Social/Politics
Romania Starts Work on Sibiu–Pitesti Highway
Romania's national road infrastructure administration company CNAIR said works started Monday on the construction of a 13 km section of the future Sibiu–Pitesti highway.
Banks Say General Moratorium on Loan Repayments Hurt Economic Recovery
Romanian banking associations representing all banks active on the Romanian market said Monday allowing all customers to postpone bank loan repayments for up to nine months could lead to an...
Romania Grants 5%-10% Discount for Early Profit Tax Payments
Companies paying their first-quarter tax on profit early, by April 25, will get a discount of 5% to 10% of their due tax, the finance ministry said in a statement.
Romanian Govt Adopts Decree Allowing Loan Repayment Delays Until Year-End
Romania's government on Thursday adopted an emergency decree allowing individuals and companies to postpone their loan repayments for up to nine months but no later than the end of the year.
Romanian Health Minister Resigns Amid Coronavirus Crisis
Romania's health minister Victor Costache stepped down from office Thursday morning as the country's healthcare system is facing mounting pressure and shortages in dealing with the coronavir...
Tarom Suspends Domestic Flights for Two Weeks
Romanian state-owned airline Tarom announced it was suspending all domestic flights for two weeks starting March 25 at noon to help limit the spread of Covid-19.
Pension Funds Allowed to Invest Over 70% in State Paper for One Year
Private pension funds may invest in treasury bonds above the current 70% threshold for one year, financial watchdog vice-president Dan Armeanu announced Wednesday.
Romania to Help Consumers Postpone Loan Repayments for 9 Months
Romania's government is set to adopt an emergency decree Thursday to allow banks to postpone loan repayments for all types of loans for nine months, finance minister Florin Citu said Wednesd...
Romania Suspends Flights To and From France, Germany for Two Weeks
Romania will be suspending all commercial flights to and from France and Germany for a 14-day period starting Wednesday night, interior minister Marcel Vela announced late Tuesday.