Social/Politics
World Bank Promotes Romania to High Income Group
The World Bank has reclassified Romania as a high-income country from the upper-middle income category after incorporating 2019 data.
Romanian Government Proposes EUR100B Economic Relaunch Plan
Romania's liberal government is proposing a EUR100 billion ten-year economic plan, which includes grants to companies, and that seeks to switch to growth through investments not just consump...
Romania Recycles Just 11% of Waste Compared with 47% EU Average
Romania ranks last but one in the European Union with just 11.1% of waste recycled in 2018 compared with a EU average of 47.2%, European Commission data showed.
COVID Crisis Cost Romania RON3.1B So Far, Finance Minister Says
The coronavirus crisis has cost Romania RON3.1 billion so far, including spending on medical equipment and social spending such as furlough payments, finance minister Florin Citu said on TV...
Romania Labor Market End-June: Number Of Labor Contracts Suspended Keeps Downward Trend
A total 141,664 labor contracts in Romania have been suspended, per data released Friday (June 26) by the country's Labor and Social Protection Ministry.
Romania's GDP/Capita in PPS Reached 69% of EU Average in 2019
Gross domestic product per capita expressed in purchasing power standards (PPS) ranged between 53% of the EU average in Bulgaria and 261% in Luxembourg, while Romania's GDP per capita stood...
Government Approves 3-Month Tax Exemption for Hospitality Industry
Romania's government has approved a three-month tax exemption for annual industry-specific taxes paid by companies in the hospitality industry.
Nuclearelectrica Shareholders Approve Termination of China Deal for Nuclear Reactor Builds
Shareholders of Romania's state-owned nuclear power producer Nuclearelectrica approved in a general meeting Friday the termination of deal with China General Nuclear Power Corporation for th...
Romania Signs RON326.5M Contract for 29 km of Transylvania Highway
Romania's national road infrastructure administration company CNAIR on Friday signed a contract for the execution of a 29 km portion of Transylvania Highway that should ultimately link Braso...