Social/Politics
Romanian President Signs Off On 2019 State Budget Bill
Romanian President Klaus Iohannis on Friday signed off on the 2019 state budget bill after criticizing the ruling party for rejecting his re-examination request.
Romanian Parliament Adopts 2019 State Budget Bill Again, Unchanged
Romanian lawmakers on Wednesday adopted the 2019 state budget bill unchanged, rejecting President Klaus Iohannis' request for reexamination.
Romania's Finance Ministry Amends Bank Tax This Week
Romania's finance ministry will finish this week a draft of changes to the emergency decree 114/2018 that introduced a tax on bank assets and raised capital requirements for mandatory privat...
Bank Tax Prompts Raiffeisen Bank International To Reevaluate Romanian Operations
Raiffeisen Bank International will reevaluate its operations in Romania following the government's introduction of a tax on banks' financial assets in December 2018, RBI CEO Johann Strobl sa...
Romanians May Stop Contributing to Mandatory Private Pensions after 5 Years
Romanians who contributed for at least five years to the mandatory private pension system known as Pillar II may choose to stop contributing, according to a norm issued by the country's fina...
Parliament to Hold Vote on 2019 Budget Bill on Wednesday
Romanian lawmakers are set to debate and vote on the 2019 budget bill for a second time on Wednesday after President Klaus Iohannis sent the bill back for re-examination.
Government Passes Budget Caps Decree
Romania’s Government passed on Tuesday an emergency decree which sets caps for specific fiscal-budget indicators used in the 2019 state budget bill after a similar Parliament bill was reject...
Romanian Fiscal Council Sees 2019 Budget Deficit at 3.5% of GDP
Romania's Fiscal Council said Monday the country's budget deficit could reach 3.5% of gross domestic product this year, well above the EU limit of 3%, as the state budget is undervalued.
Romania's Sovereign Investment Fund to Have RON19.11B Share Capital
Romania's Sovereign Fund for Development and Investments (FSDI) will have a share capital of RON19.11 billion, according to a draft government decision published Friday.