Social/Politics
Romania Loses Arbitration Case Against CEZ In Paris
Romania has lost the arbitration case in which it sought payment of 85 million euros from Czech energy group CEZ for alleged failure to meet obligations in the Electrica Oltenia privatizatio...
Transgaz Investigated By Energy Community Over EU Rules Breaking
Energy Community has asked Romanian state-owned natural gas transport company Transgaz (TGN.RO) about its non-compliance with EU transparency requirements, adding that a further investigatio...
Romania's Power Output Increased In First Two Months
Romanian electricity output rose 3.2% on the year to 11.38 billion kilowatt-hours in the first two months of 2015, fueled by higher production in the hydropower sector, official data showed...
INS: Romania’s Industrial Production Rises In February
Romania’s industrial production went up in February compared with the same period of 2014, although it stagnated against the previous month, data released by the country’s statistics institu...
Romania Trade Deficit Narrows To EUR563.3M In First Two Months
Romania’s exports rose more quickly than imports in the first two months of the year and the country’s trade deficit slightly narrowed to 563.3 million euros, the statistics office said Thur...
VAT Cut To Leave Consumers With RON5B Disposable Income If Retailers Cut Prices, Too
In a surprise move, the Romanian government announced a value added tax cut to 9% from 24% as of June 1 not only for staple foods, but also for all agri-food products, non-alcoholic beverage...
Romania To Cut VAT For Food Products In June
Romania will cut starting June the value added tax rate for all food products, including non-alcoholic drinks and restaurant services, prime minister Victor Ponta said Tuesday.
INS Revises Slightly Down Romania’s 2014 GDP Growth to 2.8%
Romania’s statistics institute revised slightly down the economic growth estimate for 2014, despite envisioning a higher increase in the fourth quarter.
Romania's Industrial Sectors Gets Fewer Orders In February
Romania’s industrial sector received fewer orders in February, another sign of slowdown in one of the main engines of last year’s economic growth, data released by the country’s statistics i...