Social/Politics
Romania Seeks to Cap Public Debt at 55% of GDP in 2021
Romania's government has set a cap on the country's public debt at 55% of gross domestic product for 2021 under EU methodology.
Romania Freezes Public Sector Wages to Cut Budget Deficit to 7% in 2021
Romania's 2021 state budget bill targets a budget gap of around RON80 billion, around 7% of the country's gross domestic product, down from a deficit of 9.8% in 2020, based on a GDP growth p...
Romania Had Nearly 1.25 Million Public Sector Employees End-2020
Romania had 1.249 million public sector employees at the end of 2020, with nearly 9,000 hired in the last two months of the year, finance ministry data showed.
Romania Targets 7% Budget Deficit in 2021
Romania's government targets a budget gap of 7%-7.1% of the gross domestic product in 2021, prime minister Florin Citu said Monday, adding the budget bill would be published in the upcoming...
Romania Launches Three New Population Bond Issues on Feb 8
Romania's finance ministry launches three new bond issues for the general population Monday, February 8, which can be subscribed by February 24.
Government Adopts Extension of 9-Month Loan Repayment Moratorium
Romania's government late Wednesday approved the norms extending a nine-month moratorium on bank loan repayments for debtors affected by the pandemic, after the previous moratorium expired a...
PwC: Upskilling Could Create 5.3 Million Jobs Globally by 2030
Accelerated investment in upskilling and reskilling of workers could add at least $6.5 trillion to global GDP and create 5.3 million new jobs by 2030, according to the “Upskilling for Shared...
Bucharest Unemployment Rate At 1.28% In December 2020
Capital city of Bucharest registered 15,251 jobless people (of whom 8,167 women) at the end of December 2020, taking the unemployment rate to 1.28%, lower by 0.78% compared with November, ac...
Vodafone Invests EUR20M to Advance Digital Skills, Education in Romania and 13 Other Countries
Vodafone announced Monday an investment of €20 million by the Vodafone Foundation to expand digital skills and education programs by funding local initiatives in Albania, Czech Republic, Ger...