Social/Politics
Romanian Airline Tarom To Slash Up To 700 Jobs
Romanian state-owned airline Tarom plans to slash up to 700 jobs in a restructuring process that is set to start in two weeks, as the company's revenues plummeted due to the coronavirus cris...
National Employment Agency Attracts Over EUR294M In EU Funds To Support Furlough Measures
The National Employment Agency (ANOFM) said in a press statement that it has managed to attract European funds worth over EUR294 million in order to support furlough measures.
EC Approves EUR1M State Aid to Timisoara Airport
The European Commission has approved a direct grant of approximately RON4.8 million (around EUR1 million) to Timisoara Airport to compensate for the damage suffered due to the coronavirus ou...
Dutch Shipbuilder Damen To Cut 870 Jobs in Romania
Dutch shipbuilder Damen is cutting its workforce by 1,050 jobs, mostly in its Galati and Mangalia shipyards in Romania, citing the impact of the coronavirus crisis.
Only 6% Of Romanians Say Their Income Ensure A Financially Carefree Lifestyle, Survey Shows
Only 6% of Romanians say their current income ensure a financially carefree lifestyle and a little over 14% keep an in-depth written record of their expenses, per a Novel Research survey.
Romania Raises RON700M in July from Bond Sales to General Population
Romanians invested RON700 million throughout July in bond sales to the general population, the finance ministry said Tuesday.
Romania Seeks to Invest EUR800M in 7 Years to Expand Natural Gas Network
Romania's government plans to invest EUR800 million in the next seven years (2021-2027) to expand the country's natural gas network, according to a draft emergency decree.
EC Approves EUR1M Romanian Aid Scheme for Airlines Starting or Resuming Operations at Oradea Airport
The European Commission announced Tuesday it has approved a EUR1 million Romanian scheme for those airlines resuming or starting flights to and from Oradea airport in Romania.
Revamped Mortgage Lending Program Doubles Loan Cap, Triples Down Payment for New Builds
The revamped version of Romania's subsidized mortgage lending program, pending government approval, doubles the loan cap for newly-built housing to EUR140,000 and triples the required down p...