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Macroeconomics · budget, surplus

Romania Posts Budget Surplus of 1.06% of GDP in Jan-July

Romania’s consolidated budget posted a surplus of 7.41 billion lei (EUR1.67 billion) in January-July, from a deficit of RON1 billion in the same period last year, Finance Ministry data showe...

Oana Gavrila · 26.08.2015 · 16:28 · 1 min
Social/Politics

Romania Approves 25% Wage Raise For Healthcare Staff

Romania's government approved an emergency ordinance Wednesday raising wages of staff in the public healthcare sector by 25% as of October 1.

Oana Gavrila · 26.08.2015 · 14:20 · 1 min
Social/Politics

Romania Should Invest In Infrastructure, Health, Education - Matthijs van Bonzel

Matthijs van Bonzel talked, in his last press conference as Dutch Ambassador to Bucharest, about the impact of the Tax Code on the business environment, saying that the money from the budget...

Gabriela Stan · 25.08.2015 · 16:12 · 1 min
Social/Politics

Romanian Air Traffic Controllers Threaten Full Blown Strike As Of Sept 1

Romanian air traffic controllers threaten to stop work on September 1 unless their demands are met, saying issues at hand are "life and death" and concern air passenger safety.

Oana Gavrila · 24.08.2015 · 14:09 · 1 min
Macroeconomics

Romanian Parliament Postpones Tax Code Talks For Next Week

Romania's Parliament has canceled its extraordinary session called to debate the country's Tax Code, Senate chairman Calin Tariceanu said Monday.

Oana Gavrila · 24.08.2015 · 13:19 · 1 min
Social/Politics

Romania Unemployment Rate Rose To 4.99% In July

Romania's unemployment rate inched up to 4.99% in July from 4.94% in June, data from the country’s employment agency ANOFM showed Friday.

Oana Gavrila · 21.08.2015 · 17:12 · 1 min
Social/Politics

Finance Minister Sees Deficit At 2% In 2017 Under Tax Code Amendments

Romanian finance minister Eugen Teodorovici said Thursday the country's budget deficit would drop to around 2% in 2017 following a gradual cut in the VAT rate and the elimination of an addit...

Oana Gavrila · 20.08.2015 · 14:06 · 1 min
Romania OKs Agreement In Principle On Contracting RON700M Loan From EIB
Social/Politics

Romania OKs Agreement In Principle On Contracting RON700M Loan From EIB

The Romanian government has approved the agreement in principle on contracting financing facilities worth up to RON700 million from European Investment Bank (EIB) to partially cover the stat...

Gabriela Stan · 19.08.2015 · 16:46 · 1 min
OMV Petrom Seeks Secondary Listing in London
Capital Market

OMV Petrom Seeks Secondary Listing in London

Shareholders of Romania’s largest public company OMV Petrom (SNP.RO) are called to vote on the secondary listing of the oil&gas producer’s shares in London.

Bogdan Neagu · 19.08.2015 · 10:32 · 1 min