Romania’s trade deficit narrowed marginally to EUR8.64 billion in the first 11 months of 2011, from EUR8.69 billion in the year-earlier period, the country’s statistics institute INS said Monday.
The National Federation of Public Administration Trade Unions (FNSA) has voiced strong opposition to a government proposal to reduce staffing levels in local public administration by 20%, warning that the move could paralyse essential services. The reform plan, published this week for public consultation by the Ministry of Development, Public Works and Administration, envisages the […]
The Constitutional Court of Romania could again strike down the government’s bill to reform magistrates’ special pensions on procedural grounds, G4Media.ro reported on August 13, citing Senate...
State-owned Hidroelectrica (BVB: H2O), Romania’s largest energy producer, posted a sharp decline in financial results in the first half of 2025 due to poor hydrological conditions and lower electricity prices, according to the financial results published at the Bucharest Exchange. Revenues fell 16% year on year to RON 4.3 billion (EUR 860 million), while net […]
A total of 2,751 MW of green energy projects, onshore wind and solar, will be built through the Contracts for Difference (CfD) mechanism, a state support scheme, financed through the Modernization Fund, through which energy producers have a guaranteed price for 15 years. According to information published by the Ministry of Energy, this is 1,488 […]
The average net wage in Romania increased by 7.0% y/y in June to RON 5,539 (EUR 1,097), easing to the slowest annual growth rate since November 2021, according to data published by the statistics office INS on August 13. In real terms, the annual growth rate eased to 1.3% y/y, the weakest advance in more […]
The interim president of the Social Democratic Party (PSD), Sorin Grindeanu, announced that he had a meeting with the minister of finance and that the new formula for taxing multinationals is "a necessary step, but not sufficient,"
