Social/Politics
Fiscal Council: Romania's Public Debt to Top 50% of GDP in 2021
Romania's public debt is seen accelerating sharply in 2020-2021, to over 50% of the gross domestic product in an optimistic scenario, and over 55% of GDP in a pessimistic scenario, the Fisca...
Romanian Government Plans EUR40B Investments in Road and Railroad Infrastructure
Romania's government is planning investments amounting to around EUR40 billion in road and railway transport infrastructure, prime minister Ludovic Orban said during a video conference Thurs...
EC: Romania Fulfills None of the Criteria for Euro Adoption
Romania meets none of the convergence criteria – price stability, sound public finances, exchange rate stability and convergence in long-term interest rates – required for euro adoption, the...
Romanian Parliament Adopts Bill Suspending Sales of State-Owned Shares
Romania's lower chamber of parliament on Wednesday adopted a bill that would suspend all disposals of shares owned by the Romanian state a period of two years. Prime minister Lucovic Orban s...
AmCham: Keeping Romania in Investment Grade Should Be an Economic Policy Priority
Standard & Poor’s maintaining of Romania’s sovereign rating at “BBB- with negative outlook” reflects the realities of the country's economy after the shock of the COVID-19 pandemic and econo...
FP Urges Parliament to Reject Bill Suspending Sales of State-Owned Shares
Property restitution fund Fondul Proprietatea (FP.RO) urges lawmakers to reject a bill that would suspend all disposals of shares owned by the Romanian state a period of two years.
Analysts Criticize Bill Banning Sale of State Shares in Companies, Banks
A bill banning the sale of state shares in state-owned companies, banks or any other company for two years to protect national interest in the economy would hinder the development of the loc...
Government Paid RON2.8B for 1.8M Furloughed Employees by End-May
Romania's labor ministry paid approximately RON2.8 billion by the end of May to cover the wages of approximately 1.8 million furloughed employees, minister Violeta Alexandru said Wednesday.
Dacia Puts 1,100 Employees Back on Furlough
Romanian carmaker Dacia, owned by France's Renault, has placed 1,100 employees back on furlough for the entire month of June citing lack of orders.