Social/Politics
Romania Trade Deficit Widens To 1.11B In First Quarter
Romania’s trade deficit widened to EUR1.11 billion in the first quarter, from EUR1.07 billion a year earlier, the country’s statistics institute INS said Monday.
PM: Energy, Natural Gas Price For Industrial Consumers Seen Going Down
Prime Minister Victor Ponta stated Saturday, during a visit at Romanian steelmaker ArcelorMittal Galati, that the electric power price, as well as natural gas price for industrial consumers,...
Youth Employment Dropped Dramatically, Many Adults Remain Inactive As Unemployment Runs Out
The number of employed youths has dropped dramatically over the past ten years, a large number of adults remain inactive when their unemployment period runs out, around 30% of the population...
Finance Ministry Undervalued Impact Of Tax Exemption On Reinvested Profit On Budget
The Finance Ministry has significantly underestimated the impact of the tax exemption on reinvested profit on the budget, at 600 million lei (EUR136 million), instead of RON2 billion, Ionut...
Stanciu, Emag: Government Should Encourage Local Companies, Too
Romanian government should have programs in place supporting not only the foreign companies looking to invest in the country, but also local businesses, start-ups and large companies alike,...
Financial Supervisory Authority To Undergo Reorganization Program
Romania’s Financial Supervisory Authority ASF will undergo an extensive reorganization program, based on a PwC report, that will trigger a significant personnel expense cut and higher effici...
Fiscal Council: Social Security Tax Cut Difficult If Collections Stay Low
Romanian government’s planned five percentage-point reduction of the social securities tax will be difficult to achieve considering the low level of tax collections to the state budget, the...
INS: Industrial New Orders Up 15.8% In First Quarter
Romanian industrial new orders rose 15.8% on the year in the first quarter, on higher demand in all sectors, the statistics institute INS said Friday.
Romania Industrial Sales Up 13.5% YoY In 1Q
Romanian industrial sales rose 13.5% in the first quarter compared with the same period of 2013, after a solid growth in March, the country’s statistics institute INS said Friday.