Social/Politics
Government Approves New Insolvency Code Through Emergency Decree
Romania’s Government said Wednesday it has approved a new Insolvency Code.
Government Approves Lump-Sum Tax Bill
Romania’s Government Wednesday approved a bill to apply a lump-sum tax in the hospitality industry and the auto services sector starting 2014.
INS: Retail Sales Slightly Higher In August
Romanian adjusted retail sales rose 0.8% on the month in August, due to higher sales of food, drink and tobacco products, the country’s statistics institute INS said Wednesday.
Intellectual Property-Intensive Industries Contribute 45% To Romania Economy
Almost half of Romania’s economic output is generated in industries that use intellectual property rights intensively, a report from the Office for Harmonization in the Internal Market, or O...
Romania Forex Reserves Rise To EUR33.1B In September
Romanian foreign exchange reserves rose to 33.09 billion euro in September, from EUR32.17 billion a month earlier, boosted by a EUR1.5 billion inflow from an Eurobond issue, central bank dat...
Strong Gusts Boost Romania Wind Power Production
About one fifth of Romania’s electricity output was being covered by windpower Tuesday afternoon as strong winds knocked down trees and shut down the country’s ports at the Black Sea.
Energy Minister: Romania To Ask For Two-Year Reprieve On Coal Plant Air Pollution Cut
Romania plans to request the European Commission for a two-year extension of the deadline by which it must reduce dioxide emissions from coal-fired power plants, minister delegate for Energy...
AmCham, Foreign Investors Ask Romania's Government To Reconsider Fiscal Measures Pledged To IMF
The American Chamber of Commerce in Romania (AmCham) and the Foreign Investors Council (FIC) called on the Government to lower local taxes on property for companies, set up a stable and comp...
Romania To Focus On Gas Exploration In The Black Sea
Romania plans to start exploring for gas in the Black Sea to increase its energy reserve, minister delegate for Energy Constantin Nita said Tuesday.