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Tag Archives: economy

President: Gov’t proves lack of responsibility and vision, must end taxation experiments. Iohannis asks Executive to come up with realistic budget

President Klaus Iohannis has launched a new attack against the Government on Tuesday day during the reception organized by the Romanian-German Chamber of Commerce and Industry at the Palace of Parliament, denouncing that the latest government measures prove a serious ...

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Foreign Investors Council voices disappointment with statement suggesting that “foreigners” aim to harm Romania

The Foreign Investors Council has also reacted to the recently adopted fiscal measures and to the statements made by the Romanian ruling leaders. “Public and political discourse keeps coming back to the role played in the economy by Romanian companies ...

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Fondul Proprietatea: The proposed fiscal measures are a ticking bomb for the Romanian economy

Fondul Proprietatea is highly concerned by the draft Government Emergency Ordinance (“GEO”) regarding fiscal and budgetary measures, published on 18 December 2018 by the Ministry of Finance. “The Pillar II Private Pensions risk to be destroyed and the sustainability of ...

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AmCham Romania: The pensions’ law draft must ensure the long-term sustainability of the increases it generates, without creating budgetary and macroeconomic imbalances

In the context of the recent approval by the Romanian Government of the Pensions’ Law Draft, AmCham Romania expresses its concern regarding the significant increase of the social security expenses that such project levies on the general consolidated budget. We ...

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EIB grants EUR 450 M loan to Romania’s for the Rural Development Programme

The EIB loan will co-finance rural development projects supported by EU funds totalling EUR 5.4 billion across the whole of Romania. It will support the modernisation of 3,000 farms and co-finance 400 projects focused on the processing and marketing of agricultural ...

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Romania is officially taking over the gas transport network in R. of Moldova

The Vestmoldtransgaz takeover by Transgaz has been concluded on September 6, minister of Economy announced, as quoted by Digi24. The deal has been inked in Chisinau after the final documents of the transaction have been signed by the Moldovan authorities ...

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President Iohannis slams Gov’t over mishandling the African swine fever outbreak

President Klaus Iohannis has asked the Government on Wednesday to take immediate actions to stop the spread of the African swine fever outbreak and to urgently compensate the affected pig farmers. The President’s request comes one day after the Agriculture ...

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Gov’t on President’s refusal to urgently summon CSAT: Blocking the budgetary rectification negatively affects the economy. Iohannis retorts: Lies

The government says that the refusal of President Iohannis to urgently summon the CSAT meeting to Ok the budgetary rectification is negatively affecting the economy. President Klaus Iohannis has convened the Supreme Defence Council of the country (CSAT) on September ...

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President sends Offshore law back to Parliament

President Klaus Iohannis has asked the Parliament to re-examine the law  establishing measures for the exploitation of Black Sea energy resources, the so-called Offshore Law, arguing it has a particular importance for Romania. The law had stirred controversies, with many ...

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