Social/Politics
Romanian Parliament To Vote On No-Confidence Motion Thursday
The Romanian Parliament on Thursday debates and votes on the no-confidence motion pushed by the opposition against the Tudose Cabinet.
What Will Courts Have To Say About Net Salary Cuts?
Employers who cut the net salaries of their employees as of 2018 because of the transfer of the social security tax from employers to employees might find themselves taken to court by disgru...
Four in 10 Companies Await Decisions from Parent Companies, 45% Say Will Keep Net Wages Unchanged
Nearly four in ten companies (37%) are awaiting decisions from parent companies regarding wages under the new Tax Code, according to a study by human resources company Adecco.
Romania Seeks EUR35M World Bank Loan to Build Highway
Romania's government on Wednesday adopted a memorandum agreeing to seek a World Bank loan of up to EUR35 million to fund preliminary activities for the construction of a highway section to B...
Government Approves Second Budget Revision This Year on Higher Economic Growth
Romania's government on Wednesday approved this year's second budget revision, still keeping the projected deficit below the EU-limit of 3% of GDP but raising the country's economic growth p...
EC Says Romania's Challenges to Judicial Independence Raise Serious Concern
Challenges to judicial independence are a serious source of concern and, while Romania has made some progress under the Cooperation and Verification Mechanism (CVM), reforms have stalled and...
Romanian Leu Hits All-Time Low At 4.6495 Vs Euro
The Romanian leu has continued its downward trend against the euro by midday Monday and the central bank set the leu’s reference rate versus the euro at an all-time low of 4.6495 units.
Romania's Ruling Coalition Leader Indicted For Abuse Of Office And Embezzlement
Romanian anticorruption prosecutors on Monday indicted social democrat leader and Lower Chamber speaker Liviu Dragnea of abuse of office, embezzling EU funds and setting up an organized crim...
Romanian Government Lowers Private Pension Contributions
Romania's government on Wednesday approved an emergency decree lowering contributions to a mandatory private pension system known as pillar II to 3.75% from 5.1%.