decrease

Romania’s Child-Rearing Benefit To Return To Fixed Rate – Sources

Romania’s child-rearing benefit, currently set at 85% of the parent’s average income for the previous year, might return to a fixed rate, said sources who took part in talks with President Traian Basescu Monday.

Romanian President Announces Pensions To Decrease By 15%, Public Sector Wage Fund By 25%

Romanian President Traian Basescu said Thursday, after talks with International Monetary Fund officials, pensions will decrease by 15% and salary funds in the public sector by 25%, which will also impact the minimum wage, adding subsidies will be drastically reduced.

Only Military Pensions Exceeding RON3,000 To Decrease Following Recalculation – Labor Min

Romanian Labor Minister Mihai Seitan said Wednesday that calculation scenarios showed that a considerable part of military staff pensions will not decrease, adding only military staff pensions exceeding 3,000 lei (EUR1=RON4.908) might be affected, but the reduction will not be of 69%.

Romania’s Luxury Goods Market Dn Up To 35% In ’09, To EUR350M – Research

Romania’s luxury goods market was down by 30%-35% in 2009, to EUR350 million due to the economic crisis, consultancy firm CPP Management Consultants general manager Oliver Petcu said Tuesday.

Romanian Gas Prices May Be Cut In Autumn – Econ Min Official

Natural gas prices for Romanian consumers might be cut again in autumn, but such a decision should be carefully analyzed, state secretary with the Economy Ministry, Tudor Serban, stated Thursday.

Bucharest’s Old Apartment Prices Down An Average 15% M-M In March- Colliers

Prices of old apartments in Romania’s capital city Bucharest lowered an average 15% on the month in March, while prices of new apartments remained unchanged, according to a survey conducted by real estate consultancy firm Colliers International.

Romania Drugstore Prices To See Average 10% Decrease As Of April 1

Romanian drugstore prices for imported medicine will see an average 10% decrease as of April 1, of which, infertility treatment medicine saw the most significant price decrease of nearly 700 lei (EUR1=RON4.2329), while prices for medicine made in Romania will see an average RON1 hike per product.

Bucharest Apartment Prices Saw First Decrease In Feb ‘08

Apartment prices in Romania’s capital city Bucharest have increased three times since January 1, 2005, but lowered this year in February, for the first time, according to the real estate index computed by global real estate services company Colliers International.