Social/Politics
Government Approves Minimum Wage Raise
Romania's government on Wednesday approved a bill raising the gross minimum wage in two stages in 2015, to RON975 in January and to RON1,050 in July, from the current RON900.
INS: Romania’s Construction Output Falls In October
Romania’s construction output fell in October compared with the previous month, and it extended its decline against the same period of last year, official data showed Wednesday.
Romania Trade Deficit Widens Slightly In First 10 Months
Romania’s exports rose more rapidly than imports in the first ten months compared with the same period of 2013, but the trade deficit still widened slightly, the country’s statistics institu...
Romania Agrees With IMF, EU On 2015 Budget Deficit Of 1.8% of GDP
Romania’s government reached an agreement with the International Monetary Fund and the European Commission on next year’s budget, which includes a potential increase of the estimated deficit...
Romania To Lower VAT On All-Inclusive Tourist Packages To 9% From 24%
The sales tax will be lowered from 24% to 9% for all-inclusive touristy packages, Prime Minister Victor Ponta said Tuesday after talks with IMF and EU officials.
Average Salary Rises Slowly In Romania
Romanian average net salary increased 0.4% to 1,705 lei (EUR380) in October, from RON1,698 a month earlier, the statistics institute INS said Monday.
INS: Romania Industrial New Orders Fall In October
Romanian industrial new orders fell in October after a 34% increase in the previous month, the country’s statistics institute INS said Monday.
Romania Industrial Sales Inch Higher In October
Romanian industrial sales inched 0.1% higher in October, after an 18.3% increase in the previous month, data released by the statistics institute INS showed Monday.
Romania’s Energy Sector Needs EUR100B Investments By 2035 - Draft Strategy
Romania’s energy sector requires investments of nearly EUR100 billion between 2015 and 2035, according to the country’s new draft strategy drawn up by the Energy Department.