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ETUI: Employees’ remuneration in GDP in Romania, among the lowest in Europe


The employees’ salaries value in GDP in Romanian is one of the smallest in Europe, according to a survey conducted by the European Trade Union Institute (ETUI), analyzing the wage developments in Central and Eastern Europe in the last twenty ...

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European commissioner Corina Cretu: Romania to lose EUR 1 bln on transport

corina cretu

While attending a conference in Romania on Monday, the European commissioner for regional policy, Corin Cretu, has stated that Romania would lose EUR 1 billion on transport for the period 2007-2013, a sum that could be used to build about ...

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Turkish Yildiz Entegre to open new plant in Romania

Yildiz Entegre

Turkey-based Yildiz Entegre, one of the leading global wood-based panel producers, will open a new wood processing plant in Romania this Thursday, in Arges County, on a land of approximately 46 hectares. The investment, for which it worked for one ...

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Lambru, Supervisory Board: Hidroelectrica’s long-awaited IPO will not carry out this year


Energy Ministry is preparing a government decision to change Hidroelectrica’s stock listing procedure, so that the money to remain at the state budget, Andreea Lambru, Chairman of the Supervisory Board of the energy producer announced in a press conference. In ...

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EY: 50 pc of Romanians would change their bank for a better experience

banking experience

Globally, 32 percent of consumers believe that the financial products and services are similar to each other, no matter who their supplier is. In Romania, 40 percent of respondents confirm this, according to EY Global Consumer Banking Survey. Moreover, 50 ...

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UPDATE Smokers to pay more for a cigarette pack as of June 1


June will bring higher prices for cigarettes after the Ministry of Finance decided to increase the excise duty on tobacco by 1 percent, capital.ro informs. Also, the officials of the institution negotiated with the big players in the tobacco industry ...

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Romanian tycoon Frank Timis, dispute with France’s Total over the offshore Senegal resources

frank timis

The oil firm founded by Romanian-Australian businessman Frank Timis, African Petroleum, claims that it still holds 90 percent in a block offshore Senegal, for which French oil giantTotal SA said it bought last week, capital.ro informs, quoting . “Under the ...

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