Social/Politics
Romania’s Economy In Recession After 1% Decline In Second Quarter
The Romanian economy is in recession after a second consecutive quarter of decline, a flash estimate from the country's statistics institute INS showed Thursday.
Transelectrica 1H Net Profit More Than Doubles On Higher Transport Tariffs
Romanian state-run power grid operator Transelectrica (TEL.RO) Thursday said its net profit more than doubled on the year to 226.2 million lei (EUR51 million) in the first half, on higher tr...
Electrica To Carry Out RON6.2B Investment Plan By 2018
Romanian energy company Electrica (EL.RO) plans to invest 6.2 billion lei (EUR1.4 billion) between 2014 and 2018, mainly in distribution equipments, the company said in a statement Thursday.
Nuclearelectrica Net Profit Falls 69% In First Half
Romanian state-run nuclear power producer Nuclearelectrica (SNN.RO) Thursday reported a 69% drop in its first-half net profit, mainly due to lower electricity prices and higher tax costs.
Oltchim 1H Loss Narrows 22% To RON115.2M
Romanian insolvent chemical producer Oltchim Ramnicu Valcea (OLT.RO) on Wednesday said its loss narrowed 22% to 115.2 million lei (EUR25.97 million) in the first half, from RON147.5 million...
Romania FDI Falls 10.3% To EUR1.2B In January-June
Romanian foreign direct investment, or FDI, fell 10.3% to EUR1.19 billion in the first half of the year, the central bank said Wednesday.
Romania Posts EUR878M Current Account Deficit In January-June
Romania's current account balance posted a deficit of EUR878 million in the first six months of 2014, versus surplus a year earlier, mainly due to a wider income deficit, central bank data s...
Former Transport Minister Dan Sova Investigated For Abuse Of Office
Romanian anticorruption prosecutors are investigating former social democrat transport minister Dan Sova for abuse of office regarding contracts signed by his former law firm with state ener...
Romania's Road Company Spent Only 40% Of Its Budget In 1H
While people and investors keep complaining about the lack of road infrastructure, Romania’s national company in charge of highways and national roads CNADNR spent only 40% of the money it s...