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Isarescu Agrees With Constitutional Court Ruling on CHF Conversion

Romanian central bank governor Mugur Isarescu said Tuesday the Constitutional Court ruling dismissing the Swiss franc loan conversion law at historical rates as unconstitutional is correct.

Oana Gavrila · 07.02.2017 · 16:36 · 1 min
Central Bank Governor Says 2017 Budget Is Ambitious
Banks-Insurance

Central Bank Governor Says 2017 Budget Is Ambitious

Romanian central bank governor Mugur Isarescu said Tuesday Romania's 2017 state budget, currently undergoing Parliament approval, is ambitious in terms of revenue and optimistic in terms of...

Oana Gavrila · 07.02.2017 · 16:16 · 1 min
Romanian Government Repeals Anti-Graft Decree
Social/Politics

Romanian Government Repeals Anti-Graft Decree

The Romanian government on Sunday repealed the decree decriminalizing certain graft offences, following five consecutive days of street protests in Bucharest and other major cities.

Gabriela Stan · 05.02.2017 · 18:00 · 1 min
Juncker, Timmermans: Romanian Government Should Not Undermine Fight Against Corruption
Social/Politics

Juncker, Timmermans: Romanian Government Should Not Undermine Fight Against Corruption

President of the European Commission, Jean Claude Juncker and First Vice-President, Frans Timmermans, said in a joint statement Wednesday that the Romanian government should not undermine th...

Gabriela Stan · 01.02.2017 · 15:07 · 1 min
World Bank OKs EUR60M Financing For Justice Services Improvement Project In Romania
Social/Politics

World Bank OKs EUR60M Financing For Justice Services Improvement Project In Romania

The World Bank approved Wednesday a EUR60 million financing to Romania for the Justice Services Improvement Project, the institution said in a statement.

Gabriela Stan · 01.02.2017 · 13:22 · 1 min
Romanian Government Adopts 2017 State Budget
Social/Politics

Romanian Government Adopts 2017 State Budget

Romanian government adopted the state budget for 2017, Finance Minister Viorel Stefan said late Tuesday, after the Cabinet meeting.

Gabriela Stan · 01.02.2017 · 11:57 · 1 min
Agriculture Ministry’s 2017 Budget Raised By 84% To RON17.383B
Social/Politics

Agriculture Ministry’s 2017 Budget Raised By 84% To RON17.383B

The 2017 budget of Romania’s Agriculture Ministry will be raised by 83.88%, to RON17.383 billion, from RON9.453 billion in 2016, according to a draft budget posted Friday on the Finance Mini...

Ecaterina Craciun · 29.01.2017 · 13:41 · 1 min
First Home Program Could Get Guarantees Worth RON2.5B In 2017
Real Estate

First Home Program Could Get Guarantees Worth RON2.5B In 2017

This year's government-guaranteed mortgage lending First Home program would have a guarantee budget of RON2.5 billion, down by RON440 million compared with 2016, according to a draft governm...

Gabriela Stan · 27.01.2017 · 15:58 · 1 min
European Commission Approves 11 Projects, Worth EUR500M, In Romania
Social/Politics

European Commission Approves 11 Projects, Worth EUR500M, In Romania

The European Commission approved 11 projects in Romania, which amount to EUR500 million and target the sectors of transport, water supply and integrated waste management, as well as preventi...

Ecaterina Craciun · 11.01.2017 · 12:45 · 1 min