Social/Politics
Romania To Approve 25% Wage Raises For Medical Staff Next Week
Romania's Cabinet will adopt an emergency ordinance next week raising wages in the healthcare sector by 25% starting October 1, Prime Minister Victor Ponta said Tuesday.
Transelectrica Sees Net Profit Fall 7% In First Half
Romanian power grid operator Transelectrica (TEL.RO) reported a net profit of 210.4 million lei (EUR47.4 million) for the first half, 7% lower on the year, despite increase in operating reve...
Electrica 1H Net Profit Rises 30%
Romanian electricity distribution and supply company Electrica (EL.RO) Friday said its net profit for the first half rose nearly 30% on the year on higher operating revenue and improved cost...
Romgaz 2Q Net Profit Down 22% On Low Gas Demand
Romania’s largest natural gas producer Romgaz (SNG.RO) Friday reported a 22.5% drop in its second-quarter net profit due to a decline in domestic gas demand.
Romania Economic Growth Slows Down In Second Quarter
Romania’s economic growth slowed down in the second quarter, with a first reading of the gross domestic product data coming much lower than analyst expectations.
Oltchim Posts RON9M Loss From Current Operations In 1H, But Huge Profit After Annulment Of Debts
Romanian state-run chemical plant Oltchim registered a net profit of RON2.31 billion (EUR518 million) in the first half of 2015, after the annulment of debts worth RON2.35 billion based on i...
Romania Current Account Posts EUR285M Deficit In First Six Months
Romania's current account balance posted deficit of 285 million euros after the first six months, compared with EUR863 million in the same period of 2014, central bank data showed Thursday.
Foreign Investment In Romania Up To EUR1.66B In First Half
Romanian foreign direct investment, or FDI, rose to 1.66 billion euros in the first six months, from EUR1.19 billion in the same period of 2014, data from the central bank showed Thursday.
Transgaz 1H Net Profit Up 9% To RON321.5M
Romanian natural gas transmission company Transgaz (TGN.RO) Thursday reported a 9% in its net profit for the first half, mostly due to a significant reduction of expenditure.