Social/Politics
Romania Adjusted Retail Sales Up 2% On Month In April
Romanian adjusted retail sales rose 2% in April from a month earlier, fueled by higher sales in most sectors, the statistics institute INS said Monday.
Nica: Discrepancy Between Severance Pay At Posta Romana And That At Former CSA, CNVM Shameful
The discrepancy between severance pay for employees of state-owned company Posta Romana to be soon made redundant and that for the ex-heads of former insurance market regulator CSA and secur...
Romanian Investment Company Cuts Budget To RON52.6M In 2013
Romania's National Investment Company (CNI) planned investments worth 52.6 million lei (EUR12 million) in 2013, more than five times lower than the amount allotted last year, of RON274.3 mil...
Posta Romana To Lay Off 3,650 Workers, 11.4% Of Its Staff
Romania’s debt-mired national postal company Posta Romana will lay off 11.4% of its staff, or 3,650 employees, following negotiations between management and unions.
Government Seeks Approval To Issue Decrees During Parliament Summer Recess
Romania’s government has required parliament approval to issue decrees during the parliament’s summer recess, as it plans to revise the state budget, amend the Tax Code, pay off arrears, ame...
Deposits At Foreign Banks Dwindled In 1Q In Romania Amid Cyprus Crisis Woes
Deposits in local branches of foreign banks have declined in the first quarter of the year to 6.49% from 6.76%, as people pulled their money following the crisis triggered mid-March in Cypru...
BRD VP: Euro And Leu Market Rates Reflect The Key Rate Difference
Comparisons between interest rates in Romania and the euro-zone are “inappropriate” as they do not take into account the “enormous disparities” between the risks and the structure of the two...
Romanian President Signs Military Statute Bill Into Law
Romanian President Traian Basescu has signed into law a bill amending the statute of military staff, allowing militaries to remain active after retirement age, until 60, with the approval of...
INS: Romania Jobless Rate Rises to 7.3% In April
Romania's unemployment rate rose to 7.3% in April, from 7.2% in the previous month, seasonally adjusted data from the statistics institute INS showed Friday.