COSTS
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Romania Plans To Allot 2% Of GDP For R&D Until 2020 – Official
Romania wants to gradually allocate 2% of the gross domestic product until 2020 for its research and development (R&D) sector, in line with the provisions of the Europe 2020 Strategy, Viorel...
Romanians Spend Around EUR200M On Luxury Products Per Year
The Romanian luxury market started to grow in the early ‘90s and has now reached around EUR200 million, according to ZF estimates.
Competition Pulls Private Healthcare Services Costs Down, Number Of Patients Rises
Romania’s private healthcare services got cheaper while the number of clients increased over fierce competition in this sector, Fady Chreih, chief executive of medical services provider Regi...
How Low Can The Price Of Highways Go?
The latest tenders for the construction of 107 kilometers of highway, which attracted bids from 95 consortia of Romanian and foreign companies, brings up the question of how low can the cost...
Local Administration’s Travel Costs Up Over 260% In Past Seven Years
Costs for official travel abroad by mayors, directors and public workers in Romania’s local administration have increased by over 260% in the past seven years, stripping the state budget of...
GfK Romania: Consumer Good Sales Up 5.4% By Value, But Down 1% By Volume In 2011
Sales of consumer goods in Romania rose 5.4%, an increase driven mainly by inflation, as consumption fell nearly 1% by volume in 2011, according to a survey by market research company GfK Ro...
Suppliers May Ease Costs Faced By Power Grid Operator Under Cold Weather
Increased energy consumption in this interval, caused by low temperatures, will generate an increase in costs, which will paid by consumers and possibly suppliers, Friday said Marian Cernat,...
Bucharest To Have New Multi-Purpose Sports Center By 2013 For RON260M
Romania’s Ministry of Regional Development and Tourism will build a multipurpose sports center in capital Bucharest by 2013, which will seat 16,000 people and cost 260 million lei (about EUR...
Posta Romana Sends Employees On Unpaid Leave To Save RON7M Monthly
Romania’s state owned postal company Poata Romana will send its employees on two days unpaid leave each month starting June 1, until the end of the year, hoping to cut its monthly expenses b...