Social/Politics
Main 20 Public Investment Projects In 2013 Cover Half Of Budget
The main 20 public investment projects in 2013 totaled 6 billion lei (EUR1.33 billion), namely half of the total sum assigned from state budget, of nearly RON12 billion, with the first three...
Alro Plans To Shut Down Several Facilities, Cut Jobs
Romanian aluminum company Alro Slatina (ALR.RO) will prepare a plan to shut down part of its production facilities, in an attempt to reduce costs, which could result in a significant number...
PM: Government To Seek Confidence Vote On New Political Program
Romania’s Prime Minister Victor Ponta said the new Government will seek a confidence vote in Parliament on a new political program that brings changes to the governing program.
Dan Rusanu Steps Down As Financial Authority Head Amid Corruption Charges
Dan Radu Rusanu has resigned from the position of president of Romania’s Financial Supervisory Authorty (ASF), the financial watchdog’s interim head Daniel Daianu said Wednesday.
Romania To Get EUR350M At Best For Romtelecom Stake, MP Says
Romanian government will get EUR350 million at best for its 46% stake in Romtelecom that it put up for sale last year, deputy Mircea Cazan, member of the IT&C Committee of the Chamber of Dep...
INS: Romania Housing Construction Down 6% In 2013
Romanian housing construction fell 5.8% to 40,071 units in 2013, from 42,566 in the previous year, official data showed Wednesday.
Romania Net Investment Down 9% To RON67.8B In 2013
Romanian net investment fell 9.3% on the year to 67.86 billion lei (EUR15 billion) in 2013, on declining activity in most sectors, the country’s statistics institute INS said Wednesday.
Industry, Agriculture Fueled Romania’s GDP Growth 3.5% In 2013
An 8% increase in industrial output and a bumper harvest helped Romania’s economy grow in 2013 at the faster pace in five years, surpassing every expectations.
Football Heavyweights Get Definitive Prison Sentences In Player Transfer Case
Eight Romanian football high officials were sentenced definitively to prison Tuesday, on charges of fraud in transfers of football players.