Social/Politics
Business Sector To Govt: New Taxes Cause Shock and Chaos in the Economy. Stop!
The business sector had a very harsh reaction to the government’s proposed new taxes in banking, energy and telecom sectors, asking it to stop. The Bucharest Stock Exchange lost 11% and fell...
Pension Pillar II Contributors Lost EUR330M On Stock Price Decline
The 7.2 million Romanians contributing to the mandatory private pension pillar known as Pillar II lost EUR300 million Wednesday as the government's planned tax measures caused stocks to plum...
President: Government’s Planned Fiscal Measures Will Throw the Economy into Chaos
Romanian President Klaus Iohannis said on Wednesday that the new fiscal measures announced by the Government will have serious negative effects on the economy and were not discussed with any...
Romanian Parliament Passes Pensions Bill
Romania’s lower chamber approved on Wednesday a new pensions bill with 193 votes for, one against and 14 abstentions.
Association: Government’s Planned Measures For Private Pension Pillar II Throw Romania Into Chaos
The Government’s planned measures for the mandatory private pension Pillar II disband de facto this money saving system, with a devastating impact on Romanians’ future income, the capital ma...
Bucharest Stock Exchange Loses Whole Year's Gains in Wednesday Session
The main index of the Bucharest Stock Exchange lost 8.6% by midday Wednesday, in just two hours of trading, losing the entire year's growth on concerns over government plans to impose new ta...
Romania Seeks to Cap Natural Gas Prices At RON68 Per Mwh until Feb 2022
Romanian Finance Minister Eugen Teodorovici announced on Tuesday, in a press conference outlining a series of new fiscal measures, that natural gas prices in the country will be capped at RO...
Romanian Govt To Draft 2019 Budget on 5.5% GDP Growth
Romania's draft state budget for 2019 will be based on a gross domestic product of RON1,022 billion, a projected economic growth of 5.5% and a deficit below 3% of GDP, finance minister Eugen...
Nuclearelectrica Approves Dividends of RON485.4M
Shareholders of Romania's state-owned nuclear power producer Nuclearelectrica on Monday approved the distribution of dividends totaling RON485.4 million, requested by the Romanian state as m...