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Tag Archives: wage increases

Railway employees eye 50% wage increase, protests ahead

The railway employees want wage increases by 50% and announce protest rally on April 4, a release from the Meridian National Trade Union Confederation reads. The Steering Committee of the Federation of Railway Transport Unions Federation in Romania (FSTFR) met ...

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World Bank revises downwards growth forecast for Romania to 3.5% in 2019

Romanian economy will grow by 3.5% in 2019 and by 3.1% in 2020, by 0.1% less than in the forecast issued in June 2018, the ‘Global Economic Prospects’ report  released on Wednesday by the World Bank. The WB expects Bucharest ...

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Six localities in Romania – insolvent

Six localities in Romania are insolvent and the Ministry of Finance has not allocated any money to help them out of this situation, PNL Deputy Romeo Nicoara says in a request sent to the Finance Minister, Eugen Teodorovici. All these ...

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S&P confirms Romania at BBB-/A-3, stable outlook; ‘Political volatility overshadows the economic boom’

The financial evaluation company Standard & Poor’s (S&P) maintains Romania’s rating at BBB-/A-3, with a stable outlook, due to country’s moderate external and government debt, amid strong growth prospects. ”However, we estimate Romania’s GDP per capita at just over USD 10,000 ...

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Civil servants to sue Gov’t on wage law and the transfer of social security contributions

The civil servants with the public administration will sue the Government, the National Civil Servants’ Trade Union (SNFP) leader, Sebastian Oprescu, has said on Tuesday, for reasons related to the wage law and the social security contributions’ transfer. “We will ...

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EC: Romania’s GDP growth to decelerate to 4.5 pc in 2018, 4 pc in 2019

European Commission (EC) forecasts in its Winter 2018 Economic report that Romania’s GDP will decelerate to 4.5 percent in 2018 and 4.0 percent in 2019. The growth of private consumption is expected to be more tempered in 2018, as inflation ...

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Moody’s changes Alba Iulia’s outlook to stable from positive

Moody’s has changed the outlook on the municipality of Alba Iulia to stable from positive, affirming the municipality’s Ba1 long-term issuer ratings, a press release informs. The change of the outlook to stable from positive reflects Alba Iulia’s plan to ...

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Finance Ministry to issue Eurobonds worth EUR 8bn during 2018-2019

The Finance Ministry envisages to issue Eurobonds worth about EUR 8 billion during 2018-2019 within the context of implementing the yearly plan to finance the budget deficit and to refinance the public debt, a Government Decicion published by the Finances ...

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