Category: Uncategorized

Romanian energy group OMV Petrom (BVB: SNP) will decide by the end of September on the special dividend, based on the progress of the investment projects, the impact of the present and future fiscal reforms implemented by the government, and the market conditions, the company’s CFO Alina Popa explained, quoted by Cursdeguvernare.ro.  The company has…

Romania’s teachers’ unions announced on August 5 that education minister Daniel David has pledged to ask prime minister Ilie Bolojan to drop some of the most contested measures from the government’s first package of reforms, Hotnews.ro reported. The unions said the minister made the commitment during a meeting with their representatives. Union leaders have strongly criticised…

Although the Romanian government is preparing two additional extensive reform packages, targeting mainly the spending cuts and a higher efficiency in the public administration, the 7% of GDP target for this year will not be met, with a level above 8% of GDP more likely, according to a research report by UniCredit Romania.  “Yet, we…

Deputy prime minister Tanczos Barna stated on August 4 that Romania’s second package of deficit-reduction measures cannot move forward without addressing magistrates’ pensions, Economedia.ro reported. He warned that failure to reform the system would jeopardise commitments under the National Recovery and Resilience Plan (PNRR). Speaking on Digi24, Tanczos said that no sector should be exempt…

The local taxes, other than the property tax, will increase by 70% and the overall payroll will decrease by 20% by a combination of lower employment and lower individual incomes to be decided at local level, prime minister Ilie Bolojan told representatives of the Association of Municipalities from Romania (AMR) on August 5 during a…

Romania is holding two days of state funerals for former president Ion Iliescu, the country’s first elected head of state after the fall of communism in December 1989. A national day of mourning has been declared on August 7 in his memory, according to a decision adopted by the government. Ion Iliescu died on Tuesday,…

Ion Iliescu, Romania’s first president after the fall of communism in December 1989 and one of the country’s most influential and controversial political figures, died on Tuesday, August 5, at the age of 95. His death was announced by the government, which expressed condolences to his family and stated that details regarding the state funeral…

A large medieval cemetery was discovered this week at the Hasdeu High School in Lugoj, western Romania. The complex may have extensions into the surrounding yards and a high historical importance. Although the excavations are only just beginning, with an estimated 10% of the necessary work completed so far, the discoveries have already showed promise.…

A trilateral working meeting for the creation of a regional cybersecurity alliance between Romania, the Republic of Moldova, and Ukraine took place on July 30 in Chernivtsi, Ukraine. The establishment of such a union would boost Romania’s role in region. “The National Cybersecurity Directorate considers that the initiative to establish a cybersecurity coalition between Romania,…

In a report published on Tuesday, August 5, the Group of States against Corruption, or GRECO, said that Romania has fully implemented two of the 26 recommendations made in the 2023 Fifth Round Evaluation Report on preventing corruption and promoting integrity among top executive functions of the central government and law enforcement. Out of the…