Social/Politics
Blue Air Urges Government to Promote State Aid Legislation for Its Rescue Loan
Romanian airline Blue Air urges the finance ministry to urgently complete the legislation required for the company to benefit from a EUR300 million rescue loan to cover its losses and avoid...
NEPI Willing to Buy Romexpo Land in Bucharest
South-African investment fund NEPI, the biggest shopping mall owner in Romania, said it was willing to buy the 46-hectare land at Romexpo in Bucharest, which the parliament assigned for free...
EC Approves EUR875M Investment for Romania's Sibiu-Pitesti Motorway
The European Commission has approved an investment from the Cohesion Fund worth EUR875.5 million to build the first stage of the Sibiu-Pitesti motorway. This will be the first motorway cross...
Romania Budget Gap Widens to 4.7% in January-July
Romania's general consolidated budget posted a deficit of RON49.68 billion in January-July, or 4.7% of the gross domestic product, finance ministry data showed Wednesday.
Fitch: Romanian Pensions and Politics are Key to Fiscal Prospects
The Romanian government's proposed 14% pension increase from September would reduce the challenge of consolidating public finances compared with the previously budgeted 40% increase, Fitch R...
Romanian Government To Raise Pensions By 14% Despite Economic Downturn
Romania's liberal government plans to raise pensions by 14% this year through a budget revision decree it will debate Friday, prime minister Ludovic Orban said.
Romanian Government Revises 2020 Budget Gap Target to 8.6% from 6.7%
Romania's government has revised its budget deficit target for 2020 to 8.6% of the gross domestic product from a previous projection of 6.7% of GDP, finance minister Florin Citu told a news...
Fidelis Government Bonds Start Trading on Bucharest Stock Market
Government bonds for population in the Fidelis issue start trading on the Bucharest Stock Exchange Thursday.
Unifarm Spent RON1.5B on Unauthorized Covid-Related Acquisitions
Romania’s state-owned medical supplier Unifarm made unauthorized acquisitions for hospitals during the state of emergency amounting to RON1.5 billion, a report by the Court of Accounts revea...