Mains

Real public investment beyond defence expenditure

Nearly half of public investment that burdens this year’s statistics have been made by the Ministry of National Defence (MApN), according to the detailed data… Mai mult

Industry and robotics: Romania grows annually by three industrial robots per 10,000 employees

The number of robots in the Romanian industry has increased to 18 robots per 10,000 employees (2017), according to the International Federation of Robotics (IFR)… Mai mult

Taxation on past / Profits of Romgaz and Transgaz decline – State asks for increasingly higher dividends for past years

The state demands increasingly higher dividends from reserves and previous results of Romgaz and Transgaz, even though their profits in the first nine months of… Mai mult

Labour tends to zero in terms of contribution to potential GDP. When employment rate increases but does not converge

The employment rate of Romanian population aged between 20 and 64 years was 68.8% last year, according to data released by Eurostat. This figure was… Mai mult

Convergence of wages versus price convergence

The living standard in Romania increased significantly due to an accelerated wage convergence compared to the EU average and the stagnation in price convergence toward… Mai mult

BNR raises inflation forecast for 2019 to 2.9%. Among risks: “unpredictably” administered prices

The National Bank of Romania (BNR) has maintained the inflation forecast for the end of 2018 at 3.5% but has raised the forecast for 2019… Mai mult

Serious problem of wealth distribution in society: How Romanians came to having lowest median income in EU

Eurostat has published the most recent data of EU member states on median net income by household. Romania ranks last in 2017, with only EUR… Mai mult

Adapting pensions to economy and society – Romania’s position within international context by four benchmarks

According to OECD data, net pension wealth in Romania (calculated for 2016) was 8.3, a value significantly below the average of 12.3 recorded at the… Mai mult

(Roughly) when we shall adopt euro: necessary growth scenarios in a simplified form

The National Commission for the establishment of the National Plan for the Adoption of Euro advanced as synthetic benchmarks for the adoption of the single… Mai mult

Officially, World Bank: ANAF reform has been suspended for 12 months, Bank has not settled any new payments

(Photo: Craftsmen of ANAF reform) “Activities of this project have been suspended in the last 12 months, and the Bank has not settled any further… Mai mult

Romania – on opposite direction related to EU countries in terms of budget deficit

After a successful public finance adjustment before the colleagues within the Eastern bloc, Romania went back significantly toward the budget deficit threshold despite the steady… Mai mult

Pen on paper about new increase in national minimum wage: from official arguments to real effects

The Council of Economic Programming (CPE), a seven-member body established one year ago having the same chairman as the National Commission for Strategy and Prognosis… Mai mult

Trend of public sector wages and social assistance in GDP: how, how much and what “can be given” with new pension law

The official data available since 2010 show an unbalancing in public finance that began in 2016 and reached a worrying level in 2018. Unfortunately, at… Mai mult
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NEWS

Sovereign Fund gets legal base. Details announced by Minister Teodorovici

The Government adopted on Thursday the ordinance that provides for the general framework for the establishment of a Sovereign Fund. Later, after new talks with… Mai mult

Ford is looking for 1,700 employees to produce EcoSport SUV model

The representatives of Ford Craiova met on Wednesday with mayors of 30 localities from Dolj county in order to stimulate the attraction of 1,700 new… Mai mult

Development strategy / Government squeezes even investment money from its own companies: EUR 120 million from only two entities in energy field

Nuclearelectrica (SNN) and Romgaz (SNG) have calculated the additional dividends to be paid to the state after the Ministry of Finance (MFP) sent to the… Mai mult

DNA, officially: Senate President is suspected of having received a USD 800,000 bribe. Case file opened at a request from Austrian judicial authorities

The case file in which the DNA requested the waiving of the Senate President’s immunity was opened at the request of Austrian judicial authorities and… Mai mult

Illegal state aid / European Commission demands Romania to recover EUR 60 million from CE Hunedoara

Romania has to recover illegal state aid worth EUR 60 million granted to Compexul Energetic Hunedoara, announced the European Commission with a statement released on… Mai mult

Ministry of Finance planned loans of RON 4.74 billion in November. Costs are increasing

The Ministry of Public Finance (MFP) intends to borrow in November RON 4.74 billion, 1.4% more than in the previous month, according to the Ministry.… Mai mult

New 100% Romanian tractor has been launched. Features, endowments, price

IRUM Reghin launched the first 100% Romanian tractor, announced Digi24, designed and built by the company’s engineers, 15 years after the Romanian tractor manufacturing disappeared.… Mai mult

Romanians from abroad sent as much money to Romania as Government attracted from European funds and subsidies

Romanians working abroad sent EUR 2.695 billion to the country in the first eight months of 2018, equalling the European funds and subsidies received in… Mai mult

Bucharest Stock Exchange: European record increase of reference index, old liquidity issues

The main index of the Bucharest Stock Exchange (BVB), BET, registered the second highest increase in the European Union (8.5%) in the first nine months… Mai mult

Estimates of Capital Economics: GDP is losing speed in Q3 as well, growth could be reduced to 3.5%

The first estimate of the economic growth in Romania in the third quarter shows a reduction down to 3.5% (year-on-year), after the previous quarter's Gross… Mai mult

Mugur Isarescu - BNR: Wages should increase by market forces not by politicians

Wage increases should be based solely on productivity growth and be made "by market force", not by politicians, the Governor of the National Bank of… Mai mult

OMV postpones decision to assume an investment in natural gas from Black Sea for next year

Austrian OMV Group postponed its decision on the Black Sea investment for next year, in the context of the offshore law adoption being postponed, Reuters… Mai mult

Justice Minister initiated procedure for dismissing General Prosecutor

Minister of Justice announced on Wednesday that asks for the dismissal of General Prosecutor Augustin Lazar (photo) for 20 reasons (they could be more, Tudorel… Mai mult

Eurobarometer / Romanians who believe that EU membership is a good thing have lost majority position

  The last Eurobarometer of the European Parliament, published in September, shows that 49% of Romanians consider that EU membership is a good thing. Compared… Mai mult