Social/Politics
Romania’s Privatization Authority To Cut Staff By 25%
Romania’s privatization authority AAAS, former AVAS, will downsize its staff by 25% by September, from 272 to at most 220 employees, the institution said Monday.
UniCredit Tiriac Bank Gets EUR10M EBRD Loan To Finance Energy Projects
The European Bank for Reconstruction and Development Monday said it has extended a EUR10 million loan to Romania’s UniCredit Tiriac Bank for on-lending to small and medium-sized enterprises...
Romania Posts 4th Lowest Debt-to-GDP Ratio In EU In First Quarter
Romania’s government debt reached 38.6% of the gross domestic product at the end of March, the fourth lowest level in the European Union, official data showed Monday.
Romania Loses EUR22B A Year To Tax Evasion
Romania ranks second in Eastern Europe in terms of its underground economy, with almost EUR40 billion in absolute terms in 2013, shows a study of AT Kearney on Europe’s underground economy r...
Household Electricity Bills To Be Lowered By 4%
The share of green certificates in end-consumers’ electricity bills will decrease by 33.3% to RON0.034/KWh, following the energy regulator ANRE’s decision Friday to lower the annual certific...
Basescu: Romania Wants Guarantee Fund To Support SME Lending
Romania will discuss with the International Monetary Fund setting up a government guaranteed fund to support lending to small and medium-sized enterprises (SMEs), President Traian Basescu sa...
Romania 2013 GDP Growth Forecast Revised Up To 1.9%
Romania and the International Monetary Fund estimate an economic growth in the eastern European country of 1.9% in 2013, a slightly faster pace than the 1.6% increase previously expected, pe...
Over 60,000 Tourists Expected In Romanian Seaside All Inclusive Hotels This Summer
Around 62,000 tourists are expected to spend their summer holidays in Romanian seaside resort all inclusive hotels, from 40,000 last year.
Government Seeks To Tax Compensations Of Owners Of Nationalized Property
Romania’s national property restitution authority ANRP and the Finance Ministry are looking into a taxation system to levy taxes on former owners of nationalized property whose government-aw...