Social/Politics
Romania’s Construction Output Up On The Month In August
Romania’s construction output rose in August compared with the previous month, but it still is much lower than last year, official data showed Thursday.
Lukoil To Decide Fate Of Romanian Refinery Friday
The management of Russian group Lukoil will decide Friday whether or not it will shut down the Petrotel-Lukoil refinery in Ploiesti, Romania, amid an investigation on suspicion of tax evasio...
Gazprom Lowers Gas Deliveries To Romania By 18%
Russian giant Gazprom reduced deliveries of natural gas to Romania again Wednesday, by 18% compared to the level requested by Romania, the Department for Energy announced.
PM: Tax Evasion In Agriculture Is Sometimes Means Of Survival
A lower sales tax on bread constitutes a basis for a lower tax on other products, such as organically farmed products, meat, fruit and vegetables and tax evasion in agriculture is sometimes...
Romania’s GDP Performed Slightly Better Than Expected In 2Q, But Economy Still In Recession
The decline of Romania’s gross domestic product in the second quarter was slightly smaller than expected, revised data from the country’s statistics institute INS showed Wednesday.
IMF Cuts Romania's GDP Growth Forecast To 2.4% In 2014
The International Monetary Fund revised downwards its forecast on Romania’s economic growth to 2.4% in 2014, versus a 2.8% increase seen in June, according to the World Economic Outlook repo...
Government Strategy Sees SME Numbers Rising By Nearly 200,000 By 2020
Romania's government strategy for the development of small and medium-sized businesses (SMEs) sees the number of SMEs growing by 200,000 by 2020, from 474,000 active SMEs at present.
Senator And Former Minister Sentenced To Prison In Rompetrol Case
The Bucharest Court of Appeals on Tuesday passed a definitive ruling sentencing senator Sorin Rosca Stanescu and former communications minister Sorin Pantis to prison for their roles in a st...
INS: Romania Average Net Salary Down 2.1% In August
Romanian average net salary fell 2.1% to 1,683 lei (EUR380) in August, from RON1,719 a month earlier, the statistics institute INS said Tuesday.