Companies activating in the Romanian financial market received from foreign shareholders capital injections of 34.05 million euros in the first 5 months, on the drop by 40% compared to the same period of 2021, amounting to 56.9 million euros, according to the National Office of Trade Registrar (ONRC). The biggest capital infusion of 21.42 million euros was received in April by NBG Leasing, followed by Grawe Romania Insurance, with a capital infusion of 3.92 million euros in May. Patria Bank increased its social capital with 3.3 million euros in February, Euroins Romania received 2.42 million euros to its social capital in May, and NN Insurance got 2.18 million euros in May. In January, Porsche Leasing Romania increased its social capital by 790,900 euros. Data published monthly by the Trade Registrar includes the first 40 companies which got contributions to the social capital, according to the value of amounts allocated.
Crin Antonescu, the former leader of the Liberal Party (PNL) and interim president during Traian Băsescu's suspension in 2012, could become the joint candidate of the Social Democrats (PSD) and Liberals (PNL) in the presidential elections to be held in the spring. The only politician who has firmly announced his candidacy so far is the […]
The Social Democrats (PSD), Liberals (PNL), and Hungarian party UDMR were, at the end of December 22, close to agreeing over the share of the ministries in a joint cabinet to be appointed before the end of the year, such as to enact the quasi-austerity package of fiscal corrective measures already inked by the Ministry […]
Romania's gas consumption will increase by 10 billion cubic meters in the next 3-4 years, which practically means a doubling of current consumption, according to the National Gas System Development Plan 2024 - 2033 drafted by the operator of the country's gas transport system, Transgaz. The additional source of gas would come from the Black […]
The government of Romania has approved an emergency ordinance (OUG) initiated by the Ministry of Energy with legislative amendments that allow ministries to increase their stakes in companies in which they are majority or minority shareholders in order to prevent their "hostile takeover" or "decapitalization," according to Profit.ro and
A draft ordinance inked by the Finance Ministry and consulted by Economedia.ro establishes the framework for fiscal measures to be applied in 2025, envisaging that state pensions, special pensions, and salaries...
Romanian president Klaus Iohannis has submitted a notification of unconstitutionality to the Constitutional Court regarding a controversial law approving Government Emergency Ordinance OUG 107/2024, which outlines fiscal-budgetary measures for addressing budgetary receivables and Romania's general consolidated budget deficit for 2024. The Presidential Administration announced the submission on Friday, December 20. The fiscal amnesty brought RON […]
