Social/Politics
Surprise Q3 GDP Growth Takes Romania's Economic Growth Close To 3%
Economic growth was close to 3% nine months into the year compared with the same period of 2013, following the surprising increase in the gross domestic product in the third quarter largely...
Romania Jobless Rate Slightly Up To 5.13% In October
Romania's unemployment rate inched slightly up to 5.13% in October, from 5.11% a month earlier, data from the country’s employment agency ANOFM showed Friday.
Romania No Longer Sells Majority Stake In Defense Companies
The Romanian government will no longer sell its majority stakes in companies operating in the defense industry, keeping minimum 50% at their privatization, and will focus on strategic invest...
Romanian Top Court Validates Presidential Election Results
Romania's Constitutional Court on Friday adopted decisions to validate the results of the presidential election pf November 16 and the election of Klaus Iohannis as the country's president.
Largest State-Run Energy Companies Sit On RON7.7B Cash Reserves
The five largest state-run listed energy companies have 7.7 billion lei (EUR1.7 billion) cash in their accounts, more than one third of their market value.
Fiscal Council: Romania Government Needs To Find Additional Resources For 2015
Romania’s government needs to show the International Monetary Fund the resources to cover a budget revenue gap of 15 to 17 billion lei (3.4-3.8 billion euros) next year, according to Ionut D...
European Commission Grants EUR260M For Highway Construction In Romania
European Commission will grant EUR260 million extra funds for highway construction in Romania via the Cohesion Fund, reaching a total EUR439 million.
IMF Team To Arrive In Romania Early December For 2015 Budget Talks
A joint delegation of the International Monetary Fund and the European Commission will visit Romania at the start of December to discuss with the local authorities the draft of the country’s...
Romania Posts Sharpest Decline In 3Q Construction Output In EU
Romanian construction output fell 11.3% on the year in the third quarter, the sharpest decline in the European Union, compared with a 0.4% drop in the EU28, according to the EU's statistics...