Romania’s government to issue an emergency order
Romania’s government is expected to adopt an emergency order on Wednesday allowing an amendment to current provisions concerning the private pension system designed to meet existing standards put forward by the Organisation for Economic Co-operation and Development (OSCE). Supposed changes are expected to relax investment rules for voluntary and occupational pension funds while strengthening powers of the Financial Supervisory Authority (ASF). Among other issues, the Cabinet is also expected to adopt new financial assistance for breeders of Mangalitza and Bazna pigs allowing an aid of RON 2,300/year. Breeders should apply for an aid by July 31 with all paperwork expected by November 28.
Bucharest Stock Exchange Index up
Romania’s Bucharest Stock Exchange closed up on Tuesday with over RON 45 million, however well below a daily average of RON 178 million since 2025, supported by the issuing of Fidelis government bonds. The main BET index was up by 0.28 percent. Most liquid securities were reported by Banca Transilvania with transactions exceeding RON 19 million, followed by OMV-Petrom and Romgaz shares. Romania’s national currency, the leu, was up against the euro at RON 4.9774. However, the RON lost ground against the US dollar at RON 4.3881, up by 1.98 bani.
Easter holidays for schools in Romania
Romanian schools start their Easter holidays tomorrow, April 17, according to a decision issued by the country’s Education Ministry.. Classes are expected to resume on April 28 when the last school term of year will start, according to ministry ruling, with summer holidays expected to start on June 21. Romania’s education system was at a turning point recently with the government passing a new law on education in 2023. Changes came at a critical moment for the country’s development. While Romania was one on Europe’s fastest-growing economies, its education results are among the lowest in the EU.
Alexandru Danga, RADOR RADIO ROMÂNIA
