Social/Politics
Private Pension Pillar II To Become Optional, Says Minister
Romanian labor minister Lia Olguta Vasilescu said Monday evening that the country’s mandatory private pension Pillar II will become optional.
Eurostat: Romania Ranks Fifth In The EU By Percentage Of Population In Arrears With Mortgage
Romania places fifth in a ranking of European Union member states regarding the percentage of population in arrears with mortgage (payments more than 90 days overdue), with 19.7% of its popu...
Romania Is Losing 140,000 People A Year Or Almost EUR2B In Wages Alone
Romania’s economy is losing some EUR2 billion every year because 140,000 people ‘vanish’ from statistics, either due to migration abroad or to the negative birth rate.
EC Urges Romania To Address Budget Deficit, Voices Concern About Judicial Reform
The European Commission on Wednesday urged Romania to address its budget deficit and voiced concern about the country’s judicial reform, questioning the irreversibility of progress made so f...
Ruling Party Leader Denies Plans For Abolishing Pension Pillar II
Romania ruling party PSD leader and Lower Chamber speaker Liviu Dragnea on Monday said there are no plans within the Government or the ruling PSD – ALDE coalition to abolish Pension Pillar I...
Contribution Freezes and Cuts Cost Romanians EUR1.1B of Future Private Pensions
Non-observance of the calendar to raise contributions to private pension Pillar II to 6% of gross income has had an impact of EUR1.1 billion in terms of unpaid contributions, Romania's assoc...
AmCham Romania Urges Preservation of Current Private Pension System
AmCham Romania (the American Chamber of Commerce in Romania), which represents over 430 American, multinational, and Romanian companies, on Tuesday called for the preservation of Romania's c...
Supreme Court Acquits Former PM, Minister Accused Of Corruption Offences
Romania’s Supreme Court on Thursday acquitted former prime minister Victor Ponta and former minister Dan Sova in a case of money laundering, tax evasion and forgery in deeds by private signa...
Romanian Central Bank Governor Might Retire in 2019
Romanian central bank governor Mugur Isarescu might retire in 2019 upon expiry of his term at the central bank and reaching the retirement age of 70 but Parliament will ultimately decide, he...