Social/Politics
KMG International, Former Rompetrol, Repatriates All Employees From Libya
KMG International, through Rompetrol SA, has completed the process of evacuation and repatriation of 56 of its employees from Libya, amid intensified military conflict in the region.
Romanians Spent More Than EUR1B On Houses In 2013
Almost 36,000 houses up to two-story tall were built in Romania last year, following investments estimated at more than EUR1 billion, while only 4,500 apartments in apartment buildings at le...
Romania’s Population Decreased By 3,186 People In June
Romania’s population decreased by 3,186 people in June 2014, when over 16,000 children were born and some 19,300 people died, according to data released Monday by the national statistics ins...
Voiculescu Case Highlights Need For Privatization Audit In Romania
The confiscations ordered in the Dan Voiculescu-Food Research Institute (ICA) case are a first for a privatization investigation, which shows the government can hope to recoup the losses in...
Romania Inflation Rate Rises To 0.95% In July
Romanian consumer prices inched down 0.1% in July from a month earlier, reflecting lower food prices, but the annual inflation accelerated to 0.95%, ending a two-month period of decline, off...
Romania January-June Power Output Up 0.3% On Year
Romanian energy output edged up 0.3% on the year to 10.82 million tons of oil equivalent in the first half of 2014, fueled by higher production in most sectors, official data showed Monday.
INS: Industrial Output Rises 10.4% On Year In First Half
Romanian adjusted industrial production rose 10.4% in the first half from the year-ago period, fueled by higher output in the manufacturing sector, the country’s statistics institute INS sai...
Romania Trade Gap Widens To EUR2.83B In January-June
Romania’s trade deficit widened to EUR2.83 billion in the first six months of 2014, from EUR2.53 billion a year earlier, the country’s statistics institute INS said Monday.
Romanian Businessman Dan Voiculescu Sentenced To Ten Years In Prison
Romanian high-profile businessman and politician Dan Voiculescu received a definitive 10-year prison sentence Friday, for his role in the privatization of the Food Research Institute (ICA).