Social/Politics
Romania’s Construction Output Extends Decline In July
The recession in Romania’s constructions sector continued in July as public investments are mostly lacking and private investments are unable to offset the deficit in mojaro infrastructure w...
IMF To Review Romania Loan In Brussels Next Week
Representatives of the Romanian government and central bank will go next week to Brussels for the next review of the loan agreement with the International Monetary Fund, marking the first ti...
Romania Industrial Output Inches Down In July
Romanian adjusted industrial production inched down 0.1% in July compared with a month earlier, on lower output in the manufacturing sector, the country’s statistics institute INS said Thurs...
Romanian SME Minister Proposes Law For “Business Angels”
Romania’s minister for SMEs, Florin Jianu, a former businessman, wants to find other funding sources for the development of small and medium-sized businesses beside EU funds and the state bu...
Court Orders BCR To Pay EUR4.5M To Former Bancorex President
The Bucharest Court has ruled lender Banca Comerciala Romana (BCR) must pay former Bancorex president Razvan Temesan over EUR4.5 million to compensate for his salary since he was fired.
Ponta Expects Romania’s Exports To Reach EUR50B This Year, Close To 2013 Level
Romania’s exports are expected to reach EUR50 billion by the end of 2014, although in the past this was considered unachievable, "not even in 100 years”, Prime Minister Victor Ponta said Wed...
Government Launches State Aid Scheme To Benefit 150 Companies By 2020
The Romanian government will launch a state aid scheme for businesses, valid until 2020, with a total budget of RON2.7 billion (EUR600 million) to finance tangible and intangible asset costs...
Romania's Corina Cretu Designated EU Commissioner For Regional Policy
Romanian social democrat MEP Corin Cretu has been designated EU Commissioner for Regional Policy in the new European Commission led by Jean-Claude Juncker, the Commission announced Wednesday...
INS: Romania January-July Power Output Up 1.5% On Year
Romanian energy output rose 1.5% on the year to 12.74 million tons of oil equivalent in the first seven months of 2014, fueled by higher production in most sectors, official data showed Wedn...