Social/Politics
Former Minister Monica Iacob Ridzi Sentenced To Five Years In Prison
Romania's former minister of youth and sports Monica Iacob Ridzi was sentenced Monday to five years in prison for abuse of office and misappropriation of public money.
Raiffeisen Capital&Investment, Morgan Stanley To Broker Hidroelectrica’s IPO
Romanian state-run hydropower generator Hidroelectrica selected a consortium comprising local brokerage Raiffeisen Capital&Investment and US lender Morgan Stanley to assist with its planned...
Romania Private Lending Falls 4.7% To RON218.5B In 2013, BNR Data Shows
Romanian private lending fell 4.7% in real terms to 218.46 billion lei (EUR48.2 billion) at the end of December 2013, from RON225.9 billion in the previous year, central bank data showed Mon...
Romanians Who Make Cash Offers On Cars, Homes Risk A 20% Fine
The Romanian government may forbid cash transactions for purchasing cars, homes and land, regardless of their value, and plans to introduce fines of up to 20% of the deal’s value for both th...
Rompetrol Pledges To Resume Investments In Romania After Government Approved Deal
Romania’s second largest oil group Rompetrol Thursday said it will resume its investment program in Romania, after the Government approved a memorandum of understanding signed with the compa...
Radu Stroe Resigns As Interior Minister Amid Plane Crash Scandal
Radu Stroe announced Thursday that he resigned from the position of Interior minister, following a scandal regarding delayed rescue actions after a plane crashed earlier this week.
Adeplast Gets EUR7 Million State Aid To Build Basalt Fiber Wool Plant
Romanian building materials producer AdePlast received state aids worth EUR7.27 million to build a EUR19 million basalt fiber wool plant in Ploiesti city by 2015, the company announced Thurs...
GfK: Romanians Optimistic About Economic Climate In 2014
Romanians are optimistic regarding economic development in the following 12 months and both their willingness to buy and income expectations are rising, a survey from market researcher GfK s...
Bucharest Airport Company Gross Profit Triples To RON78 Million In 2013
The Bucharest National Airport Company (CNAB) reported last year a gross profit of 78 million lei (EUR17.3 million), threefold higher than forecasted, the company said in a release Thursday.