Social/Politics
Government Approves Emergency Decree On State Guarantees For SMEs
Romania’s Government on Wednesday approved an emergency decree that will allow small and medium-sized businesses to access credit lines for working capital of up to RON5 million for a two-ye...
Government Doesn’t Extend CFR Marfa Sale Deadline, Buyer Has To Pay By Monday
Romania’s government has not extended the privatization deadline of railway freight carrier CFR Marfa in Wednesday’s Cabinet meeting, which means the buyer, Grup Feroviar Roman (GFR), has un...
Government To Consult With IMF, EU On 2014 State Budget
Romania’s Government will consult with experts of the International Monetary Fund and the European Commission on the country’s 2014 state budget, Prime Minister Victor Ponta said Wednesday.
Average Wealth Per Capita Up 9.7% On Year In Romania, To $11,191 – Report
The average wealth per capita in Romania increased 9.7% in the first half of the year compared to the same period in 2012, to $11,191, much lower than the $17,570 level it reached before the...
Romania Has 10,600 Millionaires And Just One Billionaire
Approximately 10,600 inhabitants of Romania have fortunes higher than $1 million, less than half compared to Czech Republic, and just one Romanian’s fortune exceeds $1 billion, according to...
Government Must Cut VAT, Social Security Contributions To Stimulate Economic Growth - Investors
Romania’s Government must reduce the value added tax back to 19%, lower social security contributions and eliminate taxes on reinvested profit to ensure sustained economic growth, according...
Ombudsman Challenges Insolvency Code At Constitutional Court
The Romanian Ombudsman Wednesday has challenged the country’s recently adopted Insolvency Code at the Constitutional Court.
Ambassador: UK Backs Romania’s Schengen Entry; Country Met Technical Requirements
Romania has met technical requirements to join the border-free Schengen Area, UK Ambassador to Bucharest Martin Harris said Tuesday, adding that Great Britain has not changed its standpoint...
Romanian Economy Minister Varujan Vosganian Resigns
Romanian Economy Minister Varujan Vosganian has resigned from the Cabinet Monday after senators voted against lifting his immunity to allow prosecution.