Social/Politics
IMF: Romania Must Apply Strong Measures To Offset Fuel Tax Exemption
Romania’s planned exemption on its recently introduced excise tax on fuels must be compensated by “strong measures” that will offset the resulting fiscal gap, an official with the Internatio...
Tourist Arrivals In Romania Up 8.3% On Year In February
Arrivals at Romanian tourism accommodation establishments rose 8.3% in February from the year-earlier month, while overnight staying increased 11.5% on the year, data from the statistics ins...
INS: Romania Unemployment Rate Slightly Down To 7.2% In February
Romania's unemployment rate declined slightly to 7.2% in February compared with 7.3% in the previous month, seasonally adjusted data from the statistics institute INS showed Tuesday.
World Bank To Lend Romania EUR1B A Year In 2014-2017
The World Bank will extend a credit line to Romania for development projects of EUR1 billion a year for the period 2014-2017, based on a new partnership strategy to be approved by the bank's...
Budget-Finance Committee OKs Misu Negritoiu As ASF Head
Romanian budget-finance committee Monday approved the appointing of Misu Negritoiu as president of Romania’s Financial Supervisory Authority ASF.
Former Economy Minister Sentenced To Four Years In Prison For Hidroelectrica Fraud
Romania’s former economy minister Codrut Seres was sentenced to four years in prison Monday by the High Court of Justice for accessory to abuse of office in a case involving the defrauding o...
Romania’s Grain Output Rose Almost 64% On Year In 2013
Cereal output rose 63.9% in 2013 in Romania which, although ranked among the largest corn and wheat producers in the European Union, places near bottom in terms of yields per hectare, the co...
Alstom Wants To Supply Trains For Planned Bucharest Subway Line 5
French group Alstom, which has handled maintenance works for the Bucharest subway since 2003, plans to get involved in the Drumul Taberei-Pantelimon subway project by delivering 43 trains, i...
World Bank Approves $339M Healthcare Loan To Romania
The World Bank’s Board of Executive Directors approved Friday a $338.8 million loan to Romania to improve the country’s healthcare infrastructure, the bank said in a statement.