Social/Politics
GfK Romania: Consumption Picking Up, But Promotion Wars Continue
Consumption in Romania gave the first signs of a rebound this year, as purchases rose by 4.3% in volume in the first quarter, while prices dropped by almost 2%. During previous years, marked...
Dan Sova Resigns After Four Months In Office
Romanian Transport Minister Dan Sova on Tuesday stepped down from his position, after just four months in office.
Romania Jobless Rate Falls Slightly To 4.91% In May
Romania's unemployment rate inched down to 4.91% in May, from 5.13% a month earlier, data from the country’s employment agency ANOFM showed Monday.
25% Of Auto Liability Insurance Claim Settlement Goes To Moral Damages
Insurance companies settled claims for moral damages and personal injury under auto liability policies (RCA) worth 134 million lei (EUR30.5 million) in the first three months of 2014, or 25%...
Local Gas Production Can Cover Medium Term Consumption - Romgaz Manager
Dumitru Rotar, deputy general manager of state-run natural gas producer Romgaz Medias (SNG.RO), stated Thursday that local gas production and deposits can cover medium term consumption in wi...
Italy’s Maschio Gaspardo Gets EUR4.7M From Romanian State To Expand Plant
Italian-held Maschio Gaspardo, the largest producer of farm machinery in Romania, is to get state aid worth EUR4.7 million, representing 49% of the value of investments at its plant of Chisi...
Romania To Cut Social Security Tax By 5 Pct Points As Of October 1
The Romanian government Wednesday approved a five-percentage point cut in the social security tax, in a move aimed at lowering the burden on labor and stimulating investments, the Finance Mi...
Romania, Second In Region By Lowest Social Security Costs After CAS Cut
The social security tax (CAS) cut by 5 percentage points, to 15.8%, would place Romania second in the region in terms of the lowest social security costs, after Slovakia, with 14%, and befor...
Why Romanian Plants Cannot Be Saved From Closing
No Romanian entrepreneur has the financial strength to buy a EUR100 million plant, while the lack of funding and a business environment that is unfriendly to Romanian investors prevent them...