Social/Politics
Central Bank Study Shows Bank Tax Could Wipe Out 1.71 Points of GDP Growth in 2019-2020
Romania's tax on banks' financial assets could wipe out a total of 1.2 to 1.71 points of the country's economic growth in 2019 and 2020, according to an impact study by the central bank, pre...
EC Calls on Romania to Correctly Transpose EU Rules on Natural Gas Market
The European Commission on Thursday decided to send a letter of formal notice to Romania for failing to correctly implement certain requirements of EU directives and regulations after the co...
President Sends 2019 Budget Bill Back to Parliament
Romanian President Klaus Iohannis announced on Wednesday that he will resend the 2019 state budget to the Parliament, after the Constitutional Court rejected his challenge on the bill earlie...
EIB Lends EUR12M To Alba County For Extension, Modernization Of Water Supply And Sanitation Services
The European Investment Bank (EIB) is lending EUR12 million to the Alba County Regional Water Company to finance, in conjunction with Cohesion Policy funds, upgrades in drinking water supply...
Constitutional Court Rejects President's 2019 State Budget Challenge
Romania’s Constitutional Court rejected on Wednesday a challenge filed by President Klaus Iohannis against the 2019 state budget bill but approved his separate challenge over a bill that cap...
Romania to Relaunch Tenders for Two Lots of Craiova-Pitesti Expressway
Romania's roads authority CNAIR will organize new tenders for the third and fourth lots of an expressway linking the cities of Craiova and Pitesti in southern Romania and hopes to contract t...
Romanian Finance Ministry Vows to Change Bank Tax
Romania's finance ministry is working to change a controversial levy on banks' assets, disconnecting it from the level of money market interest rates and exempting certain types of assets fr...
Finance Ministry Issues Household Bonds in March
Romania's finance ministry will continue its household bond program in March with interests of up to 5%, it said in a press release Friday.
EIB Group Invests EUR1.3B in Projects in Romania in 2018
The European Investment Bank Group (EIB Group), comprising the European Investment Bank (EIB) and its subsidiary, the European Investment Fund (EIF), provided EUR1.311 billion in loans, guar...