On Saturday, labor inspectors carried out checkups at the Tourism Fair organized in Bucharest at Romexpo to verify, among others, whether attending company representatives are bound by a labor contract, exhibitors have stated, as cited by Mediafax. The results of the inspections will be made public later this week. In turn, tourism employers’ associations have [...]
Romania’s Labour Ministry published on November 13 the draft bill for updating the minimum statutory wage on an annual basis, by indexation with a coefficient that includes inflation and labour productivity gain, Cursdeguvernare.ro reported. In case the result is lower than 52% of the projected average wage...
The notifications requested from Ukraine and Moldova failed to confirm that nationalist leader George Simion (AUR) would be a Russian spy or would be in contact with Russian intelligence officers, Romanian prime minister Marcel Ciolacu stated in response to inquiries expressed by his rivals in the presidential elections, Nicolae Ciuca (Liberal Party, PNL) and Mircea […]
Romania's Senate has approved a USD 6 billion bill to purchase 32 F-35 fighter jets, engines, ammunition, and logistical support, securing 76 votes in favour. This final parliamentary approval advances the bill to president Klaus Iohannis for promulgation unless contested at the Constitutional Court. Under the terms, the aircraft delivery is expected by 2031, with […]
Romania's state-controlled Oil Terminal (BVB: OIL), managed by the Ministry of Energy, reported a net profit of RON 45.26 mln (EUR 9.05 mln), a 91% increase year-on-year, for the first nine months of 2024, according to revised financial results published on the Bucharest Stock Exchange. Total revenues rose by 35% y/y to RON 354 mln […]
Romania's National Forestry Authority, Romsilva, is set to purchase over 4,000 hectares of forest land in Neamț County from Romanian-Swiss businessman Eric Ioan Sturdza for EUR 22 million, Profit.ro reported. This acquisition, approved by Romsilva's Board...
The high competition among bidders pushed up the price charged by Romania’s largest wind farm, Fantanele-Cogealac, owned by Evryo owned by investment fund Macquarie, to RON 565 (over EUR 110) per MWh, a price that was paid by Electrica’s subsidiary DEER which won four of the seven contracts. The starting prices ranged between RON 400 […]
