Social/Politics
Private Pension Funds in Romania Had Assets of RON61.53B End-September
The assets managed by private pension funds (Pillar II and Pillar III) reached RON61.53 billion (EUR12.95 billion) after the first nine months of 2019, up 24.04% compared with end-2018, data...
Romania Seeks to Drop Extra Capital Requirements for Private Pension Funds
Romania's liberal government will eliminate additional capital requirements imposed on private pension fund administrators by the previous Cabinet, finance minister Florin Citu said Friday.
Romania's Government Sees 2020 Budget Deficit at 3.6% on Higher Revenues, Lower Spending
Romania's 2020 budget includes total spending of RON399.22 billion (35.4% of GDP), revenues of RON358.59 billion (31.8% of GDP) and a cash deficit of 3.6% of GDP, according to the government...
Labor Ministry Launches Bill Increasing Minimum Wage Into Public Debate
Romania’s Labor Ministry published on Wednesday, for purposes of public debate. a draft bill which increases the country’s monthly gross minimum income. The project increases the minimum wag...
Parliament Passes Bill Eliminating Fuel, Part-Time Contracts Overtaxes
Romania’s Lower Chamber adopted on Wednesday, as a deciding body, a bill which eliminates overtaxes for fuel and part-time contracts from the country’s Tax Code.
Romania PM Assures 2020 State Budget Will Be Ready By 15 December Deadline
Romanian PM Ludovic Orban on Tuesday gave assurances the country’s 2020 state budget will be ready until the December 15 deadline, saying it should be adopted in Parliament until the end of...
Romania Registers Drops In All PISA Test Scores
Romania has registered its lowest scores in the past decade in the PISA test published on Tuesday, which measures the performance of 15-year old students. According to the ranking, 44% of Ro...
Government to Repeal Part of Controversial Tax Bill
Romania's liberal government will fast-track a bill to repeal several provisions of a controversial tax bill adopted by the previous social-democrat government, prime minister Ludovic Orban...
Fiscal Council Head Warns Pension Hike Could Push Budget Gap to 8% in 2022
Romania's new pension law, which would raise public pensions by 40% starting September 2020, complicates budget construction for the next years and would take social assistance spending from...