Central Bank Official: Romania Has Highest Income Inequality Among Workers, In The EU
09.19.2017
Romania has the highest income inequality between the minimum and maximum income earned by employed people, among European Union member states, said Romania's central bank chief economist Valentin Lazea, adding this gap is high „in flat tax countries”.
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EU Agriculture Commissioner Rules Out Crisis Reserve Aid For Swine Fever Epidemic In Romania today, 14:23
EU Agriculture Commissioner Phil Hogan has momentarily ruled out the use of the European crisis reserve scheme in case of the swine fever epidemic... more
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Eurostat: Romania Ranks Last In EU By Number Of Employees In Temporary Employment 08.13.2018
Romania had the fewest employees in temporary employment in the European Union in 2017 (a little over 1%), being followed by Lithuania (2%),... more
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Romanian Government Transposes EU Package Travel Directive 08.02.2018
Romania’s Government has passed an emergency decree on Thursday for providing 100% guarantees in the case of travel packages sold by tourism... more
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President Passes Bill Granting Prognosis Commission Attributions In Public-Private Partnerships 08.01.2018
Romanian President Klaus Iohannis has signed into law a bill approving government decree no. 28/2018 which gives the country’s main economic and... more
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European Commission Admits Romania’s Request To Raise Down Payments For Farming Subsidies 07.30.2018
Romania’s Agriculture Ministry has announced on Monday that the European Commission has approved the country’s request to increase the down... more
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Romanian State Reclaims Majority Stake in Mangalia Shipyard, Damen Holds 49% 07.23.2018
The Romanian state has reclaimed the majority stake in the shipyard in Mangalia, with 51%, while Dutch Damen Shipyards Group owns 49%, the Romanian... more
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Romanian Finance Ministry Shelves Bill Capping Gas Prices From Domestic Output 07.20.2018
Romania’s Finance Minister Eugen Teodorovici announced on Friday that a draft bill capping the price of gas from domestic output has been pulled... more
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Fondul Proprietatea Urges Government to Pull Bill Capping Gas Prices 07.20.2018
Romanian investment fund Fondul Proprietatea (FP.RO) calls on the government to pull its draft decision capping the price of natural gas from... more
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Romania Tax Agency Collects Over RON112B in Tax Revenue in 1H/2018 07.20.2018
Romania's tax agency ANAF collected over RON112 billion in tax revenue ion the first half of the year, 13.5% higher compared to the same period... more
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Government Approves EUR1B Funds For Investments In Cultural Objectives 07.19.2018
Romania’s Government has passed on Thursday an emergency decree granting funds worth EUR1 billion for multiannual investments in historical... more
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European Commission Refers Romania To EU Court Of Justice Regarding Money Laundering Directive 07.19.2018
The European Commission announced on Thursday that it referred Romania, together with Greece and Ireland, to the EU Court of Justice for failing to... more
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Natural Gas Prices Grow 5.83% for Household Consumers as of Aug 1 07.19.2018
The price of natural gas for household consumers will be raised by 5.83% as of August 1, Romania's energy regulator ANRE said Thursday. more
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Eurostat: Over 38% of Romanians Are at Risk of Poverty and Social Exclusion 07.17.2018
Over 38% of Romania's population is exposed to risks of poverty and social exclusion, 15.3 points above the EU average of 23.5%, Eurostat data... more
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Schweighofer Still Driving Destruction of Ancient Forests in Romania, EIA Investigation Finds 07.17.2018
A new investigation from the Environmental Investigation Agency (EIA) shows Austrian timber giant Holzindustrie Schweighofer, one of the largest... more
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Economy And Salaries On The Rise, Half Of Young People Plan On Leaving The Country 07.16.2018
Romania remains a country of contrasts, because, even though the economy and salaries are on the rise, and the job supply is greater than demand,... more
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Romania Supports Anti-VAT Fraud EU Directives 07.13.2018
Romania’s Finance Ministry announced that it supported two proposed EU directives designed to fight against VAT fraud during Friday’s ECOFIN... more
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World Bank: Romania’s Population Density Slumps To 1968 Level 07.10.2018
Romania registered a population density of only 85 people per sq. km in 2017, reaching a level similar to that of 1968 and seeing a continuous... more
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Prosecutor General Names Interim Chief Of National Anticorruption Directorate 07.09.2018
Romania’s Prosecutor General Augustin Lazar has delegated on Monday prosecutor Anca Jurma as interim chief-prosecutor of the National... more
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Romanian President Dismisses Country’s Top Anticorruption Prosecutor 07.09.2018
Romanian President Klaus Iohannis signed on Monday a decree dismissing top anticorruption prosecutor Laura Codruta Kovesi from office, enforcing a... more
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Romanian President Must Pay RON1.2M In State Damages For Illegal Rent, Says Finance Minister 07.06.2018
Romanian Finance Minister Eugen Teodorovici said Friday that President Klaus Iohannis must pay the state RON1.2 million, representing the rent he... more
Lender ING Bank Romania on Tuesday reported a net profit of RON345 million for the first half of 2018, on higher revenues and lower
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Hotels, pensions, lodges and motels in Bucharest and in the Constanta and Brasov counties posted more than 2.5 billion lei (EUR538
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Romania’s game development industry is dominated by multinationals and the four largest such companies in the country by revenue in
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Sales of durable goods on the Romanian market rose 11.8% in April-June 2018, to EUR700 million, mostly backed by the telecom segment,
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The 20 largest companies that went insolvent in the first half of 2018 posted 1.5 billion lei (EUR324 million) revenue and had about
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The investment volume in the first half of 2018 amounted to around EUR386 million in Romania, down 27% from the same period of the
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The Bucharest Stock Exchange increases the maximum number of companies in its BET index and its total return version BET-TR from 15 to
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C&W Echinox: Romania's Real Estate Market Attracted EUR386M Investments in 1H/2018
The investment volume in the first half of 2018 amounted to around EUR386 million in Romania, down 27% from the same period of the previous year, when the investment market reached a value of EUR530 million, according to Cushman & Wakefield Echinox calculations and estimates.
