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INS: Romania Housing Permits Down 2.3% On Month To 3,746 In September
Macroeconomics

INS: Romania Housing Permits Down 2.3% On Month To 3,746 In September

Romanian housing permits fell 2.3% to 3,746 units in September, from 3,833 units a month earlier, the country’s statistics institute INS said Monday.

Bogdan Neagu · 28.10.2013 · 10:00 · 1 min
Government Cuts Investments To Boost Wages, Pensions And Public Procurement
Macroeconomics

Government Cuts Investments To Boost Wages, Pensions And Public Procurement

September completed the picture of a budget execution centered on fulfilling the electoral campaign obligations of the Social-Liberal Union, in total disregard for the dire need for investme...

Tudor Ioana Raluca · 28.10.2013 · 08:01 · 2 min
Romania Owes Green Power Producers EUR45M In Deferred Certificates
Energy

Romania Owes Green Power Producers EUR45M In Deferred Certificates

Green power producers and especially owners of wind and solar farms already have EUR45 million to recover for the three months since the government changed its support scheme. They will get...

Tudor Ioana Raluca · 28.10.2013 · 07:45 · 1 min
Romania To Contribute Some EUR8.1M To ESA Programs
Social/Politics

Romania To Contribute Some EUR8.1M To ESA Programs

Romania’s Government decided Friday the country will contribute over EUR8.1 million to the operational programs carried out by the European Space Agency (ESA).

Ioana Tudor · 25.10.2013 · 16:50 · 1 min
Banks-Insurance

Romania To Cut Funding For All Ministries Due To Lower-Than-Expected Budget Revenues

Romania’s Government will revise down the state budget for 2013 at this year’s second revision scheduled for end-October, as revenues are 3.8 billion lei (EUR0.85 million) lower than expecte...

Ioana Tudor · 25.10.2013 · 14:26 · 1 min
Government To Seek Confidence Vote For Decentralization Bill In Mid-November
Social/Politics

Government To Seek Confidence Vote For Decentralization Bill In Mid-November

Romania’s Government will seek a confidence vote in Parliament in mid-November to pass a bill on the decentralization of public administration, Prime Minister Victor Ponta said Friday.

Ioana Tudor · 25.10.2013 · 13:28 · 1 min
Macroeconomics

Ponta: Romania To Revise Down State Budget For 2013

Romania will revise down its state budget for 2013 at this year's second budget revision, which is scheduled for end-October, Prime Minister Victor Ponta said Thursday.

Ioana Tudor · 24.10.2013 · 19:55 · 1 min
ELCEN Wants To Borrow RON200M To Buy Fuel
Energy

ELCEN Wants To Borrow RON200M To Buy Fuel

Romanian state-run electricity and thermal power producer Electrocentrale Bucuresti (ELCEN) wants to borrow 200 million lei (EUR45 million) from banks to buy fuel for energy production betwe...

Ioana Tudor · 24.10.2013 · 17:23 · 1 min
Romania Attracted EUR2.4B In EU Structural, Cohesion Funds This Year
Social/Politics

Romania Attracted EUR2.4B In EU Structural, Cohesion Funds This Year

Romania has attracted some EUR2.4 billion by October 22 in European structural and cohesion funds, the European Funds Ministry said in a press release Thursday.

Oana Gavrila · 24.10.2013 · 12:02 · 1 min