Social/Politics
Fondul Proprietatea Sets Against Energy Ministry In Nuclearelectrica's Capital Hike Issue
Romanian Energy Ministry, majority stockholder with Romanian nuclear power company Nuclearelectrica (SNN.RO), will be subpoenaed in October, next to the energy producer, in a trial against F...
Foreign Investment In Romania Up To EUR1.16B In First 4 Months
Romanian foreign direct investment, or FDI, rose to 1.16 billion euros in January to April, from EUR785 million in the same period of 2014, data from the central bank showed Monday.
Romania Current Account Slips To EUR27M Deficit In Jan-Apr
Romania's current account balance posted deficit of 27 million euros after the first four months, compared with EUR326 million in the same period of 2014, central bank data showed Monday.
Borza: Hidroelectrica Must Sell 15% For EUR500M Or IPO Is Off
The Romanian government should sell the 15% stake in state-owned power producer Hidroelectrica for EUR500 million, or the initial public offering on the Bucharest Bourse is canceled, accordi...
Ponta Cabinet Survives No-Confidence Vote
Romania's Cabinet run by Prime Minister Victor Ponta survived a no-confidence vote in Parliament on Friday, following a motion pushed by opposition Liberal Party.
Romania To Sell 27% Of Rompetrol Rafinare Shares For At Least $200M
Romania’s Energy Ministry will sell 26.69% of Rompetrol Rafinare shares for at least $200 million and the company’s majority shareholder, KMG International, has pre-emption right to buy the...
Romania Exports EUR35M Copper Ore, But Imports EUR570M Copper
Romania exported 47.000 tons of copper ore in 2014, worth EUR35 million, while imports of copper increased 17%, to EUR530 million, as the country lacks processing capacities, according to da...
Romanian Transport Minister Steps Down
Ioan Rus has resigned from the position of minister of transport following offensive comments targeting Romanians abroad, Prime Minister Victor Ponta said Thursday.
World Bank Lifts Romania's 2015 Growth Forecast To 3%
The World Bank slightly upgraded Romania’s economic growth forecast to 3% in 2015, from 2.9% seen previously, according to the latest World Economic Prospects report released Thursday.