Social/Politics
Arctic Appeals Fine Imposed By Romanian Antitrust Watchdog
Romanian household appliance maker Arctic Gaesti will appeal the fine imposed by Romanian antitrust authorities for sealing anti-competition agreements within the buy-back campaigns, saying...
Pharmaceutical Market, Poised For Major Changes In 2014
The Romanian pharmaceutical market will grow by 8% at most n 2014, according to executives in the industry mainly due to the updating of the list of reimbursed drugs.
Fiscal Council Counts 1.5 Million Informal Workers, Labor Inspection Finds Only 15,700 In 2013
The up to two-year jail sentence employers using more than five informal workers may get under the 2011 Labor Code did not scare them and they would rather go to court than pay the fine impo...
Romania, Likely To Enter New Investment Stage
Four of the parent companies of the 20 largest Romanian firms boasted share increases by as much as 53% on international markets in 2013, the best year for the Western stock exchanges after...
Steelmakers Complain Again Over High Energy Price
The representatives of steelmakers operating in Romania complained again over the "overwhelming" electric power price and asked for an extension of the natural gas deregulation program by 20...
EBRD Invested EUR510M In 32 Romanian Projects Last Year
The European Bank for Reconstruction and Development invested around EUR510 million in 32 individual projects in Romania last year, a record number of projects for the lender in the eastern...
Comarnic-Brasov Highway To Cost EUR1.8B, Seen Completed In 2017
Construction on Romania’s 53-kilometer Comarnic-Brasov highway is set to start late April and to be completed in 2017 for an estimated EUR1.8 billion, Prime Minster Victor Ponta said Thursda...
IMF Team To Visit Romania Jan 21-Feb 5 For EUR2B Loan Review
A delegation of the International Monetary Fund will visit Romania between January 21 and February 5 for the first and second reviews of a EUR2 billion loan agreement signed last year, and t...
Trade Registry: 27,000 Companies Went Belly-up In 2013
About 27,000 companies went out of business in Romania last year, up 10.4% compared with 2012, data from the Trade Registry showed Wednesday.