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Victor Ponta

Romania: New Government Formed

Romanian President Traian Basescu approved the new minister of the new coalition government just in time.

March 6, 2014

Romania: Ponta Clinging to Leadership

Reforms in Romania will be carried out even if Ponta’s new government’s majority will be reduced in parliament.

February 27, 2014

Controversy Over Special Taxes in Romania

The Romanian government plans to impose new taxes in 2014. Foreign investors may leave the country.

November 12, 2013

Romania: Taxes Expected to Be Raised

The local press reports that numerous anonymous sources from the larger ruling party say that the executive is considering a hike in profit and income tax.

October 28, 2013

Romania Is Recovering According to PM

Romanian Prime Minister Victor Ponta presented the key issues on the new agreement with the EU Commission, the International Monetary Fund (IMF) and the World Bank to the parliament on Tuesday.

September 19, 2013

Romania Initiates Structural Reforms

In order to receive a precautionary loan from the IMF, Romania´s government will implement a series of reform steps. Above all, Romania starts privatizations again. Romania´s economic outlook continues to brighten.

August 3, 2013

Romania: Drop of VAT on Bread and Baked Goods

Around 70 percent of Romanian bread and baked goods are sold on the black market. A drop in VAT is supposed to change that.

July 31, 2013

Bulgaria: Protests Against Shale Gas Exploration

Protests will make it problematic for the new Bulgarian government to lift the moratorium on shale gas exploration.

June 10, 2013

US Software Producer Oracle to Invest in Romania

US software producer Oracle will invest approximately € 100m in Romania

May 14, 2013

Romania Seeks Energy Independence

The Black Sea has huge deposits in gas which Romania wants to use to achieve energy autonomy.

May 8, 2013

Romania: Ponta Endorses Regionalization

Regionalization, which is encompassed in the constitutional reforms, is supposed to help improve the administrative situation in Romania.

April 3, 2013

Hungary: Demonstrations in Budapest

Protests against the planned constitutional amendmends took place on Saturday, March 9. US and EU express their concern about the political developments.

March 9, 2013

Romania: Ponta Promises Return to Growth

Prime Minister Victor Ponta underlines the necessity of austerity measures. This year, Romania´s public debt level will increase further, though.

January 12, 2013

Ponta to Remain as Prime Minister

Despite heavy dispute with Ponta, Romania´s President Traian Basescu announced to swear him as Prime Minister. Basescu has no other choice.

December 17, 2012

Romania: Basescu Under Pressure

After the decisive victory of Prime Minister Ponta, Romania´s President Traian Basescu has no other alternative than to appoint Ponta again.

December 10, 2012

Romania Hopes for New IMF Loan

The economic situation remains gloomy. Foreign direct investments are weakening. The economic outlook is rather decent.

November 13, 2012

Romania: Joining Eurozone is „Not for Sure”

Romania´s Prime Minister Victor Ponta expressed his concerns about introducing the euro in Romania.

November 5, 2012
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