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12:10, 17.08.2023

Domestic primary energy production increases 3.7% in H1, electricity consumption in economy drops 7.6%

Domestic primary energy production increases 3.7% in H1, electricity consumption in economy drops 7.6%Domestic primary energy production increased 3.7% in the first six months of the year, compared to the same…




15:55, 16.08.2023

Biofarm makes net profit worth 50.1 million RON in H1 2023, up 15 pct v H1 2022

Biofarm registered a 17 pct increase in turnover for the first half of 2023, compared to the same period of the previous year, and the net profit reached RON 50.1 million, registering an advance of approximately…




11:10, 16.08.2023

GDP grows 0.9pct in Q2, 1.7pct in H1

GDP grows 0.9pct in Q2, 1.7pct in H1Romania's Gross Domestic Product (GDP) grew 0.9% in the second quarter of 2023, compared to the previous quarter, and in the first half of the year it increased 1.7% compared…




14:40, 14.08.2023

Romania's H1 current account deficit narrows by 18 pct YoY

Romania's H1 current account deficit narrows by 18 pct YoYThe current account of Romania's H1 balance of payments was running a deficit of 9.826 billion euros, down by more than 18 percent from 11.997 billion euros…




14:50, 10.08.2023

Financial worries influence personal, career plans of Romanians (recruitment platform)

Candidates apply pragmatically aiming for stable jobs and higher wages or are geared towards future fields, reveals a study published on Thursday by an online recruitment platform.The current economic context changes…




14:40, 10.08.2023

New vehicle registrations up 22 pct January through July 2023 v 2022

New car registrations increased in Romania, in the first seven months of 2023, by 22.2 pct, compared to the same period of the previous year, while "green" cars registered a 36.5 pct jump and reached a market share…




20:55, 09.08.2023

Culture Minister Turcan: I don't think we will have an increased VAT on books

The Minister of Culture, Raluca Turcan, on Wednesday told a press conference in Iasi City that she does not believe that the VAT on books will increase from 5% to 19%, while also mentioning that the ministry she…




15:35, 05.08.2023

Forta Dreptei's Orban proposes the lay-off of 200,000 public employees, cancelation of holiday vouchers

The President of the Right Force Party [Partidul Forta Dreptei], Ludovic Orban, on Saturday proposed the dismissal of 200,000 employees from the public system, and also the elimination of holiday vouchers for the…




10:31, 04.08.2023

PM Ciolacu: Neptun Deep Project will increase Romania's energy security

PM Ciolacu: Neptun Deep Project will increase Romania's energy securityPrime Minister Marcel Ciolacu says that the Neptun Deep project, which involves the extraction of gas from the Black Sea, is a strategic one…




15:50, 03.08.2023

PSD government increases taxes and kills off part of the middle class (REPER's Ciolos)

The Social Democratic Party (PSD) government is increasing taxes and "killing off" part of the middle class, instead of consistently reducing public spending, said on Thursday REPER MEP Dacian Ciolos."After 30…




10:25, 02.08.2023

Industrial production prices increase 3.8% in June

Industrial production prices increase 3.8% in JuneIndustrial production prices (domestic and foreign markets) increased 3.8% in June 2023, compared to the same month last year, but decreased by 0.6% compared to…




18:50, 29.07.2023

General consolidated budget outstanding debts up by 0.65 pct in June 2023

The outstanding debts of the general consolidated budget increased by 0.656 pct, in June 2023, compared to the previous month, to 339.85 million RON from 337.63 million RON in May, according to data published on…




16:15, 27.07.2023

ECB raises key rate to historic high, keeps options open

The European Central Bank raised its deposit rate to a historic high on Thursday and kept its options open on whether more increases will be needed to bring down inflation against a worsening economic backdrop,…




13:01, 27.07.2023

Gov't to increase value of meal vouchers, as per governing program

The government is set to approve on Thursday the increase in the value of meal vouchers from 30 RON to 35 RON starting August 1, and subsequently to 40 RON as of January 1, 2024, Prime Minister Marcel Ciolacu announced."It's…




10:15, 27.07.2023

INTERVIEW/WB's Gallina Vincelette: World Bank recommends increasing efficiency and equity of fiscal policy in Romania

The World Bank recommends that the Romanian authorities increase the efficiency and equity of the fiscal policy, which will lead to higher revenues without compromising economic growth, World Bank's Country Director…




