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PSD Government Broke Finance Ministry’s Piggy Bank: 25% Salary Raises In Public Sector In Jan-Aug
Salary spending in the public sector rose 25% in January-August over the year-ago period, as shown by the general consolidated budget figures. The private sector is unable to keep up with th...
Romanians Spent EUR90M On 450,000 Bicycles In 2017
About 450,0000 bicycles at an average price of EUR are sold in Romania every year, which means local consumers spend EUR90 million on two-wheeled vehicles annually, ZF has estimated based on...
ROBOR Rise Adds EUR600,000 To Cris-Tim’s Financing Costs
Cris-Tim, the leader of the cold cuts markets in Romania, paid EUR600,000 more to banks in the past year due to the rise in ROBOR, which is more than the management had expected. This additi...
Romania Is Losing 140,000 People A Year Or Almost EUR2B In Wages Alone
Romania’s economy is losing some EUR2 billion every year because 140,000 people ‘vanish’ from statistics, either due to migration abroad or to the negative birth rate.
Romanians Spent EUR3B On Trips Abroad In 2017
Romanians spent EUR3.1 billion on trips abroad last year, compared with EUR1.9 billion in 2016, according to Romania’s central bank data. This is highest amount Romanians spent abroad in the...
Average Romanian Spends EUR4/Year On Shampoo
Romanians spend EUR77 million a year on shampoo and half of that spending goes to P&G, Unilever and Henkel, market research company Euromonitor data show. A local consumer spends EUR4 on sha...
Tarom To Save RON12.7M/Year Following Reassessed Spending
A reassessment of expenses of state-run airline Tarom required by new general manager Werner-Wilhelm Wolf has led to the saving of RON12.7 million a year, the company said in a statement Fri...
Romanian Consumers Spend EUR83M A Year On Luxury Cosmetics
One in five lei local consumers spend on luxury cosmetics goes to online stores, market data show. Romanian consumers spend about EUR83 million on premium and luxury perfumes, makeup and car...
Eurostat: Romania, One Of Lowest GDP Shares Allotted To Expenditure On Health
Romania allocated one of the lowest shares of the gross domestic product (GDP) for health and had the lowest spending per inhabitant for health among European Union member states, of EUR340,...