Social/Politics
Pillar II Pension Funds Had Average Annualized Yields of 8.03% in Ten Years
Mandatory private pension funds in Romania (Pillar II) had a total yield of 127.1% between 2008 and 2018, meaning an average annualized yield of 8.03% throughout the existence of this pensio...
Kaufland Romania To Raise Minimum Income For Its Employees
Retailer Kaufland Romania said it plans to raise the minimum monthly income for employees in its stores to a gross RON3,300 and update its employee benefit package as of March 1.
Central Bank Official Warns Tax Decree Might Drive Pension Pillar II Admins Away
Central bank chief economist Valentin Lazea on Monday warned most if not all seven administrators of mandatory private pension funds, known as Pillar II, are looking to pull from Romania ove...
President Challenges 2019 Budget At Constitutional Court
Romanian President Klaus Iohannis challenged the 2019 budget bill at the Constitutional Court on Friday, calling it a "budget of national shame" and criticizing the country's Government for...
Presidency: 2019 Budget Disregards Economic Context
Romanian President Klaus Iohannis criticized yet again the 2019 state budget bill adopted in Parliament last week and said that the current government is "one of imposture", in a message rel...
ING Survey: Over 60% of Romanians Expect To Be Working Beyond Retirement Age
Around 54% of Europeans expect to continue working after retirement age, with the highest rates among Romanians and Czechs (63%), according to the ING International Survey Savings 2019 relea...
Government Approves RON2B Guarantee Budget for 2019 First Home Program
Romania's government on Tuesday approved a guarantee budget of RON2 billion this year's state-guaranteed First Home program for first time homebuyers.
Energy Ministry Looks into Merging Hidroelectrica and CE Oltenia
Romania's energy ministry is analyzing a proposition to merge state-owned hydropower generator Hidroelectrica and coal-based energy holding CE Oltenia, state secretary Doru Visan said Tuesda...
Macro-Prudential Supervision Committee Says It Found Potential Solutions to Amend Tax Decree
Romania's national committee for macro-prudential supervision announced Monday it has identified solutions and possible scenarios to amend a controversial government decree introducing new t...