Social/Politics
ANRE: Power Distributors To Electrify Households In Remote Villages
Power distributors will ensure the electrification of households in over 2,200 remote villages and if investments have no economic justification, they will be co-financed by local authoritie...
CNADNR Signs Contracts To Build Two Sections Of Lugoj-Deva Highway
Romania’s national roads authority CNADNR has signed the contracts to build the second and third sections of the Lugoj-Deva highway, which had been awarded in May.
Tarom To Replace Board Chairman, Extend CEO Term Back To Four Years
Dan Pascariu will be dismissed as chairman of the board of state-owned airliner Tarom and Christian Heinzmann’s CEO term will be extended back to four years, people close to the matter told...
Romania To Resume CFR Marfa Sale After Talks With IMF, EU
Romania will restart privatization procedures for 51% in freight railway carrier CFR Marfa after talks to set a new privatization calendar with the International Monetary Fund and the Europe...
Romtelecom Could Be Listed Both In Bucharest And In London Or Frankfurt - Minister
Romanian telecom operator Romtelecom could face a dual listing, namely, in Bucharest and in London or in Frankfurt, Communications Minister Dan Nica said Tuesday.
Sebes-Turda Highway To Cost Nearly EUR1B, Double From Initial Estimates
The construction of the 70 km-long Sebes-Turda highway will cost nearly EUR1 billion, double from nearly EUR554 million estimated in summer.
Nicolae Demetriade Resigns From Tarom
Nicolae Demetriade has resigned from the position of chief executive officer (CEO) of state-run airline Tarom, and of member in the company’s Executive Board.
Romgaz IPO To Start October 22
The initial public offering (IPO) of 15% in Romanian state-run natural gas producer Romgaz will start Tuesday, October 22, a day later than initially announced by the representatives of the...
Moody’s: Romania Economic Growth Likely To Remain Subdued In Coming Year
Economic recovery in Romania will likely remain subdued in the next year due to the country’s significant exposure to European markets, according to Moody’s Ratings, which sees the local gro...