Social/Politics
GFR Owner Gruia Stoica, Attorney Doru Bostina Indicted For Corruption
Romanian businessman Gruia Stoica, owner of railway freight transporter Grup Feroviar Roman (GFR), and attorney Doru Bostina have been indicted for corruption.
ASF To Take Steps For “Friendly” Fees On Capital Market
The Romanian Financial Supervisory Authority (ASF) will take steps for making the capital market fees "friendly", ASF first vice-president Daniel Daianu stated Wednesday.
Isarescu: Controlled Floating Includes Finance Ministry’s FX Sales
Romanian central bank governor Mugur Isarescu on Wednesday reiterated the local money market has a controlled floating exchange rate system, which allows the institution to sell or purchase...
Inflation Hits New Post Communist Low Of 1.1% In January
Romanian consumer prices rose 0.85% on the month in January, but the annual inflation eased for the third consecutive month to 1.06%, a fresh record low since at least 1990, official data sh...
Romania Adjusted Industrial Output Rises 7.1% In 2013
Romanian adjusted industrial production rose 7.1% in 2013 from a year earlier, on higher output in most sectors, the country’s statistics institute INS said Wednesday.
Romania Cashes In Seven Times Less Than Poland From Foreign Tourists
Almost one third of the foreigners who visited Romania last year were Germans, Italians and French, according to a ZF survey based on the statistics institute data.
INS: Romania’s Power Output Falls 6.2% In 2013; Consumption Down 6%
Romanian energy output fell 6.2% on the year to 21.34 million tons of oil equivalent in 2013, on the back of a two-digit decline of the thermal power production.
Nuclearelectrica Joins Tarnita Hydropower Station Project
Nuclearelectrica (SNN.RO), the owner of the Cernavoda nuclear power plant that covers 20% of Romania’s energy production, plans to contribute 8.9 million lei (around EUR2 million) to partici...
Romania’s Trade Deficit Narrows To EUR5.7B In 2013; Exports Up 10%
Romania’s trade deficit significantly narrowed in 2013, to EUR5.7 billion versus EUR9.6 billion in the previous year, mainly due to the export recovery.