Social/Politics
Gabriel Resources Doubled Communication Expenses For Rosia Montana In 4Q 2013
Canadian group Gabriel Resources nearly doubled its communication expenses on the Rosia Montana gold mining project in the fourth quarter of 2013, to CAD5.93 million (EUR3.8 million), as the...
Romania Trade Deficit Narrows To EUR249M In January
Romania’s trade deficit narrowed to EUR249 million in January, from EUR298.8 million in the same month a year before, as exports rose faster than imports, official data showed Wednesday.
Low Teacher Pay Worsens Romania’s Education System Situation
With teachers starting out with a 800 lei (EUR180) net salary per month, 50% the average wage in Romania, half of the 14-year-old school kids are unable to score above the passing grade in M...
Calin Popescu Tariceanu Elected Senate Chairman
Calin Popescu Tariceanu, backed by the ruling coalition USD, was elected Senate chairman Monday with 93 votes in favor.
BCR: Ukraine Default To Have Limited Impact On Romania’s Economy
Romania’s economy is unlikely to experience significant difficulties following a potential debt payment default in Ukraine or commercial sanctions on Russia, according to estimates from lend...
INS: Romania Industrial Sales Down 2.3% On Month In January
Romanian industrial sales fell 2.3% in January from the previous month, but were up 12.2% compared with the year-earlier period, the country’s statistics institute INS said Monday.
Industrial New Orders -1.1% On Month In January
Romanian industrial new orders fell 1.1% on the month in January, due to lower demand in the capital goods sector, the statistics institute INS said Monday.
Ponta Opts For Lower VAT On Vegetables And Fruit
Prime Minister Victor Ponta said he would rather have the sales tax lowered to 9% for fruit and vegetables, because this sector is highly prone to tax evasion and unfair competition between...
Romania's Return To 19% VAT Conditioned By Over 3% GDP Growth, PM Says
Prime Minister Victor Ponta said Romania can return to a 19% sales tax provided its economy keeps last year’s growth rate of over 3%.