Mains

National specific: Not rural area, but small towns and suburbs have lowest employment rate

The degree of urbanisation classification based on the European methodology (LAU 2 level or Local Administrative Units, formerly NUTS 5) is made in urban centres… Mai mult

Romania – country that benefited most from EU membership. Notice, though, experience of others!

Romania is the EU member state that has benefited the most from EU membership, with an increase in the standard of living expressed in GDP… Mai mult

Alarm that does not wake anybody up – Lowest revenue as a share of GDP. Consequences for economy, society, everyday life

Last year, Romania was the EU country with the lowest public revenue related to GDP (30.5%), with the exception of Ireland (which was in a… Mai mult

Fierce fiscal competition for stimulating R&D – Romania is playing

Global fiscal competition to attract economic activity has intensified, especially in the area of incentives granted to R&D activities, according to the EY Worldwide R&D… Mai mult

Another Energy Strategy for Romania: Hydroelectric power plant in Teleorman, among the only four objectives assumed. Experts’ reactions

Romania’s most recent energy strategy estimates total investments in the field “between EUR 15 and EUR 30 billion for the period 2018-2030, with a central… Mai mult

“Epidemic” of personnel crisis is expanding: areas and sectors affected

Employers in Romania say they intend to recruit personnel at a sustained rate in the last three months of the year, a sign that tensions… Mai mult

How Romania is seen from an EU economic indicators perspective

Eurostatistics is a synthesis based on a set of standardized and harmonized benchmarks for the comparability between countries at the European level (Principal European Economic… Mai mult

Quality of economic growth? Let’s look at resource productivity

Romania climbed last year on the penultimate position among the EU member states in terms of the productivity of resources in the economy, after Bulgaria,… Mai mult

Study: Consumption ghosts – Two-thirds of undercapitalised companies have no revenue

Romania’s economy is becoming more and more vulnerable due to the increasing number of businesses that state no revenues, register losses and debts exceeding their… Mai mult

Labour cost, more than 15% higher than last year

Hourly labour cost increased by 15.6% in the second quarter of 2018 compared to the same period of 2017 (+ 9.36%, compared to Q1 2018),… Mai mult

Fiscal Council, about budget amendment: Increase in revenues from VAT and excise duties has no basis

The Fiscal Council announced on Wednesday, the day when the Government adopted the draft budget amendment without the opinion from CSAT, that it considers the… Mai mult

A bizarre thing? Ranking 1st by GDP growth, last within the EU by loan costs: 5% threshold exceeded in July

Romania is the country that borrows money at the highest costs among all EU states, and the 5% yield threshold for government bonds was exceeded… Mai mult

Step by step, Bulgaria hands over red flashlight to Romania

Bulgaria’s economy is smaller and somewhat less performing, but it seems to be a bit livelier. In terms of GDP/capita level, to paraphrase a popular… Mai mult

Most generous employer is state: double salary in public sector, triple public-private gap

Romanians are working harder to maintain an increasingly bureaucratic, inefficient and more expensive administrative apparatus – this is the conclusion of an analysis published on… Mai mult

Sudden and spectacular deficit growth: budget implementation on H1

  At the end of the first half of the year, the general consolidated budget registered a deficit of about RON 15 billion, an amount… Mai mult

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NEWS

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

PSD announces consensus with ALDE on offshore law: 50% of production is sold on Romanian commodity exchange, maximum 30% deductions for operators

PSD and ALDE reached consensus on amendments to the offshore law, the leader of PSD deputies Daniel Suciu announced on Wednesday evening and said that… Mai mult

Siegfried Muresan asks for EUR 2 billion from EU post 2020 budget to defend rule of law

MEP Siegfried Muresan (PPE / PNL) has submitted this week an amendment to the European Parliament's interim report on the EU post-2020 multiannual budget and… Mai mult

National Bank of Romania caps maximum indebtedness at 40% of net income for loans in RON

BNR Board of Directors has adopted the new lending terms for individuals, according to which the maximum level of indebtedness will be 40% of the… Mai mult

Regional Operational Program has been amended: More than EUR 220 million, reallocated to SMEs and health infrastructure

The Regional Operational Program (ROP) for Romania has been modified to reallocate funds of EUR 220 million for the competitiveness of SMEs and the development… Mai mult

Cluj-Napoca - only city in Romania that receives European funds for innovative projects

Only Cluj-Napoca is among the 22 European cities that will receive financing from the European Regional Development Fund (FEDR) for innovative solutions in addressing urban… Mai mult

Prime Minister Dancila dismissed 13 of 15 civil society representatives from Economic and Social Council. They were blocking legislation that did not gathered all opinions

Prime Minister Viorica Dancila has replaced 13 of the 15 civil society representatives in the Economic and Social Council (CES). Following a decision published on… Mai mult

West Quadrilateral / Four counties joined to directly access European money for major infrastructure projects

From right to left: Gheorghe Falca, Nicolae Robu, Ilie Bolojan. Emil Boc, Mayor of Cluj Napoca, misses Four mayors from the West of the country… Mai mult

Chamber of Deputies / PSD loses UDMR’s support for amending Offshore Law, draft returns to committees for a week

The plenum of the Chamber of Deputies decided on Wednesday to resend the Offshore Law to committees after a seemingly surprising request of UDMR leader… Mai mult

Government amended insolvency law. Guarantees given by Minister Teodorovici

The Government adopted on Thursday the draft Emergency Ordinance for amending and supplementing legislation in the field of insolvency, which provides among other things for… Mai mult

Romania ranked 7th in EU in terms of renewable electricity

Unlike the vast majority of the economic areas, in which we are at the bottom of the European ranking, Romania succeeded to rank 7th by… Mai mult

Resounding failure of PSD lobbying action in Brussels

There are clear signs that the lobbying action launched by the ruling coalition in Brussels in favour of the government in Bucharest will end with… Mai mult

MFP: Romania does not endorse a separate budget for Eurozone and rejects the idea of ​​taxing financial transactions

Romania does not endorse a separate budget for Eurozone and rejects the idea of taxing financial transactions, Minister of Public Finance Eugen Teodorovici said after… Mai mult

Finance Ministry wants to change rules for insolvency: state could also register claims after procedure is launched

Companies’ possibility to avoid paying creditors (and in particular the payment of tax receivables) simply by declaring their insolvency would be drastically limited, according to… Mai mult