Social/Politics
Romania Aims To Boost EU Fund Absorption Rate By 50%-80% By End-2015
Romania’s new Cabinet wants to increase the absorption rate on European Union structural and cohesion funds by 50% to 80% by the end of 2015, according to its new governing program.
Romania Aims To Create New Structure For Administration Of State's Private Property
Romania’s new Government wants to set up a new structure for the administration of the state’s private property, to allow for the elaboration of a legislative framework needed to get the cou...
Proprietatea Fund: Hidroelectrica’s IPO Not Possible In 2014
Romanian investment fund Fondul Proprietatea (FP.RO), owner of a minority stake in state-run hydropower company Hidroelectrica, on Friday ruled out a possible listing of the company’s shares...
Firms Employing People Aged Over 45 Or Under 25 To Get Incentives
Companies in Romania that hire people aged under 25 or over 45 will be exempted from paying social security contributions for the latter for one year provided they keep them employed for one...
New Cabinet To Endorse Pension System Based On Individual Savings Accounts
Romania’s new Ponta III Cabinet pledges to support the development of a durable pension system based on individual savings accounts, according to the new governing program.
Government Mulls Broadening Tax Base, Progressive Taxation, VAT Cut
The new government program stipulates the broadening of the tax base, lower VAT for basic food products, the return to 19% VAT and lowering of social security contributions, if allowed by th...
INS: Average Net Wage Falls 7.7% In January
Romanian average net salary fell 7.7% to 1,625 lei (EUR361.2) in January, from RON1,760 a month earlier, when monthly income was largely supplemented by one-time bonuses, the statistics inst...
Cinteza: BNR Hasn’t Received Notification Of A CEC Management Change
The management team of state-owned CEC Bank is unchanged at the moment and Romania’s central bank (BNR) has not received any notification from the Finance Ministry or the lender itself about...
Romtelecom 4Q Sales Rise 8.8% To EUR162.7M
Romanian telecom operator Romtelecom’s fourth quarter revenue rose 8.8% on the year to EUR162.7 million, fueled by strong performance in the ICT and wholesale segments, the parent company, G...