Social/Politics
EY Romania: Governments Must Digitize Public Services with Adequate Cybersecurity
The digitization of public services is an indisputable necessity, as it solves citizens' problems quickly and efficiently, especially in the current context of the pandemic, in which social...
Romania Takes Last Steps to Borrow EUR4B from EU for Covid Crisis Protection
Romania's president Klaus Iohannis on Monday signed off on a loan agreement allowing Romania to borrow EUR4 billion from the European Union to protect citizens affected by the Covid-19 crisi...
PwC Women in Work Index: COVID-19 Reversing Important Gains for Women in the Workforce
Progress for women in work could be back at 2017 levels by the end of 2021 as a result of the COVID-19 pandemic, according to analysis conducted for PwC’s annual Women in Work Index, which m...
Romanian Parliament Rejects Bill Seeking to Cap Interest Rates on Retail Loans
Romanian lawmakers have rejected a bill that sought to cap interest rates on mortgage and consumer loans to at most 50% above the central bank benchmark rate.
Constitutional Court Ruling Clears Way for EUR3B Development at Romexpo
Romania's Constitutional Court has upheld the transfer of a 46-hectare land in the Romexpo area in northern Bucharest from state property to the country's Chamber of Commerce, clearing the w...
Romanian Parliament Adopts 2021 State Budget
Romanian lawmakers on Tuesday approved the country's 2021 state budget in the form proposed by the government, meaning a cash deficit target of 7.16% of the gross domestic product and frozen...
EC Approves EUR254M Aid for Bucharest Heating System Upgrades
The European Commission has approved an aid of EUR254 million from structural funds to support the upgrade of the central heating system of Romania's capital city Bucharest.
Romanian Airline Tarom Plans to Save EUR8M with Staff Cuts
Romanian state-owned airline Tarom estimates it will reduce its staff spending by an average of EUR8 million a year n the next six months, as it plans to slash 700 jobs out of 1,500 by the e...
Romania Could Adopt Euro in 2027-2028, PM Says
Romania hopes to join the euro area waiting room in 2024-2025 and adopt the single European currency 2027–2028, prime minister Florin Citu said in a televised interview Thursday evening.