Social/Politics
Bucharest Residents’ Budget: 70% Of Money Spent On Food, Gas And Utilities
A Bucharest resident spends almost 70% of monthly income on food, utilities, rent and transportation. At the opposite end, less than 2% of the monthly budget of around 2,200 lei (about EUR50...
Government Approves Letter Of Intent To IMF Deal
Romanian Government approved the letter of intent to a EUR4 billion loan program with the International Monetary Fund and the European Union and will send the document to President Traian Ba...
Romania Hopes To Raise Over EUR400M From Selling 51% In Electrica
Romania plans to obtain over EUR400 million from selling 51% in state-owned electricity distributor and supplier Electrica, but the price also depends on market conditions, Gabriel Dumitrasc...
Liberal Ministers Resign, PM To Present New Cabinet Next Week
Liberal Cabinet ministers, state secretaries and heads of government agencies have tended their resignations and social democrat Prime Minister Victor Ponta said he would present a new Cabin...
Euro Insol Reinstated As Hidroelectrica’s Legal Administrator
Insolvency company Euro Insol has been reinstated as judicial administrator of Romanian state-run hydropower producer Hidroelectrica after the latter was court-ordered into re-entering reorg...
Romania's Ruling Coalition Splits As Liberals Pull Out
Romania's ruling Social Liberal Union has broken up as leaders of the Liberal Party resolved to recall the party's ministers from the Cabinet.
Romania Private Lending Extends Decline In January
The lending activity in Romania remained on a downward slope in January, as demand for loans remains subdued, despite interest rate reductions in recent months.
Renault Gets EU Funds To Develop Euro 6 Engines In Romania
The Auto Muntenia competitive cluster, which includes Automobile Dacia, Renault Technologie Roumanie and the University of Pitesti, is to get a grant of EUR15 million from the European Union...
Infrastructure Works Down Again In 2013 After Two Years of Slight Growth
Infrastructure works witnessed a new decline of almost 2% last year, as the government cut investments and EU funds for roads and railways were frozen in the first half. Furthermore, it is n...