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Household Electricity Prices In Romania 1.3% Lower Starting July 1
Energy

Household Electricity Prices In Romania 1.3% Lower Starting July 1

Electricity prices for households and nonindustrial consumers in Romania will fall by an average of 1.3% starting July 1, the country’s energy market regulator ANRE said Friday.

Ioana Tudor · 21.06.2013 · 16:04 · 1 min
Romania May Raise Wages Of EU Fund Management Authorities’ Employees
Social/Politics

Romania May Raise Wages Of EU Fund Management Authorities’ Employees

Romania’s government will negotiate with the International Monetary Fund a special wage system for public servants involved in attracting European funds, which will use both national and EU...

Ioana Tudor · 21.06.2013 · 15:31 · 2 min
Macroeconomics

EU Removes Romania From Excessive Deficit Procedure

The European Union Council Friday has closed excessive deficit procedures for Romania, confirming that the country has reduced its budget deficit below 3% of the gross domestic product, the...

Florentina Dragu · 21.06.2013 · 15:25 · 1 min
Romania To Change Public Procurement Rules To Lower Emphasis On Lowest Price
Social/Politics

Romania To Change Public Procurement Rules To Lower Emphasis On Lowest Price

Romania’s Government plans to amend norms on public procurement to have the technical part of an offer assessed primarily instead of the lowest price.

Oana Gavrila · 21.06.2013 · 14:32 · 1 min
Romania To Set Up Agriculture Mutual Funds Extending Risk Coverage
Social/Politics

Romania To Set Up Agriculture Mutual Funds Extending Risk Coverage

Romania will set up agriculture mutual funds to take up risks insurers do not cover, according to an emergency ordinance approved by the Government Wednesday.

Ioana Tudor · 21.06.2013 · 14:00 · 1 min
Romania To Secure Severance Pay For 1,000 CFR Marfa Employees
Automotive

Romania To Secure Severance Pay For 1,000 CFR Marfa Employees

Romanian’s government could not set conditions regarding the staff freight railway carrier CFR Marfa must keep for several years after privatization and is drafting a decision whereby about...

Ioana Tudor · 20.06.2013 · 20:28 · 1 min
IMF Says Lagarde’s Visit To Romania Unrelated To Deal Review
Macroeconomics

IMF Says Lagarde’s Visit To Romania Unrelated To Deal Review

International Monetary Fund’s Managing Director Christine Lagarde will visit Romania “somewhere in mid-July,” IMF spokesman Gerry Rice said Thursday.

Florentina Dragu · 20.06.2013 · 18:08 · 1 min
IMF Chief’s Visit To Romania Uncertain If CFR Marfa’s Privatization Is Delayed
Social/Politics

IMF Chief’s Visit To Romania Uncertain If CFR Marfa’s Privatization Is Delayed

The head of the International Monetary Fund Christine Lagarde could cancel her visit to Romania scheduled for July 16 if the eastern European country fails to select a winner for the majorit...

Florentina Dragu · 20.06.2013 · 16:02 · 1 min
EU Asks Romania To Apply Directive On Oil Stocks
Energy

EU Asks Romania To Apply Directive On Oil Stocks

The European Commission requested Romania Thursday to take measures to ensure full compliance with its obligations under European legislation regarding oil stocks.

Ioana Tudor · 20.06.2013 · 15:46 · 1 min