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Finance

pension

Romania’s government plans to freeze contribution for second pension pillar at 5.1 pct in 2017

Finance January 23, 2017 13:02 0 comments

The center-left government led by Sorin Grindeanu has put out a draft emergency ordinance that would freeze the contributions to Pillar II, of the mandatory pensions fund, to last year’s level of 5.1 percent. According…more »

rsz_sorin_grindeanu_pm

Romania’s draft budget for 2017 based on 5.2 pct economic growth estimate

Finance January 23, 2017 11:43 0 comments

Romania’s draft public budget for 2017 is based on a growth estimate of 5.2 percent of GDP this year, above the expectations of economists. In addition, the budget deficit limit for this year is set…more »

money.sxchu_1

Public Finance Ministry gets EUR 730 mln from banks in bond auction

Finance January 17, 2017 10:28 0 comments

The Public Finance Ministry raised EUR 730 million from banks on Monday, more than double than it was scheduled, through a 6-year bond issue, at an average yield of 3.14 percent per year. The nominal…more »

GDP economic growth

INS revises Romania’s economic growth estimate in Q3 to 4.3 pct of GDP

Finance January 13, 2017 13:23 0 comments

The National Institute of Statistics (INS) revised the estimations published at the beginning of December for the third quarter of 2016 from 4.4 percent to 4.3 percent, compared with the same period of 2015, both…more »

"statistics"

World Bank: Romania’s economy to grow slower by 2019

Finance January 11, 2017 14:42 0 comments

Romania’s economy is set to grow by 3.7 percent in 2017, by 3.4 percent in 2018 and by 3.2 percent in 2019, estimates the World Bank in the report regarding the World Economy Perspectives. For…more »

Samsung-Next

Samsung to provide USD 150 mln in venture capital to emerging tech startups

Finance January 10, 2017 13:55 0 comments

Samsung NEXT, previously known as Samsung Global Innovation Center, announced the launch of the Samsung NEXT Fund, an investment fund of venture capital type of USD 150 million, that has the purpose of offering more…more »

minimum wage

Romania’s minimum wage to be hiked by 16 pct in February

Finance January 05, 2017 16:49 0 comments

The gross minimum wage for employees in Romania will go up by 16 percent to RON 1,450 starting February, according to a draft bill published by the Ministry of Labor. Before being enacted into law,…more »

"klaus iohannis sorin grindeanu"

President Iohannis asks Grindeanu government to increase Romania’s role in EU-NATO, manage economy responsibly, support independent judiciary

Finance January 05, 2017 09:11 0 comments

President Klaus Iohannis has asked the ministers of the new government led by Sorin Grindeanu to make sure that the country doesn’t register fiscal slippages that could hurt the public finances. The head of of…more »

"statistics"

Romania’s economic outlook in 2017: Growth to fall back to 4.1 pct of GDP, says Nomura

Finance December 29, 2016 18:05 0 comments

The Romanian economy is set to grow by 4.1 percent of GDP next year, after expanding  by 5 percent this year, according to a report by Nomura investment bank for 2017, which covers emerging economies.…more »

RON depreciates

Romanian currency close to 3-year low against euro as political crisis takes center stage

Finance December 28, 2016 14:15 0 comments

With negotiations for the formation of a new government at a standstill, the Romanian RON took a battering against the main foreign currencies on Wednesday. The Romanian currency lost 0.10 percent against the European common…more »