For Business, Not Tourism In 1Q
Almost 70% of the foreigners accommodated in the first quarter of the year in Romanian hotels and boarding houses came for business, congresses, conferences, exhibitions, and only 30% came f...
ASF, Set To Broaden Insurance Market Probe
Romania’s Financial Supervisory Authority (ASF) will further investigate the insurance market and will expand checkups at companies. For the fourth quarter, the institution is readying an au...
PM: Social Security Tax To Be Cut By 5 Pps As Of October 1
Social security contributions will be lowered by five percentage points as of October 1, impacting the budget by RON850 million, without increasing the budget deficit, Prime Minister Victor...
IMF Likely To Delay Romania Loan Review Until Fall
The International Monetary Fund will likely delay until the fall its report on Romania’s progress under a EUR2 billion precautionary loan deal, after the fund’s review mission and the govern...