Social/Politics
Romania’s Inflation At 0.4% in January
Romanian consumer prices rose 0.4% in January from a month earlier, mainly due to higher food and service prices, but the annual inflation fell to 0.4%, the country’s statistics institute IN...
Romania’s Industrial Production Up 6.1% in 2014
Romanian industrial output rose 6.1% in 2014 compared with the previous year, mainly due to increased manufacturing production, data from the statistics institute INS showed Thursday.
Romania, Bulgaria, Hungary And Greece Seek Natural Gas Interconnection
Bulgaria, Romania, Hungary and Greece plan to promote at the level of the EU a project to interconnect their natural gas networks into the Aegean Baltic Corridor and plan to require European...
Economy Ministry Mulls "Real And Quick" Capitalization Of Defense Companies
The Romanian Economy Ministry wants a "real and quick" capitalization of companies in the defense industry, after last year it decided to write off tax debts worth RON1.1 billion (EUR247.915...
Romania's Energy Production Up 0.7% In 2014; Exports Tripled
Romanian energy output rose 0.7% to 21.92 million tons of oil equivalent in 2014, fueling a rise in exports as local consumption went down, official data showed Wednesday.
Labormed Wants Drugs Cheaper Than RON10 Off Reimbursed List Over Clawback Tax
Generics producer Labormed, part of Alvogen, is reassessing its medicines portfolio until March to remove products cheaper than RON10 from the reimbursed medicines list, as its sales rose 2%...
Romania Won’t Sell Bonds On Foreign Markets In 1H, FinMin Says
Romania will not tap international financing markets in the first half of the year, as previously announced, Finance Minister Darius Valcov told reporters Monday, adding the country might re...
Former Posta Romana Managers Sentenced To Ten Years And A Half In Prison
Mihai Toader, a former general manager of state owned postal operator Posta Romana, has been sentenced to ten years and six months in prison for abuse of office, alongside other former compa...
Romania PM Announces Failure In Negotiations With IMF, EU, But Stand-By Loan Stands
Romania’s government failed to agree with the International Monetary Fund and the European Commission on several energy issues, Prime Minister Victor Ponta said Monday after talks with inter...