Mains

What Romania exported and imported in 2017. Some observations

According to INS data, last year, the automotive industry was the driver of Romanian exports, with about EUR 9.6 billion, of a total of EUR… Mai mult

Real salary goes “down to Earth”. Health and education are still Cinderella

The average gross salary earning announced by the INS for February 2018 was 4,128 lei, 0.4% lower than in the previous month. Paradoxically, the net… Mai mult

EU tax harmonization plan may have negative effects on Romania. Bucharest – totally unprepared

European authorities are taking increasingly decisive steps towards tax harmonization of the 27 systems remained in the EU, but the new measures may have negative… Mai mult

Beware of who bears the burden: Atypical arrangement of wage cost increase in Romania in 2017

Romania ranked first in the EU in 2017 by the labour cost increase, according to data published by Eurostat. With an increase of +15% in… Mai mult

A ruthless table: Number of Romanians who obtain citizenships in other EU countries is growing more than those who run away from dictatorships

The number of Romanians who obtain citizenships in other EU countries keeps growing. Only in 2016, 29,700 people swore to another member state, compared to… Mai mult

Romania fulfils again stability requirements (a near-miss) in terms of housing price increase

According to the revised data published by Eurostat, Romania has fulfilled again (a near-miss) the macro stability requirement set at the European level for the… Mai mult

Foreign trade deficit, concentrated in seven countries. Hungary ranks second, right after China

Seven countries concentrate 99% of the deficit that Romania registered in foreign trade exchanges in 2017 – according to provisional data published by the National… Mai mult

First time in last four years, (significant) budget deficit at the end of February. Increasingly weaker state, increasingly bigger obligations

The consolidated budget ended the first two months of 2018 with a deficit of 0.59% of the estimated GDP for the current year, according to… Mai mult

Romania lost one more key indicator on the European macroeconomic scoreboard: rhythm of labour cost increase

After it reached, two years ago, among top states that met most economic stability criteria imposed by the Macroeconomic Imbalances Procedure Scoreboard (MIPS), with 13… Mai mult

One third of European funds lost at whole Europe level belong to Romania: a failure of EUR 1.64 billion

The European Commission sent on Tuesday a briefing to the European Parliament on the 2007 – 2013 Multiannual Financial Framework. According to the Commission’s data,… Mai mult

Inflation in Romania, seen from Europe

In the first month of the year, prices were higher by 2.66% compared to 2015, according to the data published by INS in the middle… Mai mult

Study: Investment of Romanian companies are risky and with a low multiplier effect across economy. Chance is with medium-sized companies

Most of the Romanian companies’ investments are risky – because they use resources in the short term, they are oriented towards “what everyone does”, therefore… Mai mult

Standing of teachers in Romania – country with the lowest share of graduates specialising in education sciences

In Romania, only 3.5% of the young people from the 2015 class graduated from education sciences faculties, which confirms that fewer Romanians want to pursue… Mai mult

EY barometer: Business community is more concerned about growth model and public policies than bureaucracy

Entrepreneurs and leaders of Romanian private companies are distrustful about the consumption-based economic growth model because it does not offer but a short-term perspective, according… Mai mult

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NEWS

List of black payments / Corruption in health sectors: Bribes - 25% of contract value, higher than in other fields

Romania is the European country with the lowest spending in the health sector. However, DNA statistics show that the bribe in this field is higher… Mai mult

Finance Ministry analyses tax codes, article by article, to amend them again

The Tax Code and Fiscal Procedure Code will be amended by the end of this year with a "fair and logical" approach without "populist" initiatives,… Mai mult

Klaus Iohannis - fined by Anti-Discrimination Council with 2,000 RON for using word "offenders"

President Klaus Iohannis was fined with 2,000 RON by the National Council for Combating Discrimination. CNCD President Csaba Astalosz says though he disagrees with the… Mai mult

Multinationals in Romania: home countries and preferred domains

Romanian businesses control only 6.8% of the 78,181 groups of companies in Romania. There have been 78,181 groups of enterprises identified, out of which 5,311… Mai mult

London Stock Exchange opens a Service Centre in Bucharest with 200 employees

The London Stock Exchange Group (LSEG), the operator of London Stock Exchange, announced that it will open a business services centre in Bucharest through the… Mai mult

NATO largest exercise in Black Sea in 2018: More than 2,300 troops from seven countries participate in Sea Shield 18

21 military ships, 10 combat aircraft, and a submarine participate between May 4-11 in Sea Shield 18, the largest NATO exercise organised on the southern… Mai mult

"Emergency constitutional support": President Iohannis sends laws on judiciary to Venice Commission and asks Constitutional Court to wait for the answer

President Klaus Iohannis announced on Wednesday that he is referring to the Constitutional Court of Romania the Parliament's amendments to the three laws on the… Mai mult

IMF revised upwards Romanian economic growth in 2018, from 4.4% to 5.1%

The International Monetary Fund (IMF) has revised upwards the Romanian economy growth forecast for this year, from 4.4% to 5.1%, according to the latest World… Mai mult

Company insolvency, set on an upward trend in 2018, caused losses of RON 9.6 billion in 2017: ONRC statistics

The number of companies and authorized natural persons (PFA) which have declared insolvency increased by 19.31% in the first quarter of 2018 compared to the… Mai mult

Romania officially started negotiations with Mafia on Thursday. Criminal Law based on which there would be no Colectiv, Hexi Pharma, TelDrum, abusive retrocessions files anymore

Proposals to amend the Criminal Code started to be debated on Thursday at the Special Committee on the Laws on the Judiciary headed by former… Mai mult

Prime Minister Netanyahu's personal doctor, appointed as honorary adviser of Viorica Dancila

Herman Berkovits received in May 2014 the Key to the City from Mayor Sorin Oprescu Herman Berkovits, the personal doctor of Israeli Prime Minister Benjamin… Mai mult

Industrial production, up 7% in first two months of 2018, compared to the same period of last year

Industrial production (gross series) was up 7% in the first two months of 2018 compared to the same period in 2017, following the growth in… Mai mult

Deloitte study: Romania vs. EU - Tax rules applied to losses from selling bad loans

Deloitte Romania, at the request of the Romanian Banking Association, conducted a study for analysing the tax treatment of the sale of receivables and the… Mai mult

Transgaz, favourite to take over Greek natural gas transport operator

The US and the EU support Transgaz-Reganosa (Spain) offer to take over the Greek natural gas transport operator DESFA, for geopolitical reasons, the Greek media… Mai mult

Workforce (i)mobility: Unemployed young Romanians are not willing to move to another locality for a job

Romania has one of the highest percentages of young unemployed people who would not leave their hometown to find a job (either in the country… Mai mult