Social/Politics
Only One Bid To Broker Electrica’s Listing On Bucharest Bourse - Sources
A consortium of Citigroup, Raiffeisen Capital&Investment, BRD-Societe Generale and Swiss Capital filed the only bid to broker the listing of state-owned electricity distributor Electrica on...
Basescu To Lagarde: Romania Needs Another IMF Loan Program
President Traian Basescu said Tuesday, during a meeting with Christine Lagarde, the managing director of the International Monetary Fund, that Romania needs a new loan arrangement for two mo...
Foreign Banks Withdrew Deposits Worth EUR1.7B From Romania Over Past Two Years
Non-resident bank deposits in Romania decreased to EUR6.9 billion in May, a record low since 2009, mirroring the reduction of foreign banks’ exposure to the Eastern European country.
EBRD Lends EUR27.2M To Water And Sewage Companies in Two Romanian Counties
The European Bank for Reconstruction and Development (EBRD) will grant loans of EUR16.4 million and EUR10.8 million to the water and sewage companies in counties Bacau, eastern Romania, and...
ArcelorMittal Seeks Extension On Environmental Obligations, Tax Exemptions, Lower Energy Costs
Steelmaker ArcelorMittal has asked the government for an extension on some of its commitments undertaken in the privatization contracts for its plants in Galati and Hunedoara and exemptions...
Economist Writes Open Letter Asking IMF Not To Approve A New Deal With Romania
Romanian economist Florin Citu wrote an open letter asking the head of the International Monetary Fund not to approve a new loan agreement with Romania, saying the country’s economy would no...
Government To Notify Prosecutors Of Irregularities In Awarding National Healthcare Card Contract
Romania’s Government will notify anticorruption prosecutors of irregularities in awarding the contract for national healthcare cards by former National Health Insurance House (CNAS) presiden...
Romania, Gabriel Resources Negotiate Increasing State’s Stake In RMGC To 25%
Romania’s government and Canadian company Gabriel Resources, are negotiating increasing the Romanian state’s stake in Rosia Montana Gold Corporation (RMGC) from 19.31% to a maximum of 25% an...
Transport Minister Relu Fenechiu Gets Five Years In Prison
Romania’s Transport Minister Relu Fenechiu has been sentenced to five years in prison by the High Court of Justice Friday for accessory to abuse of office.