Social/Politics
Romania And IMF Fail To Agree On Cutting Social Security Tax As Of July 1-Sources
The Romanian Government and the International Monetary Fund (IMF) have failed to reach an agreement on the lowering of the social security contributions by five percentage points as of July...
PM: Energy Price Hike, Biggest Danger For Romanian Economy
The energy price increase is the biggest danger for the Romanian economy, while one of the main challenges of the government is the setting up of a free and transparent energy market, withou...
Electrica To Start IPO Monday
Romanian state-run energy company Electrica SA’s planned initial offering of 51% of its shares will be launched on June 16 in Bucharest and London, with small retail investors being able to...
Romania Inflation Hits New Record Low Of 0.94% In May
Romanian consumer prices were roughly unchanged in May from a month earlier, but the annual inflation eased to an all-time low of 0.94%, from 1.2% a month earlier, official data showed Thurs...
INS: January-April Power Output Down 3.6% On Year
Romanian energy output fell 3.6% on the year to 7.17 million tons of oil equivalent in the first four months of 2014, hurt by declining production in the coal and oil sectors, official data...
Romania Sets Electrica IPO Price Range At RON11-RON13.5 A Share
Romanian state-run electricity distributor and supplier Electrica SA has set a price range for its planned initial public offering in Bucharest and London at 11 to 13.5 lei (EUR2.5 to EUR3.0...
Gas Producers To Sell Part Of Output On Commodities Market As Of July 1
Natural gas producers will be forced by law to sell part of their production on the local commodities market as of July 1, while gas distributors should do the same at beginning of next year...
APMGR Asks PM To Intervene In Decision For Differentiated Clawback Tax
The representatives of the Association of Generic Medicine Producers in Romania (APMGR) asked Prime Minister Victor Ponta to get directly involved in removing the institutional deadlock whic...
Tarom Still In The Red, But Losses Narrow
Romania’s state-run airline Tarom, placed under private management at the end of 2012, ended last year with a net loss of 130 million lei (around EUR30 million), down by RON100 million from...