Social/Politics
INS: December Jobless Rate Falls Slightly To 7.1%
Romania's unemployment rate inched down to 7.1% in December 2013, from 7.3% a month earlier, seasonally adjusted data from the statistics institute INS showed Friday.
GFR Owner Gruia Stoica Placed Under Preventive Arrest For Corruption
Romanian businessman Gruia Stoica, owner of railway freight transporter Grup Feroviar Roman (GFR), has been placed under 29-day preventive arrest on bribery charges.
Former Transport Minster Relu Fenechiu Sentenced To Five Years In Prison, Ruling Is Final
Romania’s former transport minister Relu Fenechiu has been sentenced definitively to five years in prison for accessory to abuse of office.
CE Oltenia To Organize New Auction For Railway Transport Services
Romanian state-run energy holding CE Oltenia will most likely extend its coal transport contract with railway freight carrier CFR Marfa for two months after anticorruption prosecutors seized...
Romania Economic Sentiment Weakens For 2nd Month In January
Investor sentiment regarding the outlook of the Romanian economy fell for the second consecutive months in December, amid weakening confidence in retail, constructions and industry, a survey...
FrieslandCampina: Dairy Product VAT Cut Could Drive Consumption Back Up
A cut of the value added tax for dairy products would push shelf prices down close to those charged by black market sellers and farmers and drive consumption back up, says Jan Willem Kivits,...
EXCLUSIVE: Companies Understating Revenues To Pay 10-25% Penalties
Companies that understate their revenues to the tax authority will be forced to pay penalties of 10% to 25% of the unstated difference, according to a plan part of a set of measures fighting...
Romanian SMEs Minister To Quit Government To Run For MEP
Romania's minister-delegate for small and medium-sized businesses and tourism Maria Grapini will be leaving her government position to run for a seat in the European Parliament on behalf of...
Romania Might Postpone Raising Excise On Diesel Fuel Another Three Months
Romania's government is considering postponing the introduction of a higher excise tax on diesel fuel by another three months if the option is proven economically viable, Prime Minister Vict...