17:25, 25.07.2023

Right Force's Orban: Any increase in taxation will slow down economic growth

Right Force's Orban: Any increase in taxation will slow down economic growthNational leader of the Right Force Party Ludovic Orban said on Tuesday that any increase in taxation will slow down economic growth and…




13:40, 21.07.2023

PM Ciolacu: We will increase the minimum salary so that no one loses anything

PM Ciolacu: We will increase the minimum salary so that no one loses anythingThe minimum salary will increase in Romania, for this is a mechanism by which we are trying to keep the workers in the country, said…




19:20, 20.07.2023

Romania's crude oil production decreases by 3.9%, imports increase by 10.3% in first 5 months

Romania produced, in the first five months of 2023, a crude oil quantity of 1.177 million tonnes of oil equivalent (toe), by 47,300 toe less (-3.9%) than in the same period last year, according to data centralized…




16:20, 19.07.2023

Restrictive fiscal measures contemplated by Gov't would blow up Romanian tourism potential (employers' organisation)

The elimination of holiday vouchers for the public sector would encourage the re-emergence of "black" tourism, and the increase of the hospitality VAT to 19 percent would result in an increase by a minimum 10 percent…




14:25, 19.07.2023

Euro trades at 4.9465 RON

The exchange rate of the national leu currency resulting from the quotations announced on Wednesday by the banks authorized to operate on the currency market is as follows: CITESTE SI President Iohannis promulgates…




13:10, 19.07.2023

Law on extension of protection order for victims of domestic violence to 12 months, promulgated

Law on extension of protection order for victims of domestic violence to 12 months, promulgated. President Klaus Iohannis has promulgated the law that provides for the extension of the protection order for victims…




13:05, 19.07.2023

If urgent fiscal adjustment needs to be made, it cannot be achieved by overnight tax increases alone (Concordia's Sucu)

If urgent fiscal adjustment needs to be made, it cannot be achieved by overnight tax increases alone (Concordia's Sucu).Employers' organisations have asked the prime minister that decisions on tax measures should…




12:05, 19.07.2023

Turnover in motor vehicles and market services provided to population, increases over 5 months

Turnover in motor vehicles and market services provided to population, increases over 5 months. The volume of turnover in the trade in motor vehicles and motorcycles increased in the first five months of the current…




13:05, 13.07.2023

Interview with US Ambassador Kathleen Kavalec: It’s important to increase the capacity and efficiency of the Port of Constanța/ The Port could be kept…

Kathleen Kavalec, the US Ambassador to Bucharest, was present in Constanta for the exhibition “We The People”, set up in Ovidiu Square, and spoke in an interview with Info Sud-Est about the Port of Costanța, how…




10:55, 13.07.2023

Sugar and potatoes, top increases in prices in 2023

Sugar and potatoes are the food products whose prices went up the most in the last year, while the price of oil is the only one to decrease, according to data published Thursday by the National Institute of Statistics.In…




20:20, 28.06.2023

Sanitas obtains income increases starting August 1 for all categories of employees it represents

Sanitas obtains income increases starting August 1 for all categories of employees it represents. Sanitas representatives obtained income increases for all categories of employees they represent, which will be…




22:15, 26.06.2023

Culture Minister Turcan: Bucharest International Film Festival - event of increasing relevance in capital city

Culture Minister Turcan: Bucharest International Film Festival - event of increasing relevance in capital city. The Minister of Culture, Raluca Turcan, said on Monday that the Bucharest International Film Festival…




08:31, 16.06.2023

US Ambassador Kavalec appreciates the increase in number of women ministers in Romania's Government

US Ambassador in Bucharest Kathleen Kavalec appreciated on Thursday the increase in the number of women having ministerial offices in Romania's Government."We are applauding the new Government of Romania for the…




17:40, 14.06.2023

Special pensions outlays under new provisions to get close to contributory system

Special pensions outlays under new provisions to get close to contributory system. The retirement age will increase in the case of all categories of special pensions, and the time against which the calculation…




19:25, 12.06.2023

OUG regarding the increase of salaries in education published in the Official Journal

OUG regarding the increase of salaries in education published in the Official Journal. Emergency Ordinance No. 57/12 June 2023 establishing some measures regarding the pay scale of the staff in the national state…