The government must operate a salary increase in the public sector along with a reduction of Social Insurances Contribution (CAS), former Finance Minister Sebastian Vladescu said on Radio France International (RFI). He believes that a mix of both measures is more efficient. The wage increase should be made in two steps: June 2012 and January [...]
Romania's prime minister Marcel Ciolacu, on September 24, met representatives of OMV Petrom, whom he assured of the government's support for the Neptun Deep offshore project that was finally launched after years of hesitations and expects to see the first drillings by the end of the year. The project faces hurdles from environmental groups concerned […]
The turnover of two major food delivery platforms (Glovo and Bringo) decreased after stellar expansion during the pandemic period, while a third one (Tazz) posted a 19% growth rate consistent with the growth rates seen in traditional industries, according to Ziarul Financiar compiling public data. Beyond...
Romania's twin fiscal and current account deficits will narrow in 2025 in line with softer pressures posed from both the public and private, under the baseline scenario drafted by CEC Bank's Head of Asset and Liability Management Ionut Lianu quoted by
Romania sticks with its plans to deliver the fiscal consolidation strategy to the European Commission by October 15, and the strategy encompasses a seven-year transition before reaching the 3%-of-GDP gap, finance minister Marcel Bolos confirmed in a conference, quoted by
The Romanian households increased their stock of bank loans by RON 12.7 bln (EUR 2.54 bln) in 12 months to August 2024 (+7.4% y/y to RON 185 bln), compared to only RON 0.3 bln (+0.2%) in the previous 12-month period, according to data published by the National Bank of Romania (BNR). The higher net wages […]
Sean Baker's Anora, this year's winner of the Palme d'Or, is among the films that will be screened at Les Films de Cannes à Bucarest, the festival running a program of auteur films awarded at the Cannes Festival and other major film events. The film follows Anora, a young sex worker in Brooklyn, who gets […]
