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Romania Plans To Build 600MW Energy Group Jointly With Chinese Firm And CE Oltenia
Energy

Romania Plans To Build 600MW Energy Group Jointly With Chinese Firm And CE Oltenia

The Romanian Government plans to build an energy group of 600 MW at state-owned thermal power producer Rovinari, within energy holding Complexul Energetic Oltenia (CE Oltenia), a project wor...

Ecaterina Craciun · 02.09.2015 · 19:07 · 1 min
Macroeconomics

Government Investments At Ten-Year Low

The Ponta Government announced a record budget surplus of 1% of the gross domestic product, 7 billion lei (EUR1.6 billion) in January-July, some of which it will use for wage raises, while c...

Loredana Frățilă-Cristescu · 28.08.2015 · 00:00 · 2 min
Government Assigned RON300M For County Roads Infrastructure
Companies

Government Assigned RON300M For County Roads Infrastructure

The Romanian Government assigned Wednesday 300 million lei for financing county and communal road works, the decision taking into account the length of the roads and the financial capability...

Manuela Panescu · 20.08.2015 · 16:00 · 1 min
Social/Politics

Government Approves This Year's First Budget Revision

Romania's government approved this year's first budget revision Tuesday, as proposed by the Finance Ministry.

Oana Gavrila · 28.07.2015 · 18:20 · 1 min
Energy

Romania Wants To Sell 26.69% In Rompetrol Rafinare For At Least $200M

Romania's government on Tuesday approved the privatization strategy for Rompetrol Rafinare (RRC.RO) and will not accept less than $200 million for a 26.69% stake in the oil refinery.

Oana Gavrila · 28.07.2015 · 16:46 · 1 min
Social/Politics

Romania To Raise Wages Of Top Officials

Romania's government adopted an ordinance Wednesday raising the monthly wages of the country's top officials, including the head of state, heads of Parliament and Cabinet ministers.

Oana Gavrila · 08.07.2015 · 14:05 · 1 min
Social/Politics

Ponta Returns As Head Of Cabinet Thursday

Victor Ponta, who returned from medical leave in Turkey Wednesday, informed the head of state he will resume his attributions as prime minister starting Thursday.

Oana Gavrila · 08.07.2015 · 12:07 · 1 min
Romania Sets Up Intervention Funds For Banking Sector And Investment Firms
Banks-Insurance

Romania Sets Up Intervention Funds For Banking Sector And Investment Firms

The Romanian Government has approved the setting up of a bank resolution fund, based on the model of the bank restructuring fund, with contributions from the financial sector, whose resource...

Ecaterina Craciun · 01.07.2015 · 16:50 · 1 min
Macroeconomics

Government Hikes Lending Threshold For EU Funds By RON1B

The Romanian Government increased the threshold for net lending to cover the payment requests within the European Union financed projects by 1 billion lei, to a total RON5 billion.

Manuela Panescu · 01.07.2015 · 15:41 · 1 min