Social/Politics
INS: Housing Permits Down 4.5% In First 6 Months
Romanian housing permits fell 4.5% to 17,396 units in the first half of 2013, from 18,217 units a in the year-earlier period, the country’s statistics institute INS said Monday.
PM: Government To Cut VAT On Bread If Breadmakers’ Associations Help It Fight Tax Evasion
Romanian Prime Minister Victor Ponta said the sales tax on bread will be lowered from 24% to 9% only if breadmakers’ associations help the Government in its fight against tax evasion.
Romania Posts Budget Deficit Of 1.06% Of GDP In First Half
Romania’s consolidated budget posted a deficit of 6.62 billion lei (EUR1.5 billion) in the first half of 2013, equal to 1.06% of the gross domestic product, Finance Ministry data showed Frid...
Oltchim Puts 700 Workers On Furlough Until September 8
Romanian state-owned chemical plant Oltchim Ramnicu-Valcea (OLT.RO) said Friday it will put 715 employees on furlough between July 29 and September 8 because of lack of working capital and r...
Cupru Min Extends Bidding Deadline For Copper Concentrate
Romania’s Economy Ministry has extended until September 1 a deadline by which eligible investors can file bids to purchase up to 331,890 tons of copper concentrate from state-run producer Cu...
Posta Romana, DPD Set Up International Parcel Delivery Service RoadShip
Romanian state-owned postal operator Posta Romana and DPD Romania, part of French group Geopost, have signed an agreement to set up an international delivery service, which will become opera...
Romania Plans EUR1B Energy Investment Fund
The Romanian government plans to set up an investment fund with an initial capital of over EUR1 billion that would include the state’s minority stakes in the companies held by the Economy Mi...
Nuclearelectrica’s Public Offering Delayed Once Again
Romania’s Economy Ministry has deferred to the end of August the sale of 10% in state-owned nuclear power producer Nuclearelectrica, an official of the ministry said Thursday.
Romania Seeks To Raise EUR600M From Selling 15% In Romgaz
Romania’s Economy Ministry wants to obtain EUR600 million from selling a 15% stake in natural gas producer Romgaz Medias in November and is considering floating the company on both the Bucha...