Social/Politics
EC to Launch Excessive Deficit Procedure on Romania in March, Says Finance Minister
Romania will be placed under excessive deficit procedures in March at the earliest, outgoing finance minister Florin Citu said Monday evening on TV station Realitatea Plus.
Romania, Bulgaria Have Lowest Work from Home Rates in EU
Romania and Bulgaria had the fewest number of people working from home in 2018, of 0.4% and 0.3% respectively, compared with a European average of 5.2%, Eurostat data showed Thursday.
First Home Program Continues in 2020 with RON2B Guarantee Budget
Romania's subsidized mortgage lending program for first time homebuyers will continue in 2020 and has a guarantee budget of RON2 billion, the same as in previous years.
Romania's Government Dismissed in No-Confidence Vote
Romania's liberal government was dismissed Wednesday in a no-confidence vote after it took responsibility for changing election legislation for the country's upcoming local elections.
Eurostat: Romania Had Highest In-Work Poverty Risk in EU in 2018
Romania was the EU country with the highest in-work at-risk-of-poverty rate in the European Union in 2018, with 15.3% of its employed population at risk, Eurostat data showed Friday.
Dropping Income Tax Exemption for IT Employees Would Translate into RON1B State Budget Revenue a Year
Prime Minister Ludovic Orban continues to say that dropping the income tax exemption some IT employees currently get is a good thing and that equal fiscal treatment for all citizens and comp...
Government to Postpone Bill Doubling Child Allowances
Romanian Prime Minister Ludovic Orban announced on Friday that the government will postpone the coming into force of a law that woudl double child allowances until it finds the financial res...
Finance Minister Pledges to Raise Private Pension Contributions to 6% in 2021
Romania's government will raise contributions to mandatory private pensions (Pillar II) to reach 6% of contributors' gross wage from the current share of 3.75%, finance minister Florin Citu...
Romanian President Signs 2020 Budget Bill into Law
Romanian President Klaus Iohannis signed on Monday a decree enacting the country’s 2020 budget law, according to the Presidential Administration.