The Contribution of the Oil & Gas Industry to the Romanian Economy

The purpose of this analysis has been to quantify the impact of the oil & gas industry on the Romanian economy, in terms of its contribution to GDP, employment, investments and taxes paid. Given the “technology neutrality” option Romania has in meeting the 2030 climate targets, the results of the study could subsequently be used to aid policy design in the domestic oil and gas sector over the next decade. The results show that, despite the gradual decreasing importance of the oil & gas industry in the economy, the sector still remains an important contributor to Romania’s GDP growth. Oil […]

A Technical Note on the Increase of Minimum Wages in Romania (English, Română)

Since 2012, an aggressive minimum wage (MW) policy has pushed up the level of MW from the equivalent of EUR 160 to EUR 410 in 2018. Current plans envisage further increases, to the equivalent of EUR 450 and EUR 500 respectively, for the holders of a university degree, starting December 2018. And MW could reach EUR 520 and EUR 580 for the holders of a university degree by October 2020. So far, MW rose at an annual rate of 21% over a 6-year time-span.