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Articles - business environment

Romanian Labor Minister: Minimum wage to reach EUR 270

Romania’s minimum wage will reach RON 1,200 (EUR 270) starting January 2016, said Labor Minister Rovana Plumb.

Average annual business figure of IT&C sector reaches 2.8 billion Euros

The annual business registered in the IT&C sector in Romania has reached an average of 2.8 billion Euros, but specialists in the field say it could reach 10 billion Euros, said Aurel Sorin Encutescu, the secretary of state in the Ministry of Economy, Trade and Tourism (MECT), at the regional summit on cyber security held at Parliament Palace.

ManpowerGroup study : Romania, among the countries where talent-related problems are worst

Romania is among the countries where talent-related problems are worst, according to a ManpowerGroup study of job occupancy rates.

SMEs in Romania create almost half the country’s gross value added only

The small and medium-sized enterprises (SMEs) in Romania produce 44% of the gross value added in the economy.

Romania to see among highest growth in emerging Europe, says EBRD

Romania will register this year one of the highest economic growth in emerging Europe – 3 percent – and 3.2 percent in 2016, amid stronger economic environment in the Eurozone, according to the latest Regional Economic Prospects report released Thursday by the European Bank for Reconstruction and Development (EBRD).

Over half of Romanian entrepreneurs expect friendlier environment in maximum 10 years

Over half of Romanian entrepreneurs believe Romania will offer a business-friendly environment in maximum ten years, according to a recent EY study. Some 34% believe this will happen in 5-10 years while 21% are even more positive and give a time frame of 3-5 years.

French retailer Carrefour reaches ten hypermarkets in Bucharest

French retailer Carrefour will open its 10th hypermarket in Bucharest, in the new Mega Mall shopping center, on May 14. With this opening, the company reaches 28 hypermarkets in Romania.

Romania’s economy grows by 4.2% in the first quarter

Romania’s gross domestic product (GDP) increased by 4.2% in the first quarter of 2015 compared to the same quarter of last year, according to data released by the National Statistics Institute (INS) on Wednesday, May 13.

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