Social/Politics
Industrial Output Shrinks In May
Romanian adjusted industrial production fell 10.7% in May compared with a month earlier, on lower output in all sectors, the country’s statistics institute INS said Wednesday.
Romania Inflation Rises Slightly To 5.37% In June
Romania’s inflation rate rose slightly to 5.37% in June from 5.32% the month before, as a decline in food costs was not enough to offset higher prices in the non-food and services sectors, o...
Ambassador Philippe Gustin: Low Wages, And Not Only That, Keep French Investors In Romania
French investors have stayed in Romania, despite the economic crisis, because the country continues to offer interesting opportunities –cheap and skilled workforce and the possibility of dev...
Italian Group Maschio Gaspardo Expands Production Unit In W Romania
Italian farm machinery producer Maschio Gaspardo is expanding by 25% its 8,000-sqm production facility in Chisineu-Cris, in Romanian western county of Arad.
Romania June Unemployment Rate Dips To 4.96%
Romania's unemployment rate inched down to 4.96% in June, from 5.03% a month earlier, the country’s employment agency ANOFM said Monday.
INS: Adjusted Construction Works Up 3.1% On Month In May
Romanian construction works rose 3.1% in May from a month earlier, on recovering activity in most sectors, the statistics institute INS said Monday.
Romania’s Current EU Funds Absorption Rate At Over 19% On July 5
Romania’s current EU funds absorption rate reached over 19% on July 5 after the country submitted refund requests to the European Commission (EC) for an additional EUR135 million through the...
Romania Risks Losing EU Funds Due To A Disastrous Absorption
Romania obtained refunds of only EUR23 million in June from the European Commission and submitted refund requests for only EUR227 million, which means it risks losing a great deal of EU fund...
Government Says Won’t Hire Foreign Consulting Firm To Draw Up New Public Sector Wage Bill
The Romanian Government has rejected the Labor Ministry’s proposition to hire an international consulting firm in view of drafting the new bill regulating public sector wages in 2014, accord...