Social/Politics
Transelectrica Might Sack Some 400 Employees In Next Four Years
Romanian state-owned power grid operator Transelectrica (TEL.RO) might lay off 300-400 employees in the next four years as installations will be operated automatically and fewer workers will...
Romania Sets Farmland Acquisition Conditions
Natural persons in Romania will not be allowed to own more than 100 hectares of unincorporated farmland, and EU citizens (including Romanians) must satisfy several conditions to get permissi...
Romania Climbs Two Spots To 76 In WEF's Competitiveness Ranking
Romania climbed two places to 76th in a global competitiveness ranking released by the World Economic Forum on Wednesday.
Romania Secures RON7.4M To Pay Severance To Posta Romana Laid-Off Employees
The 3,650 laid-off employees of Romanian state-run postal operator Posta Romana will receive severance pay amounting to 7.4 million lei (EUR1.66 million) by the end of the year, the company...
Senate Rejects President’s Request To Revise Referendum Law
Romania’s Senate rejected Tuesday the head of state’s request to reexamine the referendum law which lowers the required quorum to 30% of voters from 50%.
No Deadline For Sibiu-Pitesti Highway
The 116 kilometer long Sibiu-Pitesti highway expected to cost to more than EUR3 billion should be paid for with European funds allocated for 2014-2020. At least this is what Romania’s nation...
Romania Can Invest EUR1B In State’s Listings
Romania can raise over EUR1 billion from local resources and to buy shares in state-run companies Nuclearelectrica, Romgaz, Hidroelectrica and Electrica.
Glencore, Trafigura, Yildirim Holding File Pre-Qualification Bids For Romania’s Cupru Min
Turkish chrome producer Yildirim Holding Inc., Dutch commodities trader Trafigura and Switzerland’s Glencore have filed pre-qualification bids to purchase up to 331,890 tons of copper concen...
Romania Forex Reserves Fall To EUR32.2B In August
Romanian foreign exchange reserves fell to EUR32.17 billion in August, from EUR33.35 billion a month earlier, central bank data showed Monday.