03.29.2024

BCR contributed EUR84 million (19.3%) of the EUR435 million syndicated loan that Ford Otosan Romania, subsidiary of Ford Otosan Turkey, took out to support production of the new Ford Puma, of the Ford more

10.21.2021

Cigarette producer BAT contributed RON7.8 billion to Romania’s state budget in the first nine months of 2021, 13% more than in the year-earlier period. more

03.30.2021

Coal was used to generate 16.5% of Romania’s energy last year, which is unprecedented since the major thermoelectric plants in Oltenia used to account for more than 20% of the country’s energy more

02.25.2020

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12.03.2018

The first year of implementation of the ordinance transferring social security contributions from employer to employee (No. 79/2017) illustrates un abnormal situation on the labor market, as some more

09.10.2018

On the mandatory private pension segment Pillar II, the average contribution of participants with contributions transferred in June 2018 stood at RON157.46, a slight decrease, of 0.71%, compared with more

11.08.2017

Romania's government on Wednesday approved an emergency decree lowering contributions to a mandatory private pension system known as pillar II to 3.75% from 5.1%. more

08.30.2016

Three mandatory pension funds of NN (Netherlands), Allianz-Tiriac (Germany) and Metropolitan Life (US) manage the pension money of about 4.3 million Romanians or 64% of the people who have a pension more

08.26.2016

Romania’s agricultural output might rise by 5%-10% in 2016, therefore its contribution to the country’s gross domestic product will reach nearly 0.25%, said Ionut Dumitru, chief economist at more

07.01.2016

The ten most important sectors in Romania’s economy generate 63% of the total revenue or 720 billion lei (EUR159 billion). more

04.02.2015

Insurance firms in Romania issuing mandatory car insurance policies RCA will pay to Street Victim Protection Fund a contribution of 2% of the volume of cashed premiums to ensure the funds needed to more

01.12.2015

Agriculture contributed EUR17 billion to Romania's economy in 2014, its third best result ever after the peaks of 2011 and 2013. more

09.18.2014

Romania’s Financial Supervisory Authority has decided to increase, as of January 1, 2015, the contribution paid by insurance firms to the guarantee fund of insurers (FGA) because damage payments and more

05.12.2014

Confusion as to how many employees there are in Romania increased at the end of last week after a report of the National Trade Union Bloc, one of the most powerful trade union organizations in the more

10.25.2013

Romania’s Government decided Friday the country will contribute over EUR8.1 million to the operational programs carried out by the European Space Agency (ESA). more

09.13.2013

Romanians who obtain revenues from home rental will pay health insurance contributions of at most 611 lei (EUR136) per month in 2013, according to a bill drawn up by the Finance Ministry. more

09.19.2012

The public pensions of Romanians born between 1966 and 1971 will not exceed 15% of their last wages, as the current resources of the country’s public pension system do not allow for more, an more

05.28.2012

Romania’s Labor Ministry proposed the reduction of social security contributions by 5 percentage points for employers starting January 2013, Labor Minister Mariana Campeanu said Monday. more

05.07.2012

Romania remains attractive for Western European employers in terms of salary costs thanks to its 16% flat-rate income tax, but loses ground in terms of social security contributions, which are much more

04.02.2012

Romanian companies that issue mandatory car insurance policies (RCA) will not contribute this year to the fund protecting road accident victims, as the fund has enough resources to cover possible more

03.11.2012

Romanian President Traian Basescu told private television PRO TV Sunday it is not the right time to lower social security contributions, adding that increasing public wages would be the right more

01.03.2012

Of all the sectors in the economy, the healthcare sector is likely to be targeted by the most changes in 2012. The new health law, which will be debated over the course of this year, aims to more

12.28.2011

Romanians who fail to pay their health insurance contribution will receive medical care only in emergency situations, in infectious disease cases and for illnesses included in the national more

12.22.2011

Health insurance contributions next year will be kept at the same level as that in 2011, while the list of people exempt from paying the contribution will be revised once the new healthcare law takes more

11.08.2011

Romania will raise its contribution to the International Monetary Fund by SDR 781.2 million (about EUR900 million), from SDR 1.03 billion to SDR 1.81 billion, with three quarters of the raise to be more