Economics
Bulgaria and Romania post lowest hourly labour costs in EU in 2016
April 07, 2017 15:05
Hourly labour costs ranged from 4.4 euros to 42.0 euros across the EU member states in 2016, having been the lowest in Bulgaria and Romania - 4.4 euros and 5.5 euros, respectively - and the highest in Denmark and Belgium - 42.0 euros and 39.2 euros, respectively - according to date released on Thursday by the Eurostat statistics office of the EU.  Developments in hourly labour costs in Romania has been inconsistent, from 1.9 euros in 2014, to 4.2 euros in 2008 and 4.1 euros in 2012, going up to 4.6 euros in 2014, to 4.9 euros in 2015 and to 5.5 euros in 2016. Throughout these years, Romania and Bulgaria kept recording the lowest such costs in the EU....more »
Government approves amendments to renewable energy Law 220/2008
March 31, 2017 16:09
The main amendments brought by EGO will be the elimination of validity period of only 12 months for the green certificates. Basically, these will be valid for the entire period of the support scheme operation, until 2032. The mandatory qu...more »
Energy Ministry: Gas price liberalization effective as of April 1, 2017
March 31, 2017 09:43
The liberalization of Romania's domestic gas market will come into effect on April 1, according to the Government's Emergency Ordinance No. 64/2016, as there are no technical arguments for the move to be postponed once again, declares the Energy Ministry in a press release. According to the release, following the parliamentary debate on the gas market liberalization beginning April 1, 2017 as per OUG No. 64/2016, but also following the note of the Lower House Committee on Services and Industries regarding the postponement of the liberalization's coming in force, the Energy Ministry had several discussions with the Government, Parliament and the European Commission....more »
UniCredit Leasing motorsport debuts in the Romanian National Rally Championship
March 30, 2017 15:16
UniCredit Leasing, the leading player in the leasing market in Romania,, announces its entry into motorsport by supporting UniCredit Leasing Rally team, consisting of Adrian Teslovan (pilot) Cseh Vajk Imre (copilot) and Mihai Leu (Technical...more »
Nearly 2 billion euros to be made available for 2017 farm investment
March 21, 2017 15:13
All the measures related to the conduct of farm investment in 2017 included in the 2014-2020 National Rural Development Programme will be released starting this month, with the related financial allocations standing at nearly two billion euros, according to the Ministry of Agriculture and Rural Development (MADR) released on Monday. Several proposals to amend selection criteria related to agricultural sub-measures were unveiled last week at the first meeting of the Monitoring Committee of the 2014-2020 National Rural Development Programme, related to year 2017, presided over by senior official Alexandru Potor....more »
Romania's unemployment rate in January stands at 4.80 percent
March 21, 2017 15:12
The unemployment rate recorded in the National Employment Agency (ANOFM) records was 4.80 percent in January 2017, higher by 0.03 percentage points compared to the one of the previous month and lower by 0.01 percentage points compared to the one ...more »
Industry turnover up 9.1 pct in January 2017, compared to January 2016
March 14, 2017 11:17
The industry turnover increased by 9.1 pct, in nominal terms, in January as compared to the same month of the previous year, but decreased by 5.6 pct compared with December 2016, reads a press release of the National Statistics Institute (INS) and quoted by Agepress. "The industry turnover fell by 5.6 pct in January 2017 compared to the previous month, following the drops in the manufacturing industry (-5.7 pct) and the mining industry (-3.3 pct). The following decreases were recorded in the large industrial groups: the consumer goods industry (-16.0 pct), the energy industry (-14.1 pct), the intermediary goods industry (-3.5 pct) and the durable goods industry (-1.6 pct). The capital goods industry has grown by 1.1 pct, reads the document....more »
Romanians build 52,206 housing units in 2016, up by more than 5,200 units from 2015
March 09, 2017 14:55
Romanians in 2016 built 52,206 housing units, up 5,222 from 2015, most of which were recorded in the North-West development region, according to data released by the National Statistics Institute (INS). Compared with 2015, the highest percentage of the new housing units in 2016 was recorded in the urban areas (53.4 percent) while new such units in the countryside declined 46.6 percent. ...more »
Net investment in national economy, down 3.3 pct in 2016
March 09, 2017 14:53
Net investment carried out last year in Romania's national economy stood at 70.281 billion lei, declining 3.3 percent from 2015, according to data released on Wednesday by the National Institute of Statistics (INS).  In Q4 2016, net investment in the national economy totalled 23.804 billion lei, by 14.9 percent lower than in the same quarter of 2015....more »
Internet penetration rate in Romania is 89 percent
March 08, 2017 14:54
The internet service penetration rate in Romania stands at 89 percent and connectivity around 60 percent, the National Authority for Administration and Regulation in Communications - ANCOM President Catalin Marinescu told a specialist conference oquoted by Agerpress....more »
Govnet Next Events