Social/Politics
World Bank Raises Romania's GDP Growth Forecast to 4.2% in 2019
The World Bank has raised its economic growth projection for Romania to 4.2% in 2019, from its April forecast of 3.6%, and to 3.6% for 2020, from a previous forecast of 3.3%, according to it...
Leonardo Badea Resigns as President of Financial Watchdog for Central Bank Job
Leonardo Badea has resigned from his position of president of the financial supervision authority ASF, effective October 11, 2019, to take on a new position as deputy governor at the central...
City Hall Needs 425 Years to Make Bucharest Buildings Earthquake-Proof
Romania's capital Bucharest has 2,550 buildings at risk of collapse in case of earthquake and, at the current pace of consolidation works, it would take City Hall 425 years to consolidate al...
EIB Lends Over EUR21M For Thermal Rehabilitation Of Buildings in Bucharest’s Sector 2
The European Investment Bank (EIB) has agreed to lend EUR21.1 million, the first tranche of an approved EIB loan of EUR63.6 million, for financing the third phase of the energy efficiency in...
Romania Private Pension Funds Had Assets of RON57.43B in 1H/2019
The assets managed by private pension funds (Pillar II and Pillar III) reached RON57.43 billion (EUR12.13 billion) in the first half of 2019, from RON45.6 billion in the first half of 2018,...
Bucharest Metro Mainline 2 To Get Extension on Southern End
Romania's transport ministry, metro operator Metrorex and Bucharest's sector 4 city hall signed a protocol Tuesday regarding the construction of a new overground metro station in southern Bu...
Romanian Energy Regulator Seeks to Halt Gas Price Cap To Appease EU
Romania's energy regulator ANRE has proposed to cut short the period during which household consumers get domestic natural gas at capped prices to avoid infringement procedures from the Euro...
Fitch: Romanian Politics Could Complicate Economic Policy; Deficit Seen at 3.4% of GDP
The break-up of Romania's governing coalition increases political uncertainty ahead of a busy electoral calendar and amid a backdrop of rising macroeconomic imbalances, Fitch Ratings said in...
CIECH Soda Romania Halts Production, Starts Voluntary Layoff Program
Ciech Soda Romania, part of Polish group Ciech, has started a voluntary layoff program at the soda factory in Ramnicu Valcea after failing to reach an agreement with local technological stea...