Social/Politics
OMV Petrom, Exxon, Sterling Resources Complete Transfer of Midia Block Portion
OMV Petrom (SNP.RO) and ExxonMobil became the titleholders for the deep water portion of the XV Midia Block, after the Romanian government approved the transfer of hydrocarbon exploration an...
Oltchim Extends Deadline To Sell Its Assets To March 28
Romanian insolvent chemical company Oltchim SA (OLT.RO) has extended by two months until March 28 the deadline by which potential buyers can file bids to purchase the company’s assets.
Romania's 2013 Budget Deficit Stays Within IMF Target Of 2.5% Of GDP
Romania’s government managed to keep the fiscal deficit below the target agreed with the International Monetary Fund in 2013, as the budget gap stood 15.77 billion lei (EUR3.5 billion), or 2...
Blocked Roads And Railways Cost Romania Hundreds Of Millions Of Euros A Day
Back in the communist regime days until 1989, if traffic stopped, heads would roll starting from station masters, says George Buruiana, chairman of the Railway Freight Carriers of Romania As...
Lobby Law Perfectible, Talks To Be Resumed - Conference
Chamber of Deputies speaker Valeriu Zgonea said Tuesday during the "Mediafax Talks about Lobby" conference, that the lobby law is perfectible and the Legal Committee would resume talks, invi...
Government To Limit Inter-Bank Fees For Card Payments
Romanian government will restrict inter-bank fees that the card issuer charges from the bank whose terminals are used for payments to retailers, to 0.2% for debit cards and 0.3% for credit c...
Romanian Antitrust Watchdog Looks Into Local Car Insurance Market
Romania’s antitrust watchdog has started an investigation into the local car insurance market.
Romania Housing Permits Down 0.2% To 37,776 In 2013
Romania authorized construction of 37,776 residential buildings in 2013, very slightly fewer than in the previous year, the country’s statistics institute INS said Tuesday.
Business Outlook: Executives See Decline In Most Economic Sectors In 1Q
Romanian executives estimate the activity in retail, services and the construction sectors will decline in the first quarter of 2014 compared with the previous three months, the statistics i...