Social/Politics
Romania Plans To Raise Average Net Wage By At Least 5% In 2014 And 2015
The average monthly net salary is set to increase by at least 5% in 2014 and 2015, while the average monthly pension is expected to exceed EUR200 in 2014 and to go up by 4.5% in 2015, the Ro...
Gas Producers Could Be Forced To Sell Up To 30% Of Output On Commodities Market
Romanian producers and distributors of natural gas could be forced by law to sell on the local commodities market 20% to 30% of the volumes produced or proposed for distribution, minister de...
Transelectrica, Transgaz Placed Under Government Secretariat’s Authority
Romania’s government approved an emergency ordinance placing the state-run companies Transelectrica (TEL.RO) and Transgaz (TGN.RO) under the authority of the government’s General Secretariat...
Romania Sets 2019 As New Euro Adoption Deadline
Romania’s government expects the country will meet this year all the Maastricht criteria to converge to the euro area and set the year 2019 as a self-imposed deadline for the euro adoption.
Romania 4Q GDP Expands At Fastest Pace In EU
The Romanian economy grew at the fastest pace in the European Union in the fourth quarter of 2013 compared with the previous three months, official data showed Friday.
Erste: 2013 GDP Performance Above Expectations, But Consumption Stalls
Romania’s strong economic performance in 2013 reflects excellent contributions from agriculture and exports, but domestic consumption remains subdued, a note from Austrian Erste Group Bank A...
Romania Economy Grew At Better-Than-Expected 3.5% Rate In 2013
Romania’s economy grew faster than expected in 2013, fueled by a bumper harvest, growing exports and recovering activity in industry.
Justice Minister: Insolvency Law To Arrive By Midyear
The new insolvency code, a law that banks and other creditors expect to make it easier for them to get their money back, while ailing companies hope it will provide them with a better framew...
INS: Adjusted Construction Works Down 1.6% On Year In 2013
Romanian construction works slid 1.6% on the year in 2013, hit by a two-digit decline in new constructions, the statistics institute INS said Thursday.