Social/Politics
INS: Romania Unemployment Rate Flat At 7.3% In November 2013
Romania's unemployment rate was stable at 7.3% in November compared with the previous month, but up from 6.7% in the same period of 2012, seasonally adjusted data from the statistics institu...
Romania Retail Sales Inch Lower In November
Romanian adjusted retail sales edged down 0.2% in November 2013 from the earlier month, due to lower sales of fuels and food products, the statistics institute INS said Wednesday.
Highway Plan For 2014: Works Start For 400 Km, Just 60 Km Set For Delivery
The Romanian company in charge of roads and highways (CNADNR) plans to start in 2014 the building works for almost 400 km of new highways, with costs estimated at some EUR5.8 billion, accord...
Former CFR Manager Mihai Necolaiciuc Acquitted In EUR2.7M Fraud Trial
A Bucharest district court on Tuesday acquitted Mihai Necolaiciuc, a former manager of Romania’s state-owned railway administrator CFR, of accusations of defrauding the company of EUR2.7 mil...
Romanian Government To Approve Memorandum With Rompetrol
Romanian Prime Minister Victor Ponta asked minister delegate for Energy, Constantin Nita, to prepare a draft with the Justice Ministry representatives, so that the Government would approve t...
Ponta: Budget Deficit at 2.5% Of GDP, Economic Growth Higher Than Estimated In 2013
Romania posted a budget deficit of 2.5% of the gross domestic product in 2013, while the economic growth was slightly higher than estimated, Prime Minister Victor Ponta said Monday evening.
Companies Worth EUR2.5B Await Parliament Decision On Stock Exchange Rules
Legislative moves with a sweeping impact on the Romanian capital market are likely to materialize in 2014, changing the fortunes for companies worth about 2.5 billion euros.
Romanian Former PM Nastase Sentenced To Four Years In Prison For Corruption
Romania’s former social-democrat prime minister Adrian Nastase was sentenced Monday to four years in prison for blackmail and bribe taking, while his wife Dana Nastase received a suspended t...
Tourist Arrivals In Romania Up 5.8% On Year In November 2013
Arrivals at Romanian tourism accommodation establishments rose 5.8% in November 2013 from the year-earlier month, while overnight staying increased 8.2% on the year, data from the statistics...