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Social security contributions down 2%
As they found out from the Official Gazette, employers will pay smaller social security contributions as of next month, after the law stipulating a two percent reduction in labour force taxa...
Consumer lending to slow down
The slowdown of the consumer lending growth that became more visible from October onwards will continue this year, due to a moderate increase in revenues, with annual growth standing at some...
Renault up now, down next year
Renault Nissan Romania, the second largest car importer on the local market, has doubled its sales this year due to the boom seen by funding systems. The company will exceed the 300 million-...
Number of employees still going down
The economy lost another 17,000 employees in October, with a total of 40,000 people laid off from July through September. Industry has been hit hardest by layoffs, while the construction and...
Consumer credit slows down
Consumer credit slowed down in October, after foreign currency lending, the main growth engine, was tempered by the enforcement of the NBR''s norms. Consumer lending in foreign currency went...
Current account deficit slows down
The current account deficit increased by 739 million euros in September, to nearly 4bn euros for the first nine months, provisional data from the National Bank of Romania reveal. The growth...
Romlux turnover down 38%
Light bulb manufacturer Romlux Targoviste achieved turnover of 8.2 million RON (2.26 million euros), down 38% from the corresponding period of last year. The net income of the company fell t...
Banks are coming down with "get now, pay later" bug in pre-holiday season
The bug of the campaigns carried out by the major retail chains to promote consumption on credit, with delayed repayment of instalments, has spread to banks. One month before the peak of the...
Automotive market growth to slow down following EU accession
Automotive market growth to slow down following EU accession