Fitch Ratings: Romania Election Does Not Allay Medium-Term Fiscal Uncertainty
12.11.2020
Romania’s general election result points to continued political uncertainty and hence a still-challenging policy-making environment and the need to pass a 2021 budget will be a near-term test of the next administration’s cohesion and an indication of likely fiscal policy settings, Fitch Ratings said
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Special Construction Tax Postponed For 90 Days
12.30.2024
The introduction of the special construction tax should be postponed for 90 days, sources close to the talks say, during which the government... more
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Government Adopts Ordinance On Curbing Budget Deficit
12.30.2024
The government on Monday announced the adoption of the emergency ordinance aimed at curbing budget deficit to 7% in 2025, as undertaken before the... more
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No Special Construction Tax Yet, PM Ciolacu Says
12.30.2024
The special construction tax will not be levied unless enforcement guidelines have been issued first and the finance minister has had talks with... more
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Hospitality Industry Entrepreneurs, Travel Agencies Call on Romania Govt to Drop Plan to Eliminate Holiday Vouchers
12.20.2024
Hospitality entrepreneurs and travel agencies are calling on Romania government to give up its plan of doing away with holiday vouchers starting... more
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Deloitte: Winter Holiday Spending in Romania Set to Rise 8% in 2024 amid Price Increases
12.16.2024
Deloitte: Winter Holiday Spending in Romania Set to Rise 8% in 2024 amid Price Increases more
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Life Group: Over 250,000 Romanians From Diaspora Expected In Romania In Dec For Winter Holidays, Dental Treatments
12.09.2024
Over 250,000 Romanians from diaspora are coming to Romania during the month of December for the winter holidays and many of them are set to undergo... more
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Romanian Constitutional Court Annuls First Round Of Presidential Vote
12.06.2024
Romania's Constitutional Court has annulled the result of the first round of the country's presidential election, on Friday (Dec 6). more
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European Commission Approves Romania’s EUR400M Aid Scheme For Drought-hit Farmers
10.24.2024
The European Commission has approved a EUR400 million Romanian state aid scheme to compensate farmers affected by severe drought, the Commission... more
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Deloitte: 83% Of Gen Z Respondents Aged 23-27 Have Plans For The Future
10.11.2024
An impressive share of 83% of the Gen Z respondents (aged 23-27) have plans for their future, and 38% of them think at least three years ahead,... more
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Genesis Property: 8 in 10 Employees Believe They Would Adapt to Daily Work in the Office Should Employers Decide This
10.10.2024
Employees are starting to gradually adapt to the pre-pandemic work patterns, so that over 82% of them believe they would not have any problem... more
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Romania Pillar II Pension Funds Reach Record High EUR30B Assets
10.07.2024
The seven Pillar II private pension funds in Romania, in which 8.2 million Romanian employees contribute with part of their monthly gross income... more
The Ministry of Energy and the companies Reţele Electrice Muntenia, Reţele Electrice Banat and Reţele Electrice Dobrogea (part of
moreMore than 3,600 companies went insolvent in the first half of 2024, which translates into a 5.8% increase compared to the first six
moreRomania's energy ministry has signed 27 financing contracts worth a total RON138.2 million which target investments in the local
moreBucharest’s short-term rental market had a booming post-pandemic evolution considering that in 2023 alone, the industry generated
moreThe volume of real estate deals in Romania posted an 131% advance in the first half of this year, to EUR418 million, marking the
moreThe assets of open-end equity funds in Romania, which have three times fewer investors than bond and fixed income funds, increased by
moreRomania smartphone market is expected to be flat at around 3.5-3.6 million units this year as in recent years there’s been a downward
moreFiscal deficits will remain elevated in Romania in the medium term: 4.7% of GDP (cash basis) in 2024, compared to the 2.9% target set
moreAnalysis
Survey: Romania Could Increase Its GDP By 10% Until 2050 By Boosting SavingsRomania could increase its gross domestic product (GDP) by 10% until 2050, generating an additional contribution of EUR575 billion by boosting savings and redirecting them towards lucrative investments, according to a survey conducted by McKinsey&Company in spring 2022.