By Ioana Patran BUCHAREST, Nov 29 (Reuters) - Romania is among the best placed of Europe's ex-communist countries dreaming of escape from reliance on Russian gas, as its newly accessible shale deposits place self-sufficiency within its grasp. The obstacle, as elsewhere, stems from fears that extracting gas from shale will pollute water for drinking and farms. U.S. energy major Chevron wants to start drilling
Sales of second-hand clothes, shoes, and other products have doubled in the last five years, reaching RON 1 billion (EUR 200 million), according to statistical data provided by the Bridge to Information platform based on official statistics, as quoted by Ziarul Financiar. The market may...
Romania's former president, Klaus Iohannis, has been ordered by the National Agency for Fiscal Administration (ANAF) to return nearly EUR 1 million in rent, penalties, and interest linked to properties in Sibiu that he lost in court, Digi24 reported on August...
The magistrates recipients of the so-called "special pensions" or technically "service pensions" not entirely based on past contributions will have to retire at the standard age (65 years currently) and have a minimum length of service of at least 35 years, with the net amount of the pension being limited to 70% of the net […]
Romania’s Finance Ministry on August 14 published the measures to be included, besides the measures targeting the local administration and the state-owned enterprises, and possibly the special pension law, in the second package of reforms aimed at budgetary consolidation. The Ministry of Development also published the chapter on local administration. The measures proposed by the […]
The current account (CA) deficit contracted by 39% y/y to EUR 1.9 billion in June, driven by a 7.9% smaller deficit in the trade in goods (EUR 2.5 billion), according to data published by the National Bank of Romania (BNR). The CA gap in rolling 12 months decreased to EUR 31.8 billion in June from […]
Romania's industrial production volume index, adjusted for seasonality and workdays, increased by +1.8% q/q in Q2, marking the third consecutive growth of positive dynamics according to data published by the statistics office on August 14. Compared to the same period last year, the output was 0.3% lower (-3.7% y/y in Q1) while it lagged by […]
