GOVERNMENT
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Romania's New Cabinet Endorsed By Parliament
Romania's new Cabinet, led by social democrat Victor Ponta, on Monday received the Parliament's endorsement.
Chitoiu: Romania To Resume Petrom Stake Sale After Market Analysis
The Romanian government will decide whether to resume the sale of a 10% stake in oil company OMV Petrom (SNP.RO) after conducting a market analysis, economy minister-designate Daniel Chitoiu...
Romania Runs Budget Deficit For Third Straight Month In April
Romania’s consolidated budget posted its third consecutive monthly deficit in April, despite a record growth in revenue, official sources said Friday.
Romania's New Government To Impose Moratorium On Shale Gas Drilling
Romania’s newly named government plans to impose a moratorium on shale gas exploitation until European Union-commissioned studies to assess possible environmental damage of hydraulic fractur...
Parliament To Hear Minister Nominees, Hold Confidence Vote On New Cabinet Monday
The standing offices of Romania’s Chamber of Deputies and Senate decided Friday minister nominees will be heard by parliamentary commissions Monday morning and a confidence vote on the new C...
Romania's New Cabinet Wants To Restore Wages This Year
The Cabinet proposed by Prime Minister-designate Victor Ponta has included plans to restore public wages to pre-austerity levels in its governing program, sent to the Parliament Thursday eve...
Government Change Delays Romania's Privatization Plans
Oltchim Ramnicu Valcea (OLT.RO), the largest chemical plant in Romania, posted losses of 82.8 million lei (around EUR19 million), which means that for every day its privatization is delayed,...
Moody's: Romania’s 2nd Government Collapse In 3 Months Endangers Reforms
Romania’s second government collapse in three months will likely deepen investors concern about policy and reform implementation, making borrowing conditions more challenging for the new gov...
Ponta Sends List Of Ministers, Governing Program To Parliament Tonight
Romania’s Prime Minister-designate Victor Ponta, head of the Social Democratic Party, said he is sending the Parliament the list of proposed Cabinet ministers and his proposed Cabinet’s gove...