Social/Politics
Eurobarometer: 7% Of Romanian Employees Are Paid "Envelope Wages"
Romania has a high percentage of employees paid cash in hand, of 7%, higher than the EU average of 3%, according to a Eurobarometer survey.
Ford Fine Cancelled By Government Debt To Carmaker
US carmaker Ford will have to receive EUR15 million from the Romanian government even though the company should have been fined EUR14.25 million for its breach of the privatization contract.
Only 4% of Romanians Can Answer Simple Personal Finance Questions Correctly
Very few Romanians know how to answer personal finance questions correctly, a financial literacy survey reveals.
Hidroelectrica Administrator Seeks To Replace 80% Of Management In Two Months
The legal administrator of Romania’s insolvent hydropower producer Hidroelectrica wants to replace 80% of the company's management within two months and has started by appointing Adrian Gheo...
One Month’s Salary Enough To Buy 15 Staple Food Baskets In Romania
The average net wage in Romania is enough to buy 15 staple food baskets per month, while in Poland and Germany it can buy 25 and 50 food baskets, respectively.
Rural Development Program For 2014-2020 Provides More Funds For Irrigations, Family Farms
Romania’s new Rural Development Program for 2014-2020 stipulates that funds for the country’s irrigation infrastructure will increase 2.5 times, while financing for family farms will rise mo...
UniCredit Tiriac Bank Expects Romania Will Absorb EUR6B In EU Funds This Year
Romania could absorb this year more Eu funds than in all previous years combined, of EUR6 billion, and reach and absorption rate of around 60% in 2014 and 80% in 2015, said Marius Radu, EU f...
Romania Got EUR10.9B More Than It Contributed From The EU In 2007-2013
Romania received EU funding of EUR21.3 billion in 2007-2013 and paid EUR10.6 billion to the EU, resulting in a positive balance of EUR10.9 billion, Adrian Vasilescu, adviser to the central b...
Construction Sector Generates A Mere 8% Of Romania’s GDP
The construction sector, a EUR8 billion to EUR9 billion business a year, which should have helped Romania’s economy grow during the crisis, contributed a mere 7.9% to the gross domestic prod...