Companies
INS: Romania Industrial Sales Down 2.3% On Month In January
Romanian industrial sales fell 2.3% in January from the previous month, but were up 12.2% compared with the year-earlier period, the country’s statistics institute INS said Monday.
Industrial New Orders -1.1% On Month In January
Romanian industrial new orders fell 1.1% on the month in January, due to lower demand in the capital goods sector, the statistics institute INS said Monday.
Ponta Opts For Lower VAT On Vegetables And Fruit
Prime Minister Victor Ponta said he would rather have the sales tax lowered to 9% for fruit and vegetables, because this sector is highly prone to tax evasion and unfair competition between...
Romania's Return To 19% VAT Conditioned By Over 3% GDP Growth, PM Says
Prime Minister Victor Ponta said Romania can return to a 19% sales tax provided its economy keeps last year’s growth rate of over 3%.
EXCLUSIVE: Romania Pledges To Start Checkups At Companies In Second Half Of 2014
The Romanian Government has pledged in its latest letter of intent to a EUR4 billion loan program with the International Monetary Fund and the European Union to start a series of checkups at...
Romania Aims To Create New Structure For Administration Of State's Private Property
Romania’s new Government wants to set up a new structure for the administration of the state’s private property, to allow for the elaboration of a legislative framework needed to get the cou...
Firms Employing People Aged Over 45 Or Under 25 To Get Incentives
Companies in Romania that hire people aged under 25 or over 45 will be exempted from paying social security contributions for the latter for one year provided they keep them employed for one...
INS: Average Net Wage Falls 7.7% In January
Romanian average net salary fell 7.7% to 1,625 lei (EUR361.2) in January, from RON1,760 a month earlier, when monthly income was largely supplemented by one-time bonuses, the statistics inst...
Henkel Sees Growth In 2014 Based On Slight Consumer Spending Rebound
Henkel Romania expects growth in 2014 encouraged by a slight rebound in consumer spending, after having seen its revenue inch up to 612.5 million lei (EUR136 million) in 2013 on the back of...