Govnet

Labor Minister: Romana has a large workforce deficit and many socially assisted families

Romania has a large labor force deficit, mainly in construction, IT, agriculture and healthcare, declared labor Minister Lia Olguta Vasilescu.

"The largest labor shortage that Romania currently has is in construction, IT, agriculture and healthcare. The most problematic sectors are construction and agriculture, as the majority of people who left the country are working in these areas in the EU pointed out the minister. "Construction and agriculture are the most problematic, but the majority of people who left the country are working in these areas in the EU"

General

FAN Courier launches eBOX online delivery option

FAN Courier, the leader of the local courier market, launches this month eBOX, the online delivery option that allows customers to take full control of deliveries and pick them from lockers with 24/7 access. The new service, implemented as a pilot project in Bucharest, is an alternative to the classic courier service, intended for people who can not or will not wait for the courier to the address.

General

Romania's fiscal revolution stirs discontent

“The much discussed and debated ordinance that contains amendments to the Tax Code included in the governance program, meaning long time known changes approved by Parliament, brings important benefits to citizens and companies that operate in Romania" says Finance Minister Ionut Misa, but it seems that not everyone agrees to the proposed measures.

General

European Commission: Romania had the highest EU budget deficit in the second quarter

The European Commission estimates that Romania ended the second quarter of 2017 with a 4.1% deficit, the highest in the European Union, according to data adjusted with seasonal variations, published by Eurostat.

General

Salaries in the Romanian private sector have grown by 5% on average in the first nine months

Salaries in the Romanian private sector rose 5% on average, and bonuses offered by employers rose 12% between January and September 2017, compared to the same period in 2016, according to the Smartree Workforce Index.

General

Huge transaction in the packaging industry: EcoPack and EcoPaper will be bought by DS Smith, with EUR 245 million

British company DS Smith, a maker of corrugated packaging, recycled paper and plastic packaging, will acquire family-owned Romanian packaging and paper makers EcoPack and EcoPaper for 208 million euros.

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General

Three Romanian companies among the fastest-growing technology companies in Central Europe

Three Romanian companies made it to the Central European Deloitte Technology Fast 50 ranking and one received a special award for the Most Disruptive Innovation. The speed of growth among Central Europe’s technology companies continues to accelerate, with average growth between 2013 and 2016 hitting a new record of 1,127%.

General

IMF has improved its estimates for Romania's economic growth in 2017 and 2018

The International Monetary Fund (IMF) has revised its growth estimates for the Romanian economy this year, from 4.2% to 5.5%, according to the latest World Economic Outlook, published by the international financial institution. The IMF has also improved its forecast for the growth rate of Romania's economy in 2018 to 4.4%, compared to the 3.4% forecast projected in April.