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Imagini pentru salariul mediu

By rbj

The national average gross wage grew by 8.4 pct in December 2016 against the previous month to 3,257 lei (rd EUR 724), while the national average net wage reached 2,354 lei (EUR 523), also 8.4 pct higher; the best earnings were collected by the workers in the manufacturing of coke and crude oil products, while the workers in the hotels and restaurants industry were at the opposite end with the smallest earnings, shows data released on Thursday by the National Institute of Statistics (INS).

Category: | | 09 February 2017 |

By rbj

The state budget for 2017 is ambitious regarding the revenues and optimistic regarding the expenses, taking into account how these were executed in the previous years, Governor of the National Bank of Romania (BNR) Mugur Isarescu stated on Tuesday.

"I have analyzed the budget draft. In prices and financial stability point of view, a budget with a deficit lower than 3 percent is helpful. It helps the monetary policy. I haven't forgotten about the budget construction and I

Category: | | 07 February 2017 |

By rbj

The unemployment rate in Romania stood at 5.5 percent in December, down 0.2 percentage points from the previous month, and most unemployed were registered among men, according to the National Institute of Statistics (INS) data released on Tuesday.

According to the INS, in last month of 2016 the unemployed number (aged 15-74) stood at 507,000 persons, down 17.69 percent from the same period of the previous year, when there were 616,000 unemployed persons.

Category: | | 31 January 2017 |

• The value of projects is 800 million * Ttheir implementation started in the 2007-2013 period

By rbj

A total of 10 infrastructure projects started during 2007 - 2013 will be continued in Romania, with a contribution from the European Union (EU) of around 800 million euros, the European Commission Representation in Romania. "p>'These projects represent more than just infrastructure investment: used effectively, can become catalysts for development locally, regionally and nationally. It is therefore even more important that EU funds are used strategically and in line with the investment priorities of Romania ", said European Commissioner for Regional Policy, Corina Cretu.

Category: | | 27 January 2017 |

• CE Oltenia claims its vital role in balancing the national energy system

By Edwig Ban

The coal based energy producers ensure a balanced national energy system and the large load fluctuations cause them significant loses, recalls CE Oltenia, in a press release. The message was posted on the company’s website, two days after an associations of wind project developement companies asked the authorities to unblock the investments in the wind sector. Financial losses from load variations

“It is obvious for anyone that the random operation of the renewable energies, which have priority in dispatching, endanger the safety of the entire national energy system, while the compulsory measure for the coal producers to ensure the equilibrium, comes with substantial increases in costs, caused by the frequent stops/starts and equipments faults, which increases the production costs per MWh and lower the market share of the coal based energy,” said the company representatives

Category: | | 23 January 2017 |

By Emea Riga

Romania’s gross domestic product is forecast to grow at a 3.7% pace this year after a 4.7% estimated growth rate last year, according to the World Bank January 2017 Global Economic Prospects report. For 2016, the international financial institution forecasts a 4.7 pct economic growth for Romania, on the rise by 0.7 percentage points comparing with last year’s June estimates. In exchange, the estimates for the future years remain unchanged.

Moreover, the World Bank noticed the fact that the significant economic advance of 2016 was

Category: | | 23 January 2017 |

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The Romanian Business Journal
Constantin Radut
Editor in Chief
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