Andreea Marinescu

The balance of the non-governmental credits granted by credit institutions has increased, in August 2021, by 1 pct over July 2021 (0.8 percent in real terms), up to the level of 309.7 billion RON, according to data published by the National Bank of Romania, published on Thursday.

eJobs Romania is launching Skilld, the first rapid recruitment through artificial intelligence service in the country, in order to answer the labor force deficit on the market and which desires to bring more efficiency to recruitment processes, according to a release sent, on Tuesday, to AGERPRES.

The financial crisis and the pandemic have led to an increase in the public debt from about 15% of GDP in 2008 up to over 47% of GDP at the end of 2020, with a fiscal consolidation with an average annual deficit correction rate of approx. 1.5% of GDP to stabilize the debt at just over 50% of GDP by 2024, says the president of the Fiscal Council, Daniel Daianu.

The increase of the minimum wage must be done in accordance with the business environment, otherwise it will lead to layoffs and everything will turn against the people, Labour Minister Raluca Turcan said on Thursday in a press conference.

The Financial Oversight Authority (ASF) has launched an online instrument that facilitates the process of authorization on the non-banking financial market which is part of the institution's strategy to digitize its activity, announced, on Thursday, the ASF.

County pension offices will hire in the next period 1,000 staff to manually enter into the digital pension system the data from Romania's approximately five million pensioner files, Labor Minister Raluca Turcan announced on Wednesday.

Romanian Business Leaders organization encourages the Romanian Government to take firm action as the Romanian business environment and society as a whole can no longer afford to bear the cost of closing schools and new restrictions affecting the economy, reads a press release of the organization.

The market for temporary labor has recorded an increase of over 19 pct in the first half of the year, most employments on temporary work projects being done on entry-level profiles, according to an analysis conducted by the Association of Human Resource Services Suppliers (AFSRU).

The cereal production has surpassed, until now, 15 million tons, wheat and barley registering record-numbers this year, of 11.4 million tons, 1.9 million tons, respectively, the Minister of Agriculture, Adrian Oros, declared for AGERPRES, adding that "the Ministry and minister have no merit for these large productions".

Wind and solar energy cannot be used at full capacity without a smart electricity transmission and distribution infrastructure, which will lead to low profitability and a higher price for consumers, said Corneliu Bodea, president of the Romanian Energy Center (CRE) and CEO of Adrem, within the "New technologies in energy" project, carried out by AGERPRES.