Social/Politics
Romania Spent Only 25% of EU Funds Allocated for Large Infrastructure Projects
Romania absorbed only 25% of the funds allocated by the European Union for major infrastructure projects. The biggest infrastructure projects funded with EU funds include the rehabilitation...
Nadeem Ilahi to Oversee IMF Offices in Romania and Bulgaria
Romania and Bulgaria will be coordinated as of September 1, 2019 by the International Monetary Fund Regional Office for Central, Eastern and Southeastern Europe, headquartered in Warsaw, Pol...
Government Drafts Bill Changing Subsidized Mortgage Lending Program
Romania's finance ministry has drafted a bill changing the state-subsidized mortgage lending program to benefit families with or without children, capping the required monthly income and the...
GfK: Purchasing Power in Romania Grows, Regional Gaps Widen
Purchasing power in Romania grew 18% in 2018, to EUR5,083, from EUR4,556 in 2017 and EUR4,181 in 2016 but gaps between counties have widened, a study by GfK showed Wednesday.
Romanian Government Approves First Budget Revision This Year
Romania’s Government on Monday approved this year's first budget revision, government representatives confirmed for MEDIAFAX.
Fiscal Council Warns Budget Deficit Could Reach 3.7% of GDP
Romania's Fiscal Council said Thursday in its stance on the government's proposed budget revision the deficit could reach 3.4-3.7% of gross domestic product unless offset by credible measure...
Oracle Romania CEO Under Judicial Control on Corruption Allegations
Romanian anticorruption prosecutors have placed Oracle Romania CEO Sorin Mindrutescu under judicial control and set bail at EUR500,000 on bribe taking accusations.
Anticorruption Prosecutors Raid Oracle Romania Headquarters – Sources
Prosecutors from Romania’s National Anticorruption Directorate (DNA) carried out searches at the northern Bucharest headquarters of the Romanian branch of well-known US multinational tech co...
Budget Revision Draft Raises Revenues and Spending, Keeps Deficit Target at 2.76% of GDP
Romania's finance ministry on Tuesday released its proposed state budget revision draft, which raises expected revenues by RON3.75 billion, spending by RON3.9 billion and keeps the deficit t...