Social/Politics
Bucharest Subway Employees Go On General Strike Next Week
Bucharest subway worker unions announced on Friday that they have decided to go on general strike on an indefinite basis, starting with next Wednesday, in the context of failed CBA negotiati...
Government Adopts Decree Setting Legal Framework For Establishing Sovereign Funds
Romania's Government on Thursday adopted an emergency decree setting the general legal framework for the establishment of sovereign investment funds, finance minister Eugen Teodorovici said...
Bucharest Subway Workers Go On Two-Hour Warning Strike Thursday
Union leaders of workers from Bucharest’s subway system on Thursday rejected the latest wage increase offer for a new collective bargaining agreement made by state-owned subway operator Metr...
EC Requests That Romania End Its VAT Split Payment Mechanism
The European Commission has decided to send a letter of formal notice to Romania for applying a split payment mechanism for VAT, the EC said in a press release Thursday.
EC: Romania's CE Hunedoara Must Pay Back EUR60M Incompatible State Aid
The European Commission has found that energy producer Complexul Energetic Hunedoara (CE Hunedoara) received around EUR60 million of incompatible state aid from Romania through four publicly...
AmCham: Investments Not a Priority For Romanian Government in 2018
Romania's budgetary execution in the first nine months of 2018 indicates that the implementation of the investment plan is not a priority this year either, AmCham Romania, an organization co...
Study: Romanian Public Pensions System Set To Suffer A “Shock” In 2027-2031
Romania’s public pensions system will face serious difficulties between 2027 and 2031 due to population decline, with the problem to worsen by 2050, according to a study presented on Friday...
KazMunayGas, Romanian Government Establish Kazakh-Romanian Energy Investment Fund
KazMunayGas International (KMGI) and Romania's administration of state patricipations in the energy sector (SAPE), which is owned by the Ministry of Energy, on Friday signed the association...
Central Bank Governor: Romania Needs Comprehensive Vision for Euro Adoption
Romania's euro accession must be approached from a wider perspective, beyond comparisons with the accession rate of other countries in the region, central bank governor Mugur Isarescu said T...