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GOVERNMENT

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Banks-Insurance

PM Summoned Inter-Ministry Committee For Talks On Improving EU Fund Absorption

Romanian Prime Minister Mihai Razvan Ungureanu on Thursday summoned the inter-ministry committee to analyze the legal and administrative measures that must be taken to improve the country’s...

Ioana Tudor · 16.02.2012 · 19:23 · 1 min
Social/Politics

Opposition Challenges Constitutionality Of New Cabinet's Instatement

Romania's opposition Social Democratic Party and Liberal Party on Thursday filed a notice with the Constitutional Court, arguing that the Ungureanu Cabinet has been endorsed by the Parliamen...

Radu Bostan · 16.02.2012 · 16:08 · 1 min
ANRE Says Electricity Exports Limited During Peak Consumption Hours
Energy

ANRE Says Electricity Exports Limited During Peak Consumption Hours

Romanian energy regulator ANRE president Iulius Plaveti said Wednesday electricity exports are limited during peak consumption hours, and added that households and industrial consumers will...

Ioana Tudor · 15.02.2012 · 15:22 · 1 min
Moody's: Romania's New Cabinet Unlikely To Deviate From IMF Reforms
Macroeconomics

Moody's: Romania's New Cabinet Unlikely To Deviate From IMF Reforms

Romania’s newly formed government is likely to continue the country’s economic and fiscal program under a EUR5 billion loan from the International Monetary Fund and the EU, a report from Moo...

Florentina Dragu · 14.02.2012 · 14:39 · 1 min
Social/Politics

Romania To Fund Investments Yielding Immediate Benefits

State budget funds will be prioritized and directed toward investment projects that can be carried through and bring immediate benefits, while the remaining funds will be earmarked for progr...

Ecaterina Craciun · 14.02.2012 · 13:43 · 1 min
Social/Politics

Government Allots Aid For Victims Of Bad Weather

The Romanian Government decided Tuesday to allot aid consisting of food, water and diesel fuel to several counties affected by bad weather.

Ioana Tudor · 14.02.2012 · 12:27 · 1 min
Basescu Says Households Won’t Be Left Without Electricity
Energy

Basescu Says Households Won’t Be Left Without Electricity

Romanian President Traian Basescu on Monday said households will not see any interruptions in the electricity supply, adding that the government might decide to cease energy exports.

Ioana Tudor · 13.02.2012 · 17:13 · 1 min
Macroeconomics

Fitch: November Elections Remain Focus for Romania

Recent political developments in Romania should not deflect the country from its agreed path with the International Monetary Fund and the European Union, Fitch Ratings said Friday in a repor...

Bogdan Neagu · 10.02.2012 · 17:33 · 1 min
IMF Urges Romania To Adopt New Circulation Schedules For Metrorex In Line With "Market Demand"
Automotive

IMF Urges Romania To Adopt New Circulation Schedules For Metrorex In Line With "Market Demand"

Bucharest subway operator Metrorex will adopt new circulation schedules to bring transport capacity in line with market demand, by the end of June 2012, as per the agreement between the Roma...

Ecaterina Craciun · 09.02.2012 · 16:23 · 1 min