Social/Politics
Transgaz Approves Additional Dividends of RON13.5M
Romania's natural gas transmission company Transgaz Medias (TGN.RO) will be distributing additional dividends totaling ROBN13.5 million, of which RON7.8 million to the Romanian state, which...
New Business Goals for Romania: Education, Healthcare and Infrastructure
100 years from becoming whole and 29 years from the fall of the communist regime, Romania is at the bottom of the EU ranking by infrastructure, spends the least in the entire EU on healthcar...
Finance Minister: 2019 Budget Will Be Forwarded To Parliament By Mid-December
Romanian finance minister Eugen Teodorovici said Tuesday the 2019 state budget bill would be sent to Parliament for approval by mid-December, adding the budget will be “more strictly constru...
Romania's Budget Deficit at 2.2% of GDP in Jan-Oct, Finance Minister Says
Romania's consolidated budget posted a deficit of 2.2% of gross domestic product in January-October, finance minister Eugen Teodorovici said Tuesday, adding the country won't exceed the 3% d...
Romanian Senate Approves New Pension Bill
The Romanian Senate approved on Monday a pensions bill adopted by the Government in October, following two previous failed votes due to a lack of quorum.
Romanians May Buy Two-Year Household Bonds at 4.5% Interest Starting Nov 26
Romania's finance ministry has launched a new household bond issue to mark the country's centennial and Romanians may buy two-year bonds at an annual interest rate of 4.5% in the period Nove...
Court Invalidates Bucharest City Hall's Decision To Establish Municipal Companies
The Bucharest Court of Appeals ruled Thursday to invalidate all city hall decisions establishing municipal companies, taken in 2017, following a lawsuit by political party USR. City Hall lat...
Government Readies Second Budget Revision of 2018, Keeps 2.97% Deficit Target
Romania's finance ministry has drafted this year's second budget revision plan while keeping its budget deficit target at 2.97% of gross domestic product.
European Commission Urges Romania to Adjust Ballooning Public Deficit
Romania's public deficit is seen reaching 3.3% of gross domestic product this year and the European Commission recommends an annual structural adjustment of at least 1% of GDP in 2019.