Social/Politics
China To Invest EUR5B In Romanian Energy Projects - Minister
Romania’s minister-delegate for Energy Constantin Nita said Tuesday that Chinese investors have pledged total financing worth EUR5 billion for local energy projects.
Romania Invites Chinese Investors To Buy Its Bonds
Romania’s Budget Minister Liviu Voinea on Tuesday urged investors attending a China-CEE summit to purchase government bonds, citing the country’s low public debt level and attractive yields.
China Looking To Spend Up To $10B On Infrastructure, Energy Projects In CEE
China is ready to explore with European Union countries various ways to use a special $10 billion financing line to support infrastructure and energy projects in central and eastern Europe,...
Chinese PM: China, CEE Countries Must Double Trade In Next Five Years
Trade between China and countries in Central and Eastern Europe (CEE) must double in the next five years, as its value is still low, Chinese Prime Minister Li Keqiang said Tuesday in Buchare...
Historic Visit: Chinese PM Comes To Bucharest Today
In the longest visit to Bucharest of a head of state in the past 30 years, Chinese Prime Minister Li Keqiang, arrives in Romania today to attend a China - Central and Eastern Europe summit....
President Threatens To Stave Off State Budget Unless Government Drops Fuel Excise Hikes
Romanian President Traian Basescu threatened to send the 2014 state budget back to Parliament unless the government drops its proposed hike in fuel excises.
Fondul Proprietatea Sees Romania’s Special Building Tax Revenues At Up To RON900M
Romanian investment fund Fondul Proprietatea (FP.RO) estimates the state will collect between 700 million and 900 million lei (157-202 million euro) from a tax on special buildings applicabl...
S&P Improves Outlook on Romania, Affirms 'BB+/B' Ratings
Standard & Poor's Ratings Services on Friday affirmed its 'BB+/B' long- and short-term foreign and local currency sovereign credit ratings on Romania, while improving the outlook to positive...
Court Finds Memorandum With Rompetrol Unconstitutional
Romania’s Constitutional Court Thursday sustained President Traian Basescu’s objection and declared the law approving a memorandum of understanding (MoU) between Romania and oil group Rompet...