Social/Politics
Government Assigns Over EUR30M This Year To Shut Down Unproductive Coal Mines
The Romanian government will assign state aid of RON143.4 million (EUR32.3 million) this year for the shutdown of noncompetitive coal mines.
Natural Gas Price For Household Consumers May Increase By 7% In April Or July
The price of local natural gas for household consumers might increase by 7% this year, on April 1 or July 1, depending on government’s decision to annul or not the decision by which it suspe...
State-Run Companies’ Debts Account For Almost Half Of Their Revenue
The debts of state-run companies account for almost half of their revenue and most of the money is owed to the state budget.
Transelectrica Net Profit Rose 85% In 2014
Romanian state-owned power grid operator Transelectrica (TEL.RO) reported an 85% higher net profit for 2014, following a significant rise in revenue, the company’s preliminary financial repo...
Romania FDI Down To EUR2.4B In 2014
Romanian foreign direct investment, or FDI, stood at EUR2.43 billion in 2014, down from EUR2.7 billion in the previous year, data from the central bank showed Friday.
BNR: Romania Current Account Deficit Narrows To EUR696M In 2014
Romania's current account balance posted a deficit of 696 million euros in 2014, compared with EUR1.17 billion a year earlier, mainly due to a wider services surplus and a narrower primary i...
Former Social Democrat Minister Miron Mitrea Sentenced To Two Years In Prison
Former social democrat minister Miron Mitrea was sentenced to two years in prison for bribe taking and Irina Jianu was sentenced to five months in prison for bribing an official. The ruling...
Romania’s Construction Output Fell 6.7% in 2014, On Infrastructure Works Decline
Last year was another forgettable year for Romania’s construction industry, which cannot yet overcome the crisis.
Romania’s Economy Grows 2.9% In 2014
Romania’s gross domestic product grew by 2.9% in real terms last year compared with 2013, a flash estimate from the statistics institute INS showed Friday.