government

Romania is explicitly mentioned 12 times in the report prepared by the Office of the United States Trade Representative (USTR), based on which the Trump administration decreed the imposition of 20% customs tariffs on European Union countries, triggering...

Romania’s budget deficit will amount to 8.6% of GDP in 2024 (cash methodology), according to a GEO draft published by the Ministry of Finance and adopted by the Government on Wednesday. The government raised the deficit target to...

Financial consultancy company McKinsey Global Institute showed in a study from 2023 that the increase of assets prices in the United States of America in the last two decades created approximately 160 trillion dollars of “wealth on paper”. During the...

The Government is preparing the public for the first measures aimed at avoiding the budget slippage, which would be applied by the PSD-ALDE government. News agencies published, on Wednesday night, a series of information – provided „on sources”...

  The opinion issued in December by the Legislative Council on Ordinance 114 (which establishes, among other things, the „tax on greed”) contains no less than 23 pages of comments and proposals and asks for amending the text....

The Ministry of European Funds has taken out Iasi-Tg. Mures highway project from the Large Infrastructure Operational Programme 2021-2027 and the Ministry of Transport already speaks of this project as a „connectivity alternative” to A13 Bacau-Brasov. The Ministry...

The Government adopted on Thursday the ordinance that provides for the general framework for the establishment of a Sovereign Fund. Later, after new talks with ALDE coalition partners, Social Democrats will also impose a government decision to establish...

Nuclearelectrica (SNN) and Romgaz (SNG) have calculated the additional dividends to be paid to the state after the Ministry of Finance (MFP) sent to the big state-owned companies the measures they need to take to redistribute their reserves...

The Foreign Investors Council urges the Government, in the view of the proper functioning of the economy, to stop the regulating practice through emergency ordinances and return to serious consultations, especially when it wants to change the rules...

The Government adopted on Thursday the draft Emergency Ordinance for amending and supplementing legislation in the field of insolvency, which provides among other things for the transformation of budgetary receivables into shares. Business people could get rid of...

Despite the assurances that Dancila government is concerned and intensely working on the road infrastructure projects, at the budget amendment the Transport Ministry has cut the amount allocated to major investments in 2018 or not allocated any penny...

Rating agency Standard & Poor’s confirmed on Friday ratings for long- and short-term debt in foreign and local currency to „BBB-/A-3” with a stable outlook, Agerpres announced. At the same time, the agency also motivates why it has...

Reducing contributions to Pillar 2 of the pension system will also amputate the contribution to future private pensions resulting from investments in large Romanian companies. Also, the companies’ capacity to develop by attracting resources on the capital market...

Under the promise of reducing bureaucracy and increasing efficiency in the public procurement procedure, the Government approved on Thursday an emergency ordinance that brings essential changes in the field. Basically, the most important changes are: Thresholds over which...

The Government adopted on Thursday the emergency ordinance on public-private partnership (PPP), which amends previous regulations. The law from 2016 remained inapplicable because „ implementing rules to which it refers have not been adopted„, writes in the explanatory...

The National Bank of Romania (BNR) surprised a part of the market on Monday with the decision to raise its monetary policy rate to 2.5% (from 2.25%). The increase in the key rate occurred despite the auspices that...

On Wednesday, the Government adopted an Ordinance aimed at establishing a commission for preparing the timetable for Romania’s accession to the single European currency. Prime Minister Dancila’s initiative was preceded by PSD President Liviu Dragnea, who said at...

Representatives of the Coalition for the Development of Romania (CDR), an initiative of the Romanian business community coordinated since the beginning of this year by Dragos Anastasiu (President of the Romanian-German Chamber of Commerce) (photo), presented the priorities...

The Government approved on Thursday a memorandum that includes a series of measures targeting publicly owned or controlled companies. Basically, the document forces the state-owned companies to participate in public tenders organized by institutions and authorities funded by...

Prime Minister Viorica Dancila, who is aspiring to the position of PSD executive president, promoted the sons of PSD Vaslui and Neamt presidents to government positions. According to the decisions published in the Official Gazette: Tudor Buzatu, the...