Social/Politics
FP Warns Order on Regulated Energy Prices Will Lower State Revenues, Reduce Investments
Investment fund Fondul Proprietatea on Wednesday said it has serious concerns about the highly detrimental impact on energy companies, investments in the energy sector, Romania’s energy secu...
Fiscal Council Says Govt's 5.5% GDP Growth Projection Is Surprising, Unwarranted
Maintaining an economic growth projection of 5.5% in 2019 especially after the emergency decree 114/2018 introducing new taxes is surprising and unwarranted, Romania's Fiscal Council said in...
Fitch Ratings: Romania 2019 Budget Fails to Lift Fiscal Uncertainty
Romania's draft 2019 budget targets a reduction in the budget deficit, but is based on optimistic assumptions and fails to clarify uncertainty over the new bank tax, Fitch Ratings said in a...
Romanian Government To Issue Household Bonds With Up to 5% Interest
Romania's finance ministry will seek to borrow money from households instead of banks, with three new household bond issues with interests of up to 5%, it said in a press release.
AmCham Warns of Speedy Decrease in Quality of Public Policy, Law-Making, Governance In Romania
The American chamber of commerce in Romania (AmCham Romania) on Friday warned of the accelerated decrease in the quality of public policy, law-making and governance in Romania.
Romania Seeks to Raise CEC Bank Capital By RON940M
Romania's finance ministry plans to raise the share capital of state-owned CEC Bank by RON940 million, according to the 2019 state budget draft released late Thursday.
Romania Drafts 2019 Budget on 5.5% GDP Growth, Targets 2.55% of GDP Deficit
Romania's government targets a deficit of 2.55% of gross domestic product and expects economic growth of 5.5%, according to the 2019 state budget plan published late on Thursday.
Romania To Cap Electricity, Natural Gas Prices for Households Until 2022
Electricity and natural gas prices for household consumers will be kept unchanged until 2022 under provisions of a government decree and secondary legislation issued by the country's energy...
Romanian Energy Companies Expect Loss, Staff Cuts Over Additional Energy Tax
Energy companies in Romania expect losses and are considering staff cuts due to an additional tax the government decided to levy on the energy sector via emergency decree passed in December...