Social/Politics
EU Opens Infringement Against Romania Over Public Procurement In Road Rehabilitation Tender
The European Commission announced Thursday it has triggered infringement procedures over Romania’s failure to comply with EU public procurement rules in the auction for the rehabilitation of...
Remaining Bidder For CFR Marfa May Be Disqualified Over Demands – Minister
Romanian rail company Grup Feroviar Roman (GFR), the only remaining bidder in the privatization process of state-run freight rail carrier CFR Marfa, may be disqualified due to a series of co...
Court Rejects MOL’s Claim To Have Antitrust Fine Annulled
The Bucharest Court of Appeals has overruled Hungarian oil group MOL’s claim to have a RON80.2 million antitrust fine annulled, upholding the Competition Council’s decision.
Good Crops Trigger 15% Lower Wheat Prices
Local farmers will harvest 6.1 million tons of wheat in upcoming weeks, 27% more than last year due to the good weather, therefore, prices are expected to be 15% lower than in the same perio...
Owner Says GFR Has Secured Bank Loans To Buy CFR Marfa
Romanian Grup Feroviar Roman has EUR180 million, the starting price to buy state-owned freight rail carrier CFR Marfa, and has bank credentials from Raiffeisen Bank Austria, company owner Gr...
Lufkin Industries Inaugurates $140M Facility In Romania
U.S. oil and natural gas equipment producer Lufkin Industries Inc. Wednesday inaugurated its new manufacturing facility in Romania, following total investments of $140 million.
Cabinet Approves Purchase Of 12 Used F-16 Fighter Jets From Portugal For EUR628M
Romania’s government approved Wednesday a bill on the acquisition of 12 used F-16 fighter jets from Portugal for EUR628 million to be paid in 2013-2017.
Romania Wants RON350M From Nuclearelectrica IPO
Romania hopes to attract between 300 and 350 million lei (EUR66.7 to EUR77.8 million) from the planned sale of a 10% stake in state-run nuclear power producer Nuclearelectrica, Energy Minist...
Government To Hire Private Experts To Avoid Losing EUR6.5B In EU Funds
The Romanian government will hire private experts to analyze requests for European financing and will pay them EUR280 per day for a period of two years, ensuring the money from EU funds and...