Tudorel Toader lost the support of the ruling Social Democratic Party over his reluctance to issue emergency decrees on controversial amendments to Romania’s justice laws.
Central and Eastern European (CEE) countries high-tech exports are booming, according to a study recently conducted by RS Components, based on an analysis of 10 years of high-tech export data from The World Bank.
At the latest 16+1 summit Chinese Premier Li Keqiang stressed the importance of reciprocal opening-up of the market, and says China will make further efforts to facilitate trade.
Romania remains one of the countries with the lowest labour costs in the EU despite posting the highest rise in labour costs across the bloc for two years running.
The primary driver was the shrinking workforce in low-earning light industry sectors like textiles, while automakers also cut employment at the same time as raising output.
The funds will be used for development and technical modernisation of the plant that has a strong export potential, as well as to finance its operating needs.
The average net wage in Romania rose by 17.9% y/y to RON 2,933, or EUR 618 at the average exchange rate in February, the statistics office (INS) informed on April 8. But no more wage hikes are planned and growth will slow this year
Police are still searching the seashore for more drug caches after hundreds of kilos of cocaine were found washed ashore or floating in the sea.
Opportunity knocked at start of 2019 after US Fed indicated it was retreating from tightening. That switched bond investors to risk-on and yield-hungry, attracting many to Emerging Europe markets.
Kovesi — a persistent thorn in the side of Romania’s ruling coalition until her removal from the post last year — was placed under judicial control shortly after she was selected as a candidate for the European chief public prosecutor position.
This was the country’s largest combined issue ever, reflecting the government’s need to find financing resources outside the local market where the borrowing cost is rising.
Once robust expansion is set to slow in coming years, says wiiw report, with the weakest growth in Russia, Turkey and Belarus, while small Southeast European frontier markets are still going strong.
Baltic States and Slovenia close to OECD comparators on knowledge economy index, while frontier markets like Belarus, Georgia and Serbia make strong progress.
While EU member states in Central and Southeast Europe are concerned about the economic impact of Brexit, there is a growing feeling that the UK needs to stop prolonging the uncertainty and carry through its decision to leave.