Social/Politics
INS: Romania February Industrial Sales Up 2.3% Vs January
Romanian industrial sales rose 2.3% in February compared with the previous month, but were down against the same period of 2014, data released by the statistics institute INS showed Tuesday.
Hidroelectrica Wants To Pay 80% Of 2014 Record Profit As Dividends
The judicial administrator of insolvent Hidroelectrica, Romania’s biggest power producer, will propose to the company’s creditors and shareholders the disbursement of dividends accounting fo...
PM: 1Q Revenue Collection Above Expectations, VAT Can Be Lowered This Year
First quarter data show that the collection of state budget revenues exceed the estimated schedule by RON3-3.5 billion, which allows the lowering of the value-added tax this year, Prime Mini...
Average Net Salary In Romania Down 0.5% In February
The average salary in Romania fell 0.5% in February to 1,731 lei (EUR393) from RON1,740 in the previous month, data from the statistics bureau showed Monday.
Retail Sector Recovery Hit Bumps In February
Romania’s retail sector slowed down its recovery in February, after a strong output in the past few months, official data showed Friday.
Romania's Forex Reserves Rose Slightly In March To EUR30.6B
Romanian foreign exchange reserves rose by 117 million euros to EUR30.6 billion in March, from EUR30.48 billion in the previous month, central bank data showed Wednesday.
Isarescu: Policy Easing Not Limited To Rate Cuts
The monetary policy is not defined only by the key rate, but also includes the minimum requirement ratios and the interest rates for other facilities of the central bank, Romania’s central b...
BNR Cuts Key Rate By 25 Bps To Record Low 2%
Romania’s central bank on Tuesday lowered its main monetary policy rate by 25 basis points to a new record low of 2%, in a largely expected move, the sixth rate cut in the current reduction...
VAT Cut On Milk To Relaunch Consumption, Lower Prices - Minister
Lowering VAT on milk and dairy will relaunch consumption and lower producer prices, Agriculture Minister Daniel Constantin said Tuesday at the MEDIAFAX Talks about Agriculture conference.