Social/Politics
CFR SA Revenues Up 3.5% In 1H, To RON1.16B
Revenues of Romanian state-owned railway company increased 3.5% in the first half of the year, to RON1.16 billion, as railway traffic declined around 5%, the company said Wednesday.
Insurers Outside PAID May Sell Mandatory Home Insurance Under Collaboration Protocols
Insurers that are not part of the Romanian Pool of Insurance Against Natural Disasters (PAID) will be allowed to sell mandatory home insurance policies under collaboration protocols with PAI...
Romania Central Bank Will Do Everything Possible To Balance Loan Rates
Romanian central bank governor Mugur Isarescu Wednesday said that his bank would do “everything possible” to help narrow the gap between interest rates on domestic and foreign currency loans...
Isarescu: Abusive Clauses Are Part Of Signed Contracts
The so-called abusive clauses denounced by bank debtors are part of the loan contracts they have signed and therefore should be accepted as such, Romanian central bank governor said Wednesda...
BNR Revises Down Romania's Inflation Forecast To 3.1% In 2013, 2014
Romania’s central bank has revised slightly downward its inflation forecast for 2013 to 3.1% from 3.2% previously, governor Mugur Isarescu said Wednesday.
Largest 100 Employers Lost 36,000 Employees Since 2008
The 100 largest employers in Romania, which together have 520,000 employees (12% of the total number in the economy), reported a decline of 36,000 employees between 2008 and 2012, according...
Why Documents For Black Sea Reserves Of $20B Are Classified
A new addendum with classified content has been added to the concession agreement for oil exploration, development and exploitation in the Neptun block of the Black Sea, with the main explan...
INS: Romania Average Net Salary Stays Around RON1,600 In June
Romanian average net salary inched 0.3% lower to 1,606 lei (around EUR360) in June, from RON1,611 a month earlier, the statistics institute INS said Tuesday.
Isarescu: CFR Marfa Privatization, An Attempt To Escape Vicious Circle
Romanian central bank governor Mugur Isarescu said Monday the privatization of state companies that have monopoly or quasi-monopoly, such as railway freight carrier CFR Marfa, is a way out o...