GOVERNMENT
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Romania To Grant RON163M Aid For Coal Mine Closure Scheme
Romania will disburse extra 163 million lei (EUR36.8 million) for state-run coal mining company Compania Nationala a Huilei (CNH), part of a financing package to be used in a restructuring p...
Romania Seeks ECHR’s Approval To Extend Deadline For Adoption Of Nationalized Property Bill
Romanian Primer Minister Victor Ponta said the Government will ask for the approval of the European Court of Human Rights (ECHR) to extend by three weeks the deadline for the adoption of the...
Economy Ministry To Transfer Control Of Transelectrica, Transgaz To Finance Ministry - Sources
Romania’s Economy Ministry will transfer its control over the shares in state-run power grid operator Transelectrica (TEL.RO) and natural gas transporter Transgaz (TGN.RO) to the Finance Min...
EIB May Lend Up To EUR900M To Romania In 2013
The European Investment Bank (EIB) may lend some 700-900 million euro to Romania this year, more than double from 2012, the bank's president Werner Hoyer said Monday.
Romania Wants New IMF Loan Deal, Asks For Extension Of Current Agreement
Romania’s Government decided Wednesday it will ask the International Monetary Fund to extend by three months the country’s EUR3.6 billion precautionary loan agreement and start discussions f...
Romania May Compensate Former Owners Of Nationalized Property With Points Convertible Into Cash
Former owners of nationalized homes in Romania who can’t get back their homes will receive points with a face value of 1 leu (EUR0.22), considering the value of the building, which they can...
How The Government Has Fared In The Three Months Since Elections
Three months from the victory in the legislative elections on December 9 and ten months after USL effectively took power following the ousting of the former Government through a censure moti...
Government Looks For Investor To Finance CupruMin By At Least EUR50M
The Romanian Government Wednesday authorized the Economy Ministry to look for an investor to partner up with to finance the activity of coal producer CupruMin and which will further contribu...
Romania To Start Collective Layoffs At Several State-Run Energy Companies
Romania’s Government will lay off employees in 15 state-run companies in the energy sector, based on reorganization programs to be applied between 2013 and 2018, according to a draft emergen...