Social/Politics
Central Bank Governor: Wages Should Go Up to Mitigate Workforce Drain
Wages in Romania should go up to mitigate the labor force drain, but in certain conditions and with complementary benefits, Romanian central bank governor Mugur Isarescu said Thursday.
PM Says Romania Has Resources To Pay Pensions And Salaries
Romanian Prime Minister Viorica Dancila said at the beginning of Wednesday’s Cabinet meeting that the Government has the necessary funds to pay state pensions and salaries, despite rumors to...
Romania Won't Raise Minimum Wage In November, PM Says
Romanian Prime Minister Viorica Dancila said Wednesday that the country’s minimum wage will not increase starting with November, as was proposed by the Prognosis Commission, but that the ris...
Union: Price of Bread in Romania Could Grow by 20% by December
The price of bread could grow by 15-20% by December, due to lower wheat output this year, affected by severe weather in some areas of Romania, said Dragos Frumosu, head of Romania's food ind...
President: Romania Will Not Accede To The Eurozone Too Soon
Romanian President Klaus Iohannis said Thursday that Romania’s adoption of the euro will not happen soon due to internal delays, though also announced that he will restate the country’s inte...
New Lending Restrictions Applicable Starting January 1, 2019
New lending rules limiting the allowed indebtedness ratio on mortgage and consumer loans will be applicable starting January 1, 2019, the central bank said in a statement.
Romanian Central Bank Caps Indebtedness Ratio for Consumer, Mortgage Loans
Romania's central bank board on Wednesday approved new lending rules, limiting the indebtedness ratio allowed for consumer loans and mortgage loans.
SMEs May Access EUR29M in State Aid for IT Projects Starting December
Small and medium-sized enterprises (SMEs) and micro-enterprises will be able to access funds totaling over EUR29 million for development, research and innovation projects via two state aid s...
AmCham: New Pension Bill Mustn't Create Budget, Macroeconomic Imbalances
AmCham Romania, an organization consisting of 430 companies, expressed concern Wednesday over the government's recent approval of a new pension bill that would significantly raise social sec...