Romania has launched a bold fiscal overhaul to fix its record deficit by raising taxes and curbing spending. The short-term hit to growth and inflation will be significant, but the plan could also ...

Fitch Ratings said that there are implementation risks to Romania's fiscal consolidation plan, which will weigh on the country's economic growth.

The Romanian government is preparing a major restructuring of the prime minister's office and the General Secretariat (SGG), ...

Romania's fledgling coalition government survived a no confidence vote on Monday, paving the way for unpopular tax increases ...

Motion, filed by far-right opposition, receives 134 votes, far short of 233 needed to bring down government - Anadolu Ajansı ...

The political uncertainty pushed Romania’s budget deficit above 9% of economic output last year, raising concerns about a potential downgrade to below investment grade. Financial markets stabilized in ...

The implementation of tax hikes and other measures to lower Romania's deficit, the EU's largest, depends on the stability of ...

BUCHAREST - Romania’s government survived its first no-confidence motion on Monday after Parliament rejected a challenge from far-right parties, but the vote exposed growing tensions within the pro-EU ...

Romania''s Parliament on Monday rejected a no-confidence motion filed by the opposition against Prime Minister Ilie Bolojan''s government, clearing the way for a major fiscal reform package aimed at ...

Romania's coalition government, led by Prime Minister Ilie Bolojan, survived a no-confidence vote while pushing through ...

MSCI includes our stock exchange in the Advanced Frontier Markets category*The increase in capital gains tax to 10%, ...

Romania’s government survived a no-confidence motion on Monday, clearing the way for a sweeping austerity plan aimed at ...