Social/Politics
Ford Lays Off 500 Employees At Its Romanian Plant
U.S. carmaker Ford has started the voluntary layoff program targeting 500 of the 3,200 employees at its plant in Craiova (southern Romania), while the company decided to reduce working hours...
Romania Housing Construction Down 2.3% In 2014
Romanian housing construction was down 2.3% to 42,589 units in 2014, despite rising investment in urban areas, the country’s statistics institute INS said Friday.
Industry, Telecom Sector Lift Romania’s GDP In 2014
The industry and the information and communication services helped Romania’s economy grow 2.9% in 2014, despite a weak performance of the financial sector and constructions, data from the st...
Milk And Dairy Producers Call For VAT Cut To 9% On Their Products
Romania's local association of dairy and milk producers APRIL called on the ministries of Finance and Agriculture and the Parliament on Thursday to include milk and dairy products among food...
Eurostat: Romania Posts Fifth Lowest Employment Rate Among Women In EU
Romania posted the fifth lowest employment rate among women in European Union in 2013, of 56.2%, while the difference between earnings of male and female employees, of 9.1%, places Romania i...
Businessman Gruia Stoica Gets 4 Years In Prison For Corruption
Businessman Gruia Stoica has been sentenced to four years in prison and attorney Doru Bostina received a three-year sentence for influence peddling. The rulings are not final and may be appe...
Finance Minister Says Progressive Taxation Technically Impossible In Next 2 Years
Romania’s Government is not considering introducing the progressive income taxation, at least not in the next two years, because the application used by the tax authority ANAF prevents it fr...
Romania Net Investment Down 3% To RON65.6B In 2014
Investments in Romania declined last year, despite a slight recovery in the last quarter, due to lower amounts allocated for new constructions and equipment, statistical data showed Thursday...
First Home Beneficiaries May Buy Bigger Home Under State-Guaranteed Program
Homeowners who are beneficiaries of the government-guaranteed mortgage lending First Home program will be allowed to buy a bigger or more expensive home under the program, according to a dra...