Social/Politics
Posta Romana Expects Gross Profit For 2013 After ANCOM Service Payment
Romanian state-owned postal operator estimates gross profit for 2013 following the payment of an estimated RON30-50 million by telecom regulator ANCOM for the postal operator's services.
VIG Won't Join PAID As Long As Its Reinsurance Is Inadequate
Vienna Insurance Group's Romanian businesses will not join the country's Pool of Insurance against Natural Disasters (PAID), which sells mandatory home insurance, as long as its portfolio is...
UniCredit: Romania In Dire Need Of New Investments, Jobs
Romania faces one of the highest declines in employment levels in Central and Eastern Europe, has the least skilled personnel and is in dire need of new investments and new jobs, said Dan Bu...
Romania Suspends SME Support Scheme This Year
The "Mihail Kogalniceanu" program allowing small and medium-sized businesses to get loans of up to RON400,000 with subsidized interest has been suspended this year, minister-delegate for SME...
Rompetrol's Sales Decline Slightly After Excise Duty Introduction
KazMunayGas International (the former Rompetrol), Romania's second largest oil group, says the fuel price hike has had a relatively low impact on its sales, with demand in its filling statio...
Eurobarometer: Romanians Believe National Economy Is Bad, Optimistic About Future Of EU
A large majority of Romanians (87%) judge the country’s economic situation as bad and tend not to trust the Government (74%) or Parliament (80%), but are optimistic about the future of the E...
Voinea: Romania Economy Growing Faster Than Expected
Romania’s minister delegate for Budget Liviu Voinea said Monday that the economy is growing faster than initially estimated and encouraged companies and households to speed up the consumptio...
INS: January-March Power Output Down 1.9% On Year
Romanian energy output fell 1.9% on the year to 5.45 million tons of oil equivalent in the first quarter, hurt by declining production in the coal-mining sector, official data showed Monday.
Romania Trade Deficit Widens To 1.11B In First Quarter
Romania’s trade deficit widened to EUR1.11 billion in the first quarter, from EUR1.07 billion a year earlier, the country’s statistics institute INS said Monday.