Social/Politics
Over 300 Micro-hydropower Plants Operational in Romania, 150 Pending OK
Over 300 micro-hydropower plants are already authorized and operational in Romania, while some 150 are pending authorization, according to the data sent to Mediafax by the water management d...
Low As They Were, EU Funds Kept Leu Steady In 2013
A total of 2.8 billion euros drew Romania last year from the European Union in non-reimbursable funds, just half the yearly target, but enough to keep the leu in check and repay some of the...
PCC And Fortissimo Capital No Longer Interested In Oltchim Privatization
Israeli private equity investment group Fortissimo Capital and German company PCC SE, the main private shareholder in Romania’s state-owned chemical company Oltchim SA (OLT.RO), have decided...
Green Power Support Might Be Lowered Again - RWEA Head
Three senators of the Social Democratic Party filed a proposition to amend the Renewable Energy Law, cutting the maximum value of green certificates from EUR55 to EUR30, Ionel David, CEO of...
EBRD Keeps 2014 GDP Growth Forecast For Romania, Warns Of Bad Loans
The European Bank for Reconstruction and Development has maintained its forecast on the Romanian economic growth unchanged at 2.4% in 2014, driven by exports and less sluggish domestic deman...
BCR Cuts Rates On Leu-Denominated Loans
Romania’s largest bank BCR, a unit of Austrian Erste Group Bank AG (EBS.RO), on Monday lowered by up to one percentage point its interest rates on leu-denominated mortgage and consumer loans...
Ecotic: Romanian Antitrust Body's Decision Unjustified
Ecotic representatives said Friday that the decision of the antitrust authorities to fine the electronic companies, members of the association, for sealing anti-competition agreements within...
Romania January-November FDI Hits 4-Year High Of EUR2.4B
Romanian foreign direct investment, or FDI, rose 22.3% on the year to EUR2.38 billion in January-November last year, the highest level in four years, the central bank said Friday.
BNR: Romania's Current Account Gap Narrows To EUR1.33B After First 11 Months
Romania's current account balance posted a deficit of EUR1.33 billion in the first 11 months of last year, well below a gap of EUR5.38 billion in the same period of 2012, central bank data s...