Social/Politics
INS: Romania Unemployment Rate Up To 7.4 In 1Q
Romania's unemployment rate rose to 7.4% in the first quarter, from 6.7% in the last quarter of 2014, the statistics institute INS said Tuesday.
Klaus Iohannis Signs Decree Appointing Gabriel Oprea As Interim Prime Minister
President Klaus Iohannis has signed the decree appointing Gabriel Oprea as interim prime minister of Romania while PM Victor Ponta is on medical leave.
Ponta Proposes Mihai Fifor For Transport Minister
Romanian Prime Minister Victor Ponta has sent President Klaus Iohannis a proposition to appoint social democrat senator Mihai Fifor for transport minister, to replace Ioan Rus, who resigned...
EY Eurozone Forecast: Domestic Consumption Is Romania's Main Growth Driver
Consumer spending in Romania is registering its highest growth rate since 2008 and is the main driver of economic development, according to the 2015 EY Eurozone Forecast.
Ponta Proposes Gabriel Oprea For Interim Prime Minister
Prime Minister Victor Ponta is on medical leave after knee surgery and proposed that President Klaus Iohannis appoint Gabriel Oprea in the interim.
BNR: We’ll Intervene If Greece Introduces Capital Controls
Tension is mounting on the Romanian financial market, too, as Greek banks control 12% of the local banking assets, now that the crisis in Athens has reached that point where capital controls...
EC Requests Romania To End Bilateral Investment Treaty With Sweden
The European Commission has initiated infringement proceedings against five member states, including Romania and Sweden, requesting they terminate intra-EU bilateral investment treaties betw...
Romania 1Q Labor Costs Rise At 2nd Fastest Pace In EU
Total hourly labor costs in Romania rose 7.1% on the year in January-March, the second largest increase in the European Union, official data showed Thursday.
Romania Central Bank Doesn’t Want More Rate Cuts
Romania’s central bank will try to refrain from cutting the monetary policy rate even if the inflation falls in negative territory, as the economy is expected to grow 4% this year and won’t...