Social/Politics
Ponta Assures Biden Romania Will Boost Defense Budget To 2% Of GDP By 2016
Prime Minister Victor Ponta has assured United States vice-president Joe Biden that Romania will allocate 2% of the gross domestic product “by 2016" to its defense sector.
Biden: Rule Of Law Is A National Security Issue, Required In Business Sector As Well
The rule of law and the fight against corruption represent national security issues that could contribute to the business sector development as well, U.S. vice-president Joe Biden stated Wed...
Romanians In EU Sent EUR37B Back Home, Yet Politicians Ignore Them
The two million Romanians working in the EU, most of them in difficult conditions, were ignored by the very peoople who could have fought for them in the European Parliament.
Romanian Lottery's Net Profit Tripled In 2013
The Romanian Lottery Company, leader on Romania’s gambling market, registered net profit of almost EUR25 million in 2013, three times higher than in 2012, according to company data.
One Third of Romanian Insurance Market Under Heavy Scrutiny
Three companies holding over 30% of the insurance market are going through rough times.
Erste: Romania Should Wait At Least Until 2021 To Join Eurozone
Romania’s target date to join the euro area in 2019 seems rather ambitious considering that the country is still far from meeting the real convergence criteria and, Austrian bank Erste said...
Survey: Two Thirds Of Romanians Have Debts, 50% Owe More Than RON5,000
Two out of three Romanians have debts and half of them owe more than RON5,000, according to a survey ordered by debt collection firm Kruk Romania.
Government Transfers Stake In Timisoara Airport To Local Authorities
Romania's Transport Ministry will transfer its stake of 80% in the Traian Vuia international airport in Timisoara to the Timis county council.
S&P Upgrades Romania To Investment Grade
Standard & Poor's Ratings Services Friday upgraded Romania’s rating to BBB-, a notch above junk status, citing the fiscal consolidation and progress in reducing foreign debt.