Social/Politics
Romanian Parliament Adopts 2019 State Budget
Romanian lawmakers on Friday adopted the 2019 state budget with 275 to 122 votes.
Romanian Lawmakers Amend Law to Raise 2019 Deficit Target to 2.76% of GDP
Romania's lower chamber of Parliament on Friday adopted an amendment to the national law capping the budget deficit to raise the deficit target to 2.76% of gross domestic product for 2019 fr...
Central Bank Says Disconnecting Bank Tax from Money Market Rates Is Crucial
Board members of Romania's central bank said it is essential that the country's new tax on banks' financial assets is disconnected from benchmark rates on the interbank money market rates su...
Parliament Approves 2019 Budget Amendment Increasing Child Allowances
The combined chambers of the Romanian Parliament approved on Thursday a Liberal Party amendment to the 2019 budget bill which raises allowances for children aged 2-18 to RON150 from the curr...
Finance Ministry Official Says Bank Tax on Assets is Quarterly
Romania's tax on banks' financial assets is to be levied quarterly on the quarterly assets balance, an official at the Ministry of Finance said Thursday.
EC Allots EUR517M for Bucharest Airport Metro Line
The European Commission on Wednesday approved EUR517 million financing for a new metro line in Bucharest that would eventually run to the Otopeni international airport.
Isarescu Says Bank Tax Is an Attack on Central Bank Independence
Romanian central bank governor Mugur Isarescu said the tax on bank assets is an attack on the independence of the institution, as it hinders monetary policy.
Central Bank Governor Tells Senators How ROBOR Index Works
The money market interest rate known as ROBOR was not manipulated, central bank governor Mugur Isarescu told members of the Senate's budget and finance committees at a hearing Tuesday.
Romanian Government Adopts 2019 Budget, Targets Deficit at 2.55% of GDP
Romania's government on Friday adopted the 2019 state budget, built on an economic growth projection of 5.5%, which critics said is overly optimistic, and targeting a deficit of 2.55% of gro...