Social/Politics
European Commission Launches Three Infringement Procedures Against Romania
The European Commission decided on Thursday to launch three formal infringement procedures against Romania for not implementing EU legislation, in the areas of internal markets and the envir...
Government Changes First Home Program, Introduces Fixed Interest on Mortgage Loans
Romania's government backed mortgage lending program for first time homebuyers will be changed as of late June under a draft emergency government decree published at the end of May.
Finance Ministry Continues Household Bond Program in June
Romania's finance ministry will continue its household bond program in June with interests of up to 5%, it said in a press release Monday.
Government Lowers Capital Hike Requirements for Private Pension Fund Admins
Romania's government has lowered share capital hike requirements for mandatory private pension funds (Pillar II) introduced through a controversial tax decree in December 2018.
Government Replaces ROBOR with New Reference Index for State-Sponsored Lending Programs
Romania's government on Thursday adopted a draft decree replacing the reference index used to calculate variable interests on state-sponsored lending programs, finance minister Eugen Teodoro...
Romanian Liberals Win European Parliament Election Amid Record Turnout
Romania’s Liberal Party won the largest score in the European Parliament elections on Sunday, as the country’s ruling coalition slumped to almost half of its 2016 parliamentary elections sco...
Isarescu Warns New Loan Reference Index Won't Work Miracles
The new reference index for consumer loans, introduced in May, shouldn't be regarded as a miracle that will bring justice to everyone because the market is competitive and banks may set thei...
Romanian Government Adopts Decree Reducing VAT for Organic, Traditional Foods
The Romanian government adopted on Tuesday an emergency decree which reduces the value-added tax rate from 9% to 5% for organic, traditional, and mountain-area food products.
Nuclearelectrica Denies Additional Dividends to Romanian Government
Romania's state-owned nuclear power producer Nuclearelectrica (SNN.RO) said Monday it was not in a position to pay the government additional dividends from its reserves